Ex-Berkshire exec Sokol: I did nothing wrong: report

Reuters

NEW YORK (Reuters) - Former Berkshire Hathaway <BRKa.N> executive David Sokol on Thursday said he did nothing wrong in buying stock in a company that he then suggested Berkshire acquire.

Sokol, who was seen as the most likely successor to Berkshire Hathaway CEO Warren Buffett, made his comments on CNBC. Buffett released a letter Wednesday disclosing that Sokol bought a substantial stake in Lubrizol Corp <LZ.N> before urging Buffett to acquire the company, which the "Oracle of Omaha" did this month.

Continue Reading Below

(Reporting by Ben Berkowitz; Editing by Derek Caney)

What do you think?

Click the button below to comment on this article.