David Sokol

5 Stories

Buffett: Sokol's Stock Purchases 'Inexcusable'

But he takes some responsibility for Berkshire Hathaway controversy

(Newser) - In his first public comments since announcing David Sokol’s resignation one month ago, Warren Buffett called the actions of his one-time heir apparent “inexplicable and inexcusable.” At yesterday’s shareholders meeting, Buffett also took some responsibility for the controversy surrounding Berkshire Hathaway’s acquisition of Lubrizol Corp.... More »

Board: Ex-Buffett Lieutenant Broke Law, Duped Boss

Berkshire board issues scathing report on Sokol dealings

(Newser) - Warren Buffett's former heir apparent David Sokol misled his boss and violated insider-trading rules when he bought shares in Lubrizol and then recommended Berkshire Hathaway buy it , Berkshire's board has concluded. A scathing report from the board portrays Buffett as a victim of Sokol's deception and says... More »

In Buffett Heir Apparent's Past: More Shadiness

Critics come out of the woodwork for ousted Berkshire exec

(Newser) - David Sokol’s sudden resignation —and the scandal that accompanied it—shocked the business world last week, but this isn’t the first time Warren Buffett’s ex-heir apparent's ethics have been questioned. Just last year, a judge rebuked Sokol for accounting irregularities at MidAmerican Energy, the company he... More »

Ex-Buffett Lieutenant: I Did Nothing Wrong

But in hindsight, David Sokol says, he shouldn't have mentioned company

(Newser) - David Sokol gave a lengthy, defiant interview on CNBC this morning, in which he breezily insisted that he’d done absolutely nothing wrong or unethical by buying 96,000 shares of Lubrizol , and then recommending boss Warren Buffett buy the company. Some had urged Sokol to get a securities lawyer... More »

Buffett's Heir Apparent Resigns Under Cloud

David Sokol steps down amid questions over stock buy

(Newser) - A Berkshire Hathaway executive once seen as the likeliest successor to billionaire investor Warren Buffett has abruptly resigned. David Sokol—who ran Berkshire subsidiaries including MidAmerican Energy and NetJets—says he is quitting to devote more time to philanthropy. His resignation, however, comes amid controversy over Sokol's acquisition of thousands... More »

5 Stories