Berkshire CFO Comp Tops That for Buffett

Berkshire's Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger have both kept their salaries at $100,000 again in 2007, according to documents filed with the Securities and Exchange Commission Monday.

Berkshire CFO Marc Hamburg was the corporation's highest-paid employee. Hamburg received compensation worth made $723,750 in 2007, which included $11,250 contribution to a defined contribution plan. That is up from the $673,500 compensation he received in 2006.

Buffett's and Munger's salaries haven't changed for more than 25 years, but neither man is struggling.

Buffett was named the richest man in the world earlier this month when Forbes magazine estimated his fortune had grown to $62 billion. Forbes estimated that Munger is worth about $2.4 billion.

Buffett has long been critical of excessive executive pay, perks and stock options, so his Omaha-based holding company doesn't use them.

That makes it easier to calculate how much Berkshire's top executives make based on the proxy statement the company filed with the SEC.

Most of the things The Associated Press includes in its executive compensation calculations don't exist at Berkshire, including bonuses, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year.

The only other compensation Buffett received besides his salary last year was $75,000 in fees he collected for serving on other companies' boards.

Berkshire did not list any other compensation for Munger besides his salary.