Warren Buffett mantra - total shareholder return must take place before the executives are paid

Some excerpts from the Bloomberg article on Warren Buffett.

total shareholder return must take place before the executives are paid

“You need a person at the top who has all the downside that somebody has that loses their job working at an auto factory,” he said in an interview released by the panel in February. If a company fails, management should “give back five times the highest compensation they received in the previous five years.”