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Berkshire Hathaway CEO Warren Buffett says his successor will be entitled to a much bigger paycheck. (AP Photo/Nati Harnik)

(Bloomberg) — Berkshire Hathaway Inc.’s board will have a bigger responsibility weighing compensation for its next chief executive officer after Warren Buffett is no longer leading the company, said director Susan Decker.

Buffett, 84, and Berkshire Vice Chairman Charles Munger, 90, have requested their annual salaries be set at $100,000 for decades. Both are among the biggest shareholders in the Omaha, Nebraska-based company.

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