Post #6378 by mungofitch on the Berkshire Hathaway board

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It's quite the read. There aren't a lot of unions who are quite that militantly adversarial these days. It's a real blast from the past. Reminds me of doing business in the UK around the end of the 1970s.

As an aside, I notice that the average rail union employee, including the value of all benefits, is making $160k/year for their day job. Mr Buffett is paid $100k/year plus benefits : )
Yes, he does extremely well as a key player in the ownership class, but notionally that isn't the pay for his day job.

I don't think there is anyone on the planet who is worth more than $3m/year for their day job efforts, but not many managers agree with me. In theory, at least, shareholders can vote.
"It is useless to argue with a man whose opinion is based upon a personal or pecuniary interest; the only way to deal with him is to outvote him." --William Jennings Bryan, 1893.

Jim

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