Board: Ex-Buffett Lieutenant Broke Law, Duped Boss

Warren Buffett’s former heir apparent David Sokol misled his boss and violated insider-trading rules when he bought shares in Lubrizol and then recommended Berkshire Hathaway buy it , Berkshire’s board has concluded. A scathing report from the board portrays Buffett as a victim of Sokol’s deception and says the company may…

See the original post:
Board: Ex-Buffett Lieutenant Broke Law, Duped Boss

Posted by on April 28, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.