Is $20 million a lot? Yes. It’s more than most people see in ten lifetimes. But for running a fortune 500 colossus, it’s almost quaint.
Buffett once said he wants a successor who loves the work, not the money. Abel clearly fits that bill. He could leave and get paid triple elsewhere, but he stays.
So, how much does Greg Abel really make? Enough to be comfortable, but not enough to make you jealous. He makes exactly what a Berkshire CEO should make: a fair share, not the whole pie.
Next time you see that $20 million figure, remember: it’s not about the zeros. It’s about the frugal spirit that built the biggest company in the world. And that’s pretty chill, honestly.
