Former Berkshire Hathaway (BRK.A, Financial)(BRK.B, Financial) lieutenant David Sokol tells FOX Business Network’s (FBN) Liz Claman that his resignation from Berkshire Hathaway had nothing to do with his shares of Lubrizol saying there was “no inside information.” Claman reports that Sokol also stated that the resignation “is something I’ve let Warren talk me out of before but while I love Warren and Berkshire, I want to start and run my own businesses as I did years ago with MidAmerican Energy.”
In addition, FBN’s Charlie Gasparino reports that “a source with direct knowledge of the SEC’s activities tells FOX Business Network that it would be ‘impossible for the SEC not to examine the Buffett matter’ and that the investigation is ‘imminent or has already begun.’” Gasparino goes on to report that his source tells him that “it’s impossible for the SEC not to kick the tires on this.”
On his resignation from Berkshire Hathaway:
“This is something I’ve let Warren talk me out of before but while I love Warren and Berkshire, I want to start and run my own businesses as I did years ago with MidAmerican Energy. I want to control my own schedule.”
On his Lubrizol stock not being a factor in his resignation:
“Absolutely no inside information and to be honest I didn’t think Warren would be interested in buying Lubrizol anyway.”
“There was no inside information. The only reason Warren Buffett mentioned it in the release is because it would have to be brought up anyway when Berkshire put the purchase up for a vote. It’s a disclosure issue.”
Charlie Gasparino on“imminent” SEC investigation”
“A source with direct knowledge of the SEC’s activities tells FOX Business Network that it would be ‘impossible for the SEC not to examine the Buffett matter’ and that the investigation is ‘imminent or has already begun.’”
“It’s impossible for the SEC not to kick the tires on this, the source says.’”
In addition, FBN’s Charlie Gasparino reports that “a source with direct knowledge of the SEC’s activities tells FOX Business Network that it would be ‘impossible for the SEC not to examine the Buffett matter’ and that the investigation is ‘imminent or has already begun.’” Gasparino goes on to report that his source tells him that “it’s impossible for the SEC not to kick the tires on this.”
On his resignation from Berkshire Hathaway:
“This is something I’ve let Warren talk me out of before but while I love Warren and Berkshire, I want to start and run my own businesses as I did years ago with MidAmerican Energy. I want to control my own schedule.”
On his Lubrizol stock not being a factor in his resignation:
“Absolutely no inside information and to be honest I didn’t think Warren would be interested in buying Lubrizol anyway.”
“There was no inside information. The only reason Warren Buffett mentioned it in the release is because it would have to be brought up anyway when Berkshire put the purchase up for a vote. It’s a disclosure issue.”
Charlie Gasparino on“imminent” SEC investigation”
“A source with direct knowledge of the SEC’s activities tells FOX Business Network that it would be ‘impossible for the SEC not to examine the Buffett matter’ and that the investigation is ‘imminent or has already begun.’”
“It’s impossible for the SEC not to kick the tires on this, the source says.’”
