Buffett and Munger will not take cash compensation, restricted stock or option grants that would make their results superior to shareholders'.

Ongoing promise with no deadline, judged over Buffett's and Munger's time as Berkshire officers/directors from 2002. True: Berkshire proxy statements and 10-Ks show neither took restricted stock or option grants, and cash pay stayed nominal (e.g. Buffett's roughly $100,000 salary) so that their economic results tracked the shareholders'. Mostly true: a minor, non-material benefit (e.g. security costs or director fees) without any equity grant or significant cash pay. Mixed: not normally used. Mostly false: a material cash bonus or pay package that set their results apart from shareholders', even if no equity was granted. False: proxy filings show either received restricted stock or option grants, or large incentive cash pay.

Set before the research began.

1. E1 DEF 14A U.S. Securities and Exchange Commission (Berkshire Hathaway Inc. proxy statement, 2026 annual meeting) · 3 February 2026 Own record

   “Mr. Buffett’s annual compensation was $100,000 for more than 40 years.”

2. E2 DEF 14A U.S. Securities and Exchange Commission (Berkshire Hathaway Inc. proxy statement, 2023 annual meeting) · 22 February 2023 Own record

   “Mr. Buffett’s annual compensation and Mr. Munger’s annual compensation have been $100,000 for more than 25 years and Mr. Buffett has advised the Committee that he would not expect or desire such compensation to increase in the future.”

3. E3 Definitive Notice & Proxy U.S. Securities and Exchange Commission (Berkshire Hathaway Inc. proxy statement, 2009 annual meeting) · 13 March 2009 Own record

   “Under the Committee’s compensation policy, Berkshire does not grant stock options to executive officers.”

4. E4 DEF 14A U.S. Securities and Exchange Commission (Berkshire Hathaway Inc. proxy statement, 2026 annual meeting) · 3 February 2026 Own record

   “Under the Committee’s compensation policy, Berkshire never intends to use Berkshire stock in compensating employees.”

Berkshire's proxy statements report that Buffett's and Munger's annual compensation was $100,000 each for more than 25 years (E2), and Buffett's stayed at $100,000 for more than 40 years (E1). The proxies also state that Berkshire does not grant stock options to executive officers (E3) and never intends to use Berkshire stock in compensating employees (E4). These are the official records the criteria name. They show nominal cash pay of $100,000 a year for Buffett and Munger [E1][E2], a policy of not granting stock options to executive officers [E3], and a stated policy of never using Berkshire stock to pay employees [E4]. The evidence does not mention any other benefits.