Buffett’s Berkshire boosts CEO-designate Abel’s pay to $20 million

News Snapshot:

Berkshire Hathaway BRK-B-N said Warren Buffett raised the pay of his designated successor Greg Abel to $20 million last year, as the conglomerate posted a record operating profit. The company also urged the rejection of six shareholder proposals, including that Berkshire disclose more about its plans to reduce greenhouse gases and improve diversity, monitor the safety of its BNSF railroad unit more closely, and discuss how much its operations depend on Chinese government activities. Berkshire disclosed executive pay and the recommendations on shareholder proposals in its annual proxy filing on Friday, ahead of the Omaha, Nebraska-based conglomerate’s May 4 annual...