Berkshire Hathaway's (NYSE: BRK) Warren Buffett and Charlie Munger both kept their $100,000 per year salaries in 2007, according to a regulatory filing with the SEC. The two chiefs of Berkshire have kept the same salary for more than 25 years and criticized other executives for partaking in excessive compensation. However, some say that it's easy to take a low salary when one man is the richest in the world and another is worth over $2 billion!

The two did not receive any additional perks, unlike the laundrylist seen at the feet of many other executives. In fact, the two even reimburse the company for any personal costs such as postage or calls that the company may have paid! Buffett contributed $50,000 in such reimbursements while Munger contributed $5,500. Both believe that their real compensation is tied to the fate of the investment conglomorate that they have built.

Many investors are again planning their exodus to the company's annual meeting in Omaha, Nebraska on May 3rd. The meeting has become somewhat of an event moreso than a simple annual meeting as Buffett and Munger give speeches and field questions about not only company specifics but also the larger economy. In fact, many use this as an opportunity to pick Buffett's brain on macro-economic topics only mildly related to the companies he owns.

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