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No. of Recommendations: 5
I am a critic of excessively high pay but the typical media portrayals of "exit packages" for retiring CEOs neglects to emphasize the fact that a huge portion of this "package" is merely deferred compensation earned over many years or decades. That makes for less sensational headlines but is more accurate.

It wouldn't surprise me a bit if Combs, Weschler, Rose, Jain and many other Berkshire executives end up with much higher aggregate compensation over many years and we should have no problem with that assuming shareholders are beneficiaries of that labor and pay isn't entirely excessive compared to the value provided. The level of Rose's compensation has nothing whatsoever to do with the average pay of a rail yard worker. Neither is there any correlation between the pay of the CEO of Wal Mart and a typical cashier.
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