Sokol Resigns

[acaTerry]

Well getting back to the original post..."MeEt the new boss...."
Not MeAt the new boss...."
I love knowing everything. One day I'll be like Julius (I hope).

 

[G4dude]

..."Jan. 14 or 15: Mr. Sokol mentions a possible Lubrizol deal to Mr. Buffett for the first time, according to Mr. Buffett. Mr. Sokol made a “passing remark” to Mr. Buffett about his stake in Lubrizol, Mr. Buffett said."...

Strongly disagree that it is OK if he mentioned it. He is recommending that BH pursue a company that he has a financial interest in.

The man must have lost his mind...funny that he didn't even personally hand WB his resignation letter...instead he has his assistant do it.

I'm surprised you feel that way. If Sokol recommended the stock to BH and told BH at the same time about his ownership of the shares, how would that be unethical? he would merely be recommending that BH buy the same company, for the same reason, as he himself had done.

 

[Xcorporate]

Front running is unethical. But more to the point is that it was a violation of BH's ethics code which he agreed to upon employment. He's a creep. Pretty simple.......

I'm surprised you feel that way. If Sokol recommended the stock to BH and told BH at the same time about his ownership of the shares, how would that be unethical? he would merely be recommending that BH buy the same company, for the same reason, as he himself had done.

 

[LAZYB]

Front running is unethical. But more to the point is that it was a violation of BH's ethics code which he agreed to upon employment. He's a creep. Pretty simple.......

There ya go!

 

[rajflyboy]

You must ask yourself the questions:

1. Are you Pleased?
2. Are you Satisfied?

 

[pers-headwall]

$720 million investment and 0% return in twelve years.

Time for BRK.a to cut bait.

 

[gret]

I'm surprised you feel that way. If Sokol recommended the stock to BH and told BH at the same time about his ownership of the shares, how would that be unethical? he would merely be recommending that BH buy the same company, for the same reason, as he himself had done.

Only if you believe he is as pure as you believe, which he probably isn't.

I buy stock in a company and then recommend that my boss (company) do a buy out...no way...it stinks and doesn't work in anybody's code of ethics.

Sorry man... you're smarter than this so I'm surprised you are even bringing this matter up.

A lousy $3 million isn't worth losing your reputation and a shot at the top of BH. He sold out his boss and a friend.

 

[be99fr8dog]

$720 million investment and 0% return in twelve years.

If you truly believe this...

I have some ocean front property in AZ I would love to sell you. I also have a fractional interest in the Golden Gate Bridge that you might be interested in.

Have you ever heard of Lubrizol? I can get you in on the ground floor, got a friend that has some in's... Let me know. One friend to another, you know...

But!!! you have to keep these deals quiet. You know regulations, sec, etc... I will only cut a buddy like you a great deal like this.

 

[G4dude]

Only if you believe he is as pure as you believe, which he probably isn't.

I buy stock in a company and then recommend that my boss (company) do a buy out...no way...it stinks and doesn't work in anybody's code of ethics.

Sorry man... you're smarter than this so I'm surprised you are even bringing this matter up.

A lousy $3 million isn't worth losing your reputation and a shot at the top of BH. He sold out his boss and a friend.

I agree with you, IF he didn't tell Berkshire Hathaway he had purchased the shares. If he did tell them beforehand, where would the ethical lapse be?

 

[brokeflyer]

I agree with you, IF he didn't tell Berkshire Hathaway he had purchased the shares. If he did tell them beforehand, where would the ethical lapse be?

He bought all those shares then recommended WB to buy the company. In doing so his stock would increase in value......by just about 3 million dollars.

It dont matter if he told Berkshire he bought them or not.