Pay for Berkshire's Abel jumped 48 percent to $40.77 million in 2015

February 29, 2016 1:58 PM

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The energy unit of Warren Buffett's Berkshire Hathaway Inc on Monday said Gregory Abel, its chairman and chief executive, saw his compensation jump 48 percent last year to $40.77 million, reflecting a large incentive award.

In its annual report, Berkshire Hathaway Energy said Abel was awarded $28 million under an incentive plan tied to the company's performance. He also received a $1 million salary and an $11.5 million bonus.

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