VituVingiSana wrote:erifloss wrote:VituVingiSana wrote:Nonsense... What WB did was fire the chap...
It is not WB's job to prosecute Sokol, if there was wrongdoing, but the SEC's job...
As Sokol's boss... what WB was fire the guy...
But you have to agree that with so many of these problems of late occurring under WB's watch is a big problem.
And remember Sokol mumbled this in a meeting that WB was at, why did he still go for the deal knowing this?
1) Erm, what 'other' problems recently? Please do tell us...
2) So, WB going for a good deal coz Sokol 'mumbled' about buying some shares makes it a 'problem'?
[As long as the DEAL was GOOD for Berkshire... just coz Sokol owned/bought shares does not mean WB should not buy it. Not doing a legit good deal would be the problem!]
Kwani, if Sokol hid his share purchases [or the full extent] from his boss does NOT make the deal [purchase of Lubrizol] a bad deal as long as WB did the Due Diligence...
1. Allegations of inflating results of some firms BH owns and actually the SEC won some of the suits. I'm not saying that the father should be blamed for the sins of the son but the father should no better & institute better measures.
2. When WB invested in Goldman Sachs, it actually showed him in the light of giving an ok to 'gamble banking' as opposed to his value based investment strategy.
3. His investment in Moody's one of the rating agencies that rated sub-prime CDO's AAA.
4. I do agree he shouldn't let a good investment pass by coz of his associates but he should know better & ensure disclosure of various interested parties to the investing public. This is actually the reason why some of BH's shareholders are filing suits against it.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary