Saturday, August 27, 2011

Berkshire Hathaway's Dave Sokol resigns

Dave Sokol, who ran several of Berkshire's businesses, including Mid-American Energy, resigned from Berkshire on Monday. In a statement announcing the departure late Wednesday, Mr Buffett revealed that Mr Sokol purchased shares in chemicals maker Lubrizol shortly before he recommended to Mr Buffett that Berkshire invest in the company. In the middle of March, Berkshire announced the $9bn (�5.6bn) takeover of Lubrizol.


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