News/Management/May 2, 2026

Charles Chang's CFO pay set at $8 million as Marc Hamburg's retirement terms are filed

A May 2026 8-K sets the terms of the CFO handover: Charles Chang succeeds Marc Hamburg as chief financial officer on June 1, 2026, at an annual cash salary of $8 million. Hamburg's retirement package includes up to 30 NetJets flight hours a year through May 31, 2037, which Berkshire estimates at about $490,000 a year. The 8-K says the succession was previously announced.

  • Charles C. Chang becomes CFO on June 1, 2026, with an annual cash salary of $8,000,000
  • Marc D. Hamburg's retirement benefits: up to 30 NetJets flight hours a year, term from June 1, 2026 to May 31, 2037
  • Berkshire estimates the flight benefit at about $490,000 a year, including tax gross-ups
  • Hamburg has been CFO since 1992
Source
SEC EDGAR: Berkshire Hathaway Form 8-K (Item 5.02)
May 2, 2026
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