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Sokol Violated Berkshire Ethics

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UK BBC News story

"Buffett admits 'mistake' over Sokol's Lubrizol shares"

US billionaire investor Warren Buffett has faced uncomfortable questions from shareholders in his company about the resignation of a top executive.


David Sokol had violated Berkshire Hathaway's insider-trading rules, he told the meeting in Omaha, Nebraska
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One must be able to hold dinner conversation in order to lead a company.



Other random thoughts:
Why is Optimus Prime in the new Transformer movies when he died in the 80's?

Why did they find it necessary to kill Prime?

Who does Starscream think he's kidding? Does he REALLY think the rest of the Decepticons are going to follow him?

Why does apple spell the iPhone with a capital "P"?

Why is a p trap in the shape of a U?
 
Some day you'll learn that lawyers in management are not supporters of pilots.
 
G4dude said:
Hansell was brought in to destroy the NJA contract? I had not heard that.
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His background is as a lawyer for Nyemaster, Goode, West, Hansell, & O'Brien, whose Labor & Employment division is Iowa's largest. Labor relations is one of its specialties. It's what he does, and I have no doubt that's why he was brought in by Sokol.
 
I need to qualify my statement with "...and hopefully not the hard way".
 
gunfyter said:
Yeah ... when a Plumber shows up at your apartment complex ... why do you think the Complex Management called them?
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... only to find said plumber has been selling off all the copper pipes, and that's why nothing's working! :laugh:
 
Dichter will be running the show within 6 months. Might be a good thing, but then again Marquis wasn't sitting too pretty when they were absorbed. He's not our buddy either.

Bring back the Italian guy......
 
OPECJet said:
Bring back the Italian guy......
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You mean the Italian guy that didn't recognize and stop the downward trend of business which resulted in a $711M loss?

He's part of the reason several of us are out on the street. Don't get me wrong, I did enjoy working under him, but it was his time to go. Sokol's was months prior to his actual exit. Hansel...well, hopefully we get someone that's actually interested in the growth of NJA and not following the previous guy's business plan.
 
mosyslack said:
You mean the Italian guy that didn't recognize and stop the downward trend of business which resulted in a $711M loss?

He's part of the reason several of us are out on the street. Don't get me wrong, I did enjoy working under him, but it was his time to go. Sokol's was months prior to his actual exit. Hansel...well, hopefully we get someone that's actually interested in the growth of NJA and not following the previous guy's business plan.
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Dude

Get F ing real.

After recent events I don't think we really know the truth on the Financial Status of the Company. Was this new management also fibbing on how bad things were? or was it fact?

We as pilots will probably never know. If we bring back RTS it will be a step in the right direction. He is the king of Sales. We need that expertise right now.
 
I am willing to bet, nothing like $711 Million was lost... in actual "In God We Trust" money.... And then a $205 M profit in 2010. It must be that "new math" I've heard tell of.

Options and Citation Air recalling all their furloughs while NJ is threatening to furlough more ... I wonder where they are getting their new Owners from?

THE ITALIAN would not let that happen. We would be recalling right now.
 
gunfyter said:
I am willing to bet, nothing like $711 Million was lost... in actual "In God We Trust" money.... And then a $205 M profit in 2010. It must be that "new math" I've heard tell of.

Options and Citation Air recalling all their furloughs while NJ is threatening to furlough more ... I wonder where they are getting their new Owners from?

THE ITALIAN would not let that happen. We would be recalling right now.
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The Italian surely loved NetJets, no question. I suspect the reason why NJA is not recalling pilots like CA and FLOPS is because the other companies furloughed all their excess crews while NJA kept some extra guys and gals.
 
mosyslack said:
You mean the Italian guy that didn't recognize and stop the downward trend of business which resulted in a $711M loss?
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That loss could easily have been cooked by Sokol through aircraft write-downs and other methods that could have been less than ethical (now that the world knows Sokol's an unethical creep, it wouldn't surprise me). Also remember that before the big loss, NetJets was turning a profit with RTS at the helm.
 

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