True - but he also instills his management philosophy in his acquired companies. CxO pay is also not as lavish as other companies.<p>From <a href="https:&#x2F;&#x2F;www.gsb.stanford.edu&#x2F;insights&#x2F;what-it-be-owned-warren-buffett" rel="nofollow">https:&#x2F;&#x2F;www.gsb.stanford.edu&#x2F;insights&#x2F;what-it-be-owned-warre...</a>:<p>&quot;The subsidiary chiefs also believe their companies’ performances are better under Berkshire (and even better than if they were stand-alone companies). Respondents point to Berkshire’s brand value and financial strength. Another reason? Berkshire lets CEOs focus on a longer performance horizon than they would expect under other ownership. Although each CEO varied on what that horizon would be, with estimates ranging from three years to 50, they all said Berkshire management encourages a long-term focus.&quot;