Jordan Hansell, who heads the luxury- aviation unit at Warren Buffett’s Berkshire Hathaway Inc., said people who point to private air travel as an example of widening inequality miss that his business creates well-paying jobs.
Berkshire Hathaway Inc. former manager David Sokol exercised poor judgment yet may not have broken insider-trading laws by buying stock in a company he later proposed as a takeover target to Chairman Warren Buffett , legal experts said.
Warren Buffett , the Berkshire Hathaway Inc. chief executive officer preparing the firm for his eventual departure, praised the company’s roster of CEO candidates as he criticized former manager David Sokol for his stock dealings.
Berkshire Hathaway Inc. Chief Executive Officer Warren Buffett , preparing the firm for his eventual departure, criticized former manager David Sokol for a stock deal while lauding the integrity of a CEO candidate.
Last month, the news broke that David Sokol , who was Warren Buffett ’s presumed heir apparent at Berkshire Hathaway Inc., made $3 million from Lubrizol Corp. stock purchases while he was pushing Buffett to buy the company.
Warren Buffett said he cut short two telephone calls from former Berkshire Hathaway Inc. manager David Sokol because he was concerned that conversations between the two could draw attention in a possible investigation.