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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: OrmontUS   😊 😞
Number: of 21940 
Subject: Re: Greg Abel compensation
Date: 01/11/26 11:36 AM
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I happened to be sitting in a hotel hot tub with a guy whose "profession" was as an executive compensation consultant.

I stated that a great way for major corporations to both save money as well as become far more efficient (less meetings of large numbers of executives where most of their time was being wasted) was simple:

Fire the executives and double the salaries of their "administrative assistants" (who used to be called "secretaries" back in the day). These are the functionaries who actually kept most companies running in the name of their bosses while those bosses were off in their perpetual meetings.

He (maybe tongue in cheek) agreed with me, but pointed out he would be out of a job.

Before I retired, when I handed out Xmas gifts (things ranging from chocolate to scarves to leather gloves), they invariably went to administrative assistants, rather than their bosses.

Jeff
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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