Buffett Heir Apparent David Sokol Quits After Stock Purchases

Wednesday, 30 Mar 2011 05:31 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

NEW YORK — Warren Buffett's leading heir apparent, David Sokol, resigned from Berkshire Hathaway, and Buffett said in a statement on Wednesday that Sokol bought shares in a company he later pushed Buffett to purchase.

Buffett said he did not feel Sokol's purchase of shares in Lubrizol was unlawful. Buffett said Sokol's March 28 letter of resignation from his role as chairman of MidAmerican and NetJets mentioned his desire to pursue philanthropic efforts.

© 2014 Thomson/Reuters. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

State Dept.'s Nuland to Newsmax: Sanctions Reined Putin In

Sunday, 21 Dec 2014 22:10 PM

Without the tough sanctions the U.S. and its allies placed on Russia last year and the faltering Russian economy, Vladim . . .

Attkisson: CDC Not Telling Public About Possible Ebola Cases

Sunday, 21 Dec 2014 23:40 PM

The government is not telling the public about all the possible cases of Ebola it is monitoring in the United States, sa . . .

Atlanta US Attorney Yates Tapped for Deputy AG

Sunday, 21 Dec 2014 17:46 PM

President Barack Obama is preparing to nominate the top federal prosecutor in Atlanta to the No. 2 position at the Justi . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved