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.
April 28, 2011 | Permalink