Buffett bought an RV maker, letting the CEO name his own salary
Warren Buffett detailed the acquisition of RV manufacturer Forest River in his 2024 shareholder letter. The deal was finalized in 2005 after a brief m...
Warren Buffett detailed the acquisition of RV manufacturer Forest River in his 2024 shareholder letter. The deal was finalized in 2005 after a brief meeting with founder Pete Liegl. Buffett agreed to Liegl's requested salary of $100,000 per year plus a 10% bonus on profits above the existing run rate.