David Sokol’s abrupt resignation
David Sokol, widely considered the heir apparent to Warren Buffett, has abruptly resigned from Berkshire Hathaway’s subsidiaries after it was revealed that he profited from the purchase of a publicly-traded company made by Berkshire. The SEC is likely to investigate. This looks pretty ugly if you ask me. Sokol will talk to CNBC tomorrow at 7:40AM.
Should be interesting. Video below.