Goodbye David Sokol

BERKSHIRE SAYS COMMITTEE FOUND SOKOL LZ TRADING VIOLATED TERMS
BERKSHIRE SAYS SOKOL'S PURCHASES VIOLATED CO. POLICIES

And next, David Sokol takes down Charlie Munger.

From Reuters:

Berkshire Hathaway on Wednesday said David Sokol misled the company in the way he disclosed his financial interest in Lubrizol Corp before pushing Berkshire CEO Warren Buffett to buy it.

Berkshire said in a statement its audit committee was still considering the possibility of legal action against Sokol as a result of his behavior and that it would cooperate with any government investigation.

We are not sure how the massive report released jives with the Oracular's once pathetic disclaimer: "Therefore, if questioned about this matter in the future, I will simply refer the questioner back to this release."

 

Full BRK report (link):

Apr 2711

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