Former Berkshire Hathaway executive David Sokol, pictured here in 2009, said he did nothing wrong in buying stock in a company that he then suggested Berkshire acquire. (Reuters/Lucas Jackson)
The man widely seen as the leading successor to Warren Buffett at Berkshire Hathaway has resigned after buying shares in chemical company Lubrizol Corp before pushing Buffett to acquire it.
David Sokol’s resignation is a reputational blow for Buffett, the 80-year-old “Oracle of Omaha,” who prides himself on his folksy fair-dealing image and handpicks managers who can run businesses in a similarly transparent manner. Get the full story »
