In a warning that was largely ignored at the time but proven correct in subsequent years, Warren Buffett referred to derivatives as "financial weapons of mass destruction" in his 2002 letter to Berkshire Hathaway shareholders. Critics of Berkshire's recent involvement ...
Warren Buffett referred to NetJets as “the major problem for Berkshire” in 2009 when reporting yearly results in his annual letter to shareholders. NetJets posted a $711 million loss in 2009 and posted aggregate pre-tax losses of $157 million during ...
Fortune Magazine’s Brainstorm Green Conference, which took place last week, was designed to serve as a forum for discussion of a wide variety of environmental topics including the shift to cleaner power generation technologies such as wind and solar. David ...
Middleburg Financial Corporation is a small bank holding company with primary operations in the western suburbs of Washington D.C. The bank's headquarters are in Middleburg, Virginia. Over the past two years, David Sokol has accumulated nearly twenty percent of the ...
In a wide ranging interview with CNBC prior to today’s special meeting of Berkshire Hathaway shareholders, David Sokol comments on prospects for NetJets in 2010, the housing market, climate regulation, and clues regarding the economy based on electricity consumption. Read ...
I [Sokol at NetJets] n a recent interview with The Columbus Dispatch, NetJets Chairman and CEO David Sokol predicts that the company will be profitable this year and no further staffing reductions will be required "barring any major shifts in ...
The Financial Times has reported that a rival of Berkshire Hathaway's NetJets subsidiary will expand its presence in the global private jet market. Switzerland based VistaJet has hired Robert Hersov, a former executive from NetJets Europe. The company also announced ...
David Sokol has been in the news many times over the past few months due to his increasing prominence within Berkshire Hathaway. Mr. Sokol is Chairman of MidAmerican Energy which is one of Berkshire's most important subsidiaries. In addition, he ...
More details are emerging regarding the management transition at NetJets earlier this year when David Sokol was named Chairman and CEO after Richard Santulli’s unexpected resignation. Last month, Mr. Sokol granted an interview with The Columbus Dispatch regarding his turnaround ...
NetJets has had management turnover with the abrupt resignation of Richard Santulli in August which was followed by David Sokol assuming the Chairman and CEO roles. Mr. Sokol has also been mentioned as a potential future CEO at Berkshire Hathaway ...
Like many American investors, I have been trying to expand my circle of competence to the point where I can evaluate and potentially participate in opportunities in China. The growth patterns in China have been widely reported and there may ...
David Sokol appeared on CNBC this morning and commented on a variety of topics. In addition to his responsibilities as Chairman of MidAmerican Energy, Mr. Sokol recently assumed the Chairman and CEO positions at NetJets. It appears that Mr. Sokol ...
The Wall Street Journal reported today that BYD plans to offer its most advanced electric car, the e6 model, in the United States in 2010 which is a year ahead of the company's prior plans. BYD's e6 sedan has been ...
MidAmerican's Chairman David Sokol was interviewed by Bloomberg today in Washington. Mr. Sokol has been advocating for the elimination of the concept of trading carbon credits which is a central feature of the "cap and trade" system that is currently ...
It appears that MidAmerican Energy's Chairman David Sokol is taking on a higher media profile in recent weeks. MidAmerican is a subsidiary of Berkshire Hathaway and David Sokol has often been mentioned as a front runner to take on the ...
Most of the excitement related to BYD has centered on the remarkable advances the company has made in applying its proprietary battery technology to electric vehicles such as the e6 model which I wrote about earlier this month. BYD's innovations ...