Warren Buffett tells CNBC he wants to make his first public comments to shareholders this weekend about tonight's blistering report by Berkshire Hathaway's Audit Committee on David Sokol's Lubrizol trades.
Markets quake after S&P touches the third rail. Goldman reports earnings without Buffett on its back. Research In Motion preps its unloved tablet and McDonald's conducts a supersized job fair. Here's what we're watching…
Billionaire investor Warren Buffett received a $5.5 billion check from Goldman Sachs, repaying an investment Buffett made in Goldman at the height of the financial crisis, CNBC learned Monday.
Warren Buffett has received an unwanted check for more than $5.5 billion from Goldman Sachs. CNBC's Becky Quick confirmes the payment has been made. It is right on schedule, but not welcome.
Last week's attack on Warren Buffett by Wisdom Tree Investments Chairman Michael Steinhardt was "inappropriate and misses the point," Omega Chairman Leon Cooperman told CNBC Tuesday.
If clients weren't getting what they were looking for, they wouldn't be investing in hedge funds, says Leon Cooperman, chairman & CEO, Omega Advisors. Also, a discussion about what the funds are doing to generate fees, and revisiting Steinhardt's comments last week regarding Warren Buffett, charitable giving and David Sokol's departure from Berkshire. With Andrew Ross Sorkin.
Roger Altman, chairman of Evercore Partners, told CNBC Thursday AT&T's deal for Deutsche Telekom's T-Mobile will be approved by anti-trust regulators. He also defended Berkshire Hathaway and Warren Buffett.
Warren E. Buffett has a favorite saying: “Lose money for my firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.” But as speculation of insider trading swirls around Mr. Buffett’s onetime heir apparent, David L. Sokol, it has to be asked: Why hasn’t Mr. Buffett been ruthless?, reports the New York Times.
The gloves come off as Michael Steinhardt, chairman, WisdomTree Investments, makes known his true feelings about billionaire investor Warren Buffett, who he says has conned the press.
A look at the week's top stock picks and business news, including David Sokol's surprise resignation from Berkshire Hathaway, with CNBC's Mandy Drury.
The sudden resignation of David Sokol, widely considered by many to be the heir apparent to the 80-year old Warren Buffet, is clouded in controversy and perceived conflicts of interest. It has left investors shocked and confused. It has also highlighted the huge challenge facing Berkshire Hathaway – how to find the next Buffet. This task is clearly no easy pursuit.
This is a transcript of David Sokol's live, exclusive CNBC Squawk Box interview on Thursday, March 31, 2011. The outgoing Berkshire Hathaway executive, who resigned the night before, defended his purchase of shares in Lubrizol before recommending the company to Warren Buffett as a potential Berkshire acquisition.
Continuing conversation on fallout after David Sokol's explosive interview on Squawk Box this morning following his resignation from Berkshire Hathaway. Jim Morphy of Sullivan & Cromwell and Robert Spatt, of Simpson Thacher & Barlett weigh in.
The surprise resignation of leading Warren Buffett successor David Sokol, raised many unanswered questions on Thursday.
Discussing whether anyone can really succeed Warren Buffett, with Robert Miles, "The Warren Buffett CEO author, and Andrew Ross Sorkin, New York Times.
Repeatedly insisting that he did nothing wrong, David Sokol tells CNBC that looking back in light of widespread criticism, he still would have bought shares in Lubrizol, but wouldn't have told Warren Buffett anything about the company, including his belief that it would be a good acquisition for Berkshire Hathaway.
Fifteen hours after disclosing that heir apparent David Sokol would be leaving the firm (officially because he wanted to spend more time with his family, but most believe because Sokol had bought shares of Lubrizol before a deal to purchase the company was announced), there Mr. Sokol was, on Squawk Box, insisting he did nothing wrong.
This is a live blog of David Sokol's exclusive interview on CNBC's Squawk Box. He is discussing his surprise resignation and the revelation that he personally bought shares in Lubrizol before recommending to Warren Buffett that Berkshire Hathaway buy the company.
David Sokol, former Berkshire Hathaway executive, tells CNBC why he left the company and plans to start his own "mini-Berkshire Hathaway." Sokol says Buffett did not try to talk him out of resigning this time. This is the full interview with CNBC's Becky Quick.
In an "unusual", to say the least news release tonight, Warren Buffett announced the sudden resignation of David Sokol, the Berkshire Hathaway executive who had been widely expected to eventually succeed him as Berkshire's CEO.