its constraints inspire people.
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Before becoming CEO, Abel received almost an entirely all-cash compensation plan, in line with Buffett’s no-stock compensation philosophy. Abel received a salary of $20 million in 2023 and $21 million in 2024. Because he was already earning a significant salary previously, he may have accumulated some savings to live on, Tomic said. Abel could also sell his newly acquired Berkshire stock if he’s in need of cash, he added.