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Warren Buffett Bought an Indiana RV Maker and Let the CEO Name His Own Salary—Whatever It Was, He'd Pay It. 'This Is Not an Approach I Recommend'
Yahoo Finance· 2026-01-28 00:46
Warren Buffett once bought a $1.7 billion company over the phone. Another time, he wired billions for a business he never visited, because he didn't feel like getting on a plane. So when he told an RV executive, "You name your salary, and I'll pay it," it wasn't out of character. But it was still extraordinary. In his 2024 letter to Berkshire Hathaway shareholders, Buffett shared the story of Pete Liegl, the late founder of Indiana-based RV manufacturer Forest River. Liegl wasn't a household name, but Bu ...