Deals
Precision Castparts CEO Could Get $75.1 Million in Buffett Deal
- Mark Donegan eligible for $51.8 million from stock options
- Berkshire Hathaway agreed to buy Precision in August
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Precision Castparts Corp. Chief Executive Officer Mark Donegan could receive $75.1 million if the sale of his company to Warren Buffett’s Berkshire Hathaway Inc. is completed.
Donegan could receive $51.8 million in cash for his stock options if he remains with the company after the deal is complete, according to a filing Friday from Portland, Oregon-based Precision. He’d also get $23.3 million in deferred compensation, the filing shows.