» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 35 | NO. 12 | Friday, March 25, 2011




Departing Berkshire exec wants to start own firm

Print | Front Page | Email this story

OMAHA, Nebraska (AP) — The high-ranking Berkshire Hathaway executive who suddenly resigned this week says he wants to start his own investment firm patterned after Warren Buffett's company.

David Sokol appeared on CNBC Thursday, one day after Buffett announced that Sokol had resigned. Many investors believed that Sokol had been the leading candidate to eventually replace Buffett as Berkshire Hathaway's CEO.

Sokol says he has been thinking of resigning for more than two years, and the time was right now because the Berkshire subsidiaries he oversaw are all in good shape.

Sokol told CNBC he wants to set up "mini Berkshire Hathaway" similar to the investment partnership Buffett set up in the 1960s.

Sokol says he likes to build companies but never aspired to be Berkshire's CEO.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0