David Sokol, widely seen as the leading contender to succeed billionaire Warren Buffett at the helm of Berkshire Hathaway Inc., resigned unexpectedly amid surprising revelations about his personal stock trading.Please read.
In an unusual and personal announcement, Mr. Buffett said the resignation followed revelations that Mr. Sokol had purchased shares of a company that Berkshire recently bought, Lubrizol Corp., at the initial suggestion of Mr. Sokol.
Wednesday, March 30, 2011
Warren Buffett Jolted As Aide Quits: Sokol Resigns After Stock Disclosure; Berkshire Succession Thrown Into Question
The Wall Street Journal reports:
