March 15 (Reuters) - Berkshire Hathaway ( BRK/A ) said on

Friday it raised the pay of Vice Chairman Greg Abel, who is

expected to succeed Warren Buffett as chief executive, in 2023

as the conglomerate posted a record operating profit.

Abel and Vice Chairman Ajit Jain, who respectively oversee

Berkshire's non-insurance and insurance operations, were each

awarded $20 million in salary.

Both had been paid $19 million in 2022, including a $16

million salary plus a $3 million bonus.

Buffett sets the pay for Abel and Jain. The billionaire's

own compensation last year totaled $413,595, comprising his

usual $100,000 salary plus personal and home security.