An ex-employee of Berkshire Hathaway and Warren Buffett is currently lashing out against his old boss.
David Sokol, who was once expected to succeed Warren Buffett as head honcho of Berkshire Hathaway when he retired, called out Buffett in regards to a Wall Street Journal article that came out over the weekend.
“I will never understand why Mr. Buffett chose to hurt my family in such a way, but given that he is rapidly approaching his judgement [sic] day I will leave his verdict to a higher power,” said David Sokol in a response that he e-mailed to WSJ.
The statement given by Sokol comes two years after he left Berkshire Hathaway. The reason he left was over questionable stock trades. This was not long after David’s lawyer announced that the United States SEC wasn’t planning on charging Sokol with insider trading.
During 2011, right after Sokol departed Berkshire Hathaway, Buffett said that Sobel’s actions were “inexplicable and inexcusable.”
It’s very rare that an ex-employee of Berkshire Hathaway feels the need to lash out against Warren Buffett. The billionaire investor often has a very good relationship with all of his executives and “gives them lots of room to manage their companies,” we learned from the Wall Street Journal.
The CEO of Berkshire Hathaway, often known as the Oracle of Omaha, is often a beloved figure in the financial community, with financial media, investors and even our current president regularly touting his ideas.
David Sokol, a native of Omaha just like Warren Buffett, appeared to be another big fan of Warren Buffett until the day that he resigned. In the past, Mr. Buffett once called Sokol “an enormously talented builder and operator,” we learned according to the Associated Press.
After leaving Warren Buffett’s company Berkshire Hathaway, Mr. Sokol went on to open up his own private equity firm called Teton Capital. David mentions that he doesn’t have any plans to rekindle his relationship with Warren Buffett anytime in the near future, reports Fox Business.
Sokol told Fox Business: “I haven’t spoken to Warren and I don’t want to… The notion that I violated some company policy is absurd.”