By now, everyone and his brother has had an opinion on
the l'affaire Sokol. I've poked around a little and given it some
thought. I think there are two issues. First is the corporate
opportunity issue. I think that's pretty clear. The second, and
more ambiguous issue, is the potential...
These are not good facts for Sokol. From the Berkshire
board's report on Sokol's trading :
Mr. Buffett was initially unimpressed with Lubrizol as
apotential acquisition, but told Mr. Sokol to let him know what he learned at
the meeting. He also told Mr. Sokol that he was unfamiliar with...
We previously wrote here about a recent complaint filed in the Delaware Court
of Chancery in connection with allegations that David Sokol, a member of
Warren Buffett's inner circle at Berkshire Hathaway, profitted
personally from what might be considered a corporate opportunity. Today,