In an article posted earlier today, we provided the video of David Sokol’s CNBC appearance along with commentary regarding his statements. As part of that article, we raised the issue of Mr. Sokol’s statements on CNBC contradicting the Lubrizol proxy statement account of the development of the transaction with specific reference to Mr. Sokol’s characterization of his discussions with bankers at Citigroup on December 13, 2010. Read this article for a more extended discussion on this topic.
David Sokol appeared on CNBC to discuss his resignation from Berkshire Hathaway which was announced by Warren Buffett in a very unusual press release on Wednesday afternoon. Read this article to view the video and for our comments.
Warren Buffett is still interested in “shooting elephants” but is not interested in issuing Berkshire Hathaway shares to fund acquisitions. Read this article for a brief review of Mr. Buffett’s recent comments and to view a CNBC interview.