Episode Details

Proof that Berkshire Hathaway has always been fake frugal

Companies following their own rules

Victoria’s Secret rejects a Brett Blundy

A wrap-up of 150 meeting results over the past 2 weeks

And on the Big Vote, Matt accepts the BlackRock, JP Morgan, Northrop Grumman, Home Depot challenge

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 Filings since May 1st

The headlines

BERKSHIRE HATHAWAY

Charles C. Chang will succeed Marc D. Hamburg as Berkshire’s CFO

Mr. Chang will be paid an annual cash salary of $8,000,000.

Berkshire will provide Mr. Hamburg (or his spouse, if he predeceases her), with up to 30 flight hours per year on a mid-sized NetJets aircraft for a term starting on June 1, 2026 and ending no later than May 31, 2037.

Berkshire will provide Mr. Hamburg with tax gross-up payments to cover Mr. Hamburg’s imputed tax expenses related to this travel benefit. Berkshire estimates its cost of providing this benefit will be approximately $490,000 per year

EMERSON ELECTRIC

elected Jennifer G. Newstead 

3 women!

GENERAL MILLS

Long-tenured director Steve Odland (2004-) stepping down

Dana McNabb named COO, been with the company since 1999 and is also becoming a director

CFO getting a one-time $3.5M equity award while CTO is getting $2.5M

‍ ‍

Down to 2F

Stupid money

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