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Buffett's compensation dips to $464,011 as security costs decline but salary still $100,000


OMAHA, Nebraska — Billionaire Warren Buffett's compensation declined 4 percent to $464,011 last year because the cost of security Berkshire Hathaway Inc. provides for him was reduced.

But the salary Buffett collected from the conglomerate he leads remained $100,000 in 2014 — just as it has for over 25 years. Buffett's home and personal security cost $364,011 last year, down from $385,606 in 2013.

The 84-year-old Buffett reimbursed Berkshire $50,000 for personal expenditures such as phone calls and postage.

Chief Financial Officer Mark Hamburg was the highest paid employee listed in a regulatory filing Friday although Buffett has said some of the executives who lead Berkshire subsidiaries make more.

Hamburg received $1,738,000 compensation in 2014, which included a $500,000 bonus for work on an unnamed acquisition. In 2013, he received $1,137,750.

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