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« Insider Trading: Government Abuse and Government Waste | Main | "[W]e no longer have free market capitalism and we no longer have a democracy." »

April 28, 2011

The Latest on David Sokol

Berkshire Hathaway’s audit committee has released a report on David Sokol’s Lubrizol trading. The report concludes that Sokol misled BH and that Sokol’s purchases of Lubrizol violated BH policy. Steve Bainbridge has a good discussion, with a link to the full report, here.

I don't think Mr. Sokol's legal troubles are likely to disappear anytime soon. I really wish I were a BH shareholder so I could could attend the shareholder meeting this Saturday in Omaha. Should be interesting.

-Steve Bradford

April 28, 2011 | Permalink

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