Warren Buffett’s compensation dips 6 per cent in 2011 but salary unchanged at $100,000

OMAHA, Neb. – Warren Buffett’s compensation from Berkshire Hathaway slipped about six per cent last year to $491,925, but the billionaire’s salary remained unchanged at $100,000.

Buffett prefers simple compensation arrangements. According to the company’s proxy statement, his 2011 compensation includes only three items: his salary, $346,925 worth of personal and home security, and $45,000 for serving on the board of the Washington Post Co.

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The main reason for the reduction in Buffett’s compensation from the $524,946 he received in 2010 was he left the Post’s board last May, so his director’s fees declined.

As he has for years, Buffett paid Berkshire $50,000 to reimburse the Omaha-based company for any personal costs, such as postage or calls Berkshire may have paid for. Most of Buffett’s wealth comes from his Berkshire Hathaway Inc. stock.