Sokol Resigns

[T-1GUY]

.....

 

[CA1900]

I, as well as many others, are fearful that Sokol is leaving just ahead of a major storm on the NJ horizon...

I'd follow you if he just left Netjets, but he didn't -- he resigned from Berkshire Hathaway entirely. This is a whole different ball of wax entirely.

 

[fishfry]

It's possible that the resignation was due to an issue that has yet to surface at NetJets, but I would bet on something else. The extent to which the press release dwelled on the Lubrizol trades implies that the issue may be related to impropriety there or a potential insider trading issue -- though it certainly didn't outline anything that was prima facie evidence of that. Also, since he's been at MidAmerican for so much longer, the odds of him having a skeleton in some closet over there seems a lot higher than w/ NetJets.

 

[FalconPilot69]

In reading the press release, it looks like an SEC bomb is about to go off at BH due to their buyout of Lubrizol. I am no business genius by any stretch, just my opinion. If that is the case, the further he is from BH, the better BH will come out smelling like a rose.

 

[notaNJApilot]

I don't blame him. He works 7 days a week (each week, not every other). It's time to quit working and relax.

He made it clear the company is still overstaffed. I personally don't think this is a good sign for anyone.

 

[Jack Campbell]

It sounds to me like DS left because there is a major storm brewing in his own life. He left BH altogether, not just NJ.

 

[imacdog]

He's been working like that for a long time. The timing of his exit is very telling.

 

[OPECJet]

I don't blame him. He works 7 days a week (each week, not every other). It's time to quit working and relax.

He made it clear the company is still overstaffed. I personally don't think this is a good sign for anyone.

He's a stubborn fool who should have listened to those around him....

 

[DAS at 10/250]

I just lifted a glass in celebration. Crossing my fingers that we can put this chapter of NJA behind us.

Yep. It's been like the AMF days at Harley-Davidson.

 

[CA1900]

He's a stubborn fool who should have listened to those around him....

Exactly. He's been trying to run this company like Mesa, with predictable results. Good riddance.

 

[CRAWDADDY]

wonder if he had to take that.... online ethics course.

ROTFLMAO

 

[imacdog]

Or like a utility company.

 

[johnsonrod]

Evidently he will be on CNBC tomorrow morning at 7:40AM EST. Setting my TIVO... Should be interesting.

 

[sky4]

Michael Scheeringa. I hope this does not happen to NJ.

 

[CRAWDADDY]

Probably wants to spend more time with his family. First words when he came here was that we weren't his family.