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Alex Garcia
Alex Garcia

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.

About the author:

Alex Garcia
Alejandro Garcia, B.S. Business Admin-Option in Finance, is a private value investor who uses his blog to write about his experience with Joel Greenblatt's Magic Formula.

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