Berkshire's Munger Calls For CEOs to Take Less

Vice Chairman of Berkshire Hathaway, Inc., Charles Munger feels that CEOs should take less in salary and bonuses because the levels seen now lead to dangerous levels of envy throughout the world. Munger, who made a total of $100,000 last year from Berkshire Hathaway, stated that "(CEOs) have a duty to the larger civilization to dampen some of this envy and resentment by behaving way more noble than other people and more generous. People should take way less than they are worth when they are favored by life."

The article, citing the Economic Policy Institute, states that the average worker in the U.S. made $42,000 while the average CEO made almost $11 million.