Berkshire's David Sokol Discusses Outlook for NetJets
August 25, 2010
MidAmerican Chairman and NetJets CEO David Sokol recently appeared on Bloomberg to discuss the economy and the turnaround at NetJets.Among the topics covered the guarantee NetJets/Berkshire Hathaway have with its customers in which if a customer gets in financial difficulty, NetJets buys back its airplanes within 90 days. An interesting conversation in the interviews arises when the co-founder and former executive criticized some of the strategic moves Sokol has been making such as not upgrading its fleet and recent debt reduction.
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