Dairy Queen

If Charlie and I die tonight and you had two new faces up here who didn’t have the benefit of having bought a lot of Berkshire a long time ago, and they had responsibility for the whole enterprise, it would not be inappropriate to pay them in some way that was reflective of the prosperity of the whole enterprise. I mean, they would — it would be crazy to pay the people at Dairy Queen in options of Berkshire Hathaway or pay the people at Star Furniture or any one of our operations, because they have responsibility for a given unit. And what the price of Coca-Cola stock does could swamp their efforts in either direction. It just would be inappropriate. But it would not be inappropriate to pay somebody that’s got the responsibility for all of Berkshire in a way that reflected the prosperity of all of Berkshire. And a properly designed option system, which would be much different than the ones you see, because it’d be much more rational, could well make sense for one or two people that had the responsibility for this whole place. Charlie and I aren’t interested in that. But I think that you may be looking at two people up here, 50 years from now, I hope, where it would be appropriate. CHARLIE MUNGER: No. But I do want to remind people that the Dilly Bar is a Dairy Queen product. (Laughter)