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.
Stocks close out the best first quarter of this century so far Thursday, despite a long list of worries that doesn't seem to be able to hold the market down.
Stocks target highs with jobs on the horizon, Irish banks quake in their boots, GNC faces the market—and what's happening in Omaha? Here's what we're watching …
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.
CNBC's Becky Quick offers an update to David Sokol's sudden exit, particularly since he was seen as a potential heir apparent to Warren Buffet. Some of Sokol's trading activity in Lubrizol, executed prior to Berkshire's offer, may have had something to do with his decision. Andrew Ross Sorkin, NY Times; Tom Curran, attorney with Peckar & Abramson; Jeff Matthews, Ram Partners; and James Altucher, Formula Capital, discuss what they believe may have happened.
If shares of Berkshire Hathaway sell-off more than 1% in the wake of recent developments top hedge fund manager Whitney Tilson says the stock is a buy.
Jamie Dimon just might be named this year's Fast Money Madness MVP. On Wednesday he took down the Oracle of Omaha!
It appears Jamie Dimon's got game and Lloyd Blankfein doesn't. Goldman Sachs is out of the Fast Money Madness tournament.
Warren Buffett told CNBC Thursday that the collapse of the euro zone's single currency is far from "unthinkable." "I know some people think it's unthinkable...I don't think its unthinkable," Buffett said.
CNBC's Becky Quick has the highlights from billionaire investor Warren Buffett's trip to India.
See what's happening, who's talking and what will be making headlines on Wednesday's Squawk on the Street.
The mega-deal is back, but it turns out you don't have to be a mega-bank to play. Boutique banks have infiltrated the ranks, grabbing assignments on four of the five biggest deals announced this year.
This round was all about the stocks traders love to hate. We're talking about the financials. Which stocks advanced and which went down?
Billionaire Warren Buffett on Tuesday said he is looking to invest in large countries like India, China and Brazil, but added that restrictions on foreign ownership in India's insurance industry could act as a deterrent in the sector.
The G7 intervened to weaken the Yen last Friday in an attempt to stabilize the Japanese currency’s dramatic rise since the catastrophic earthquake, tsunami, and nuclear disaster. Europe’s central banks, the Federal Reserve and the Bank of Canada followed the Bank of Japan’s Yen sales, pushing it down against the US dollar.
"We have not exhausted our potential for significant acquisitions, that's for sure," Warren Buffett, the chairman and CEO of Berkshire Hathaway, told CNBC.
The nuclear disaster in Japan is likely to have major effects on US energy policy, according to billionaire investor Warren Buffett.
"I'm on my way to an unknown destination in Asia where I'm going to look for a cave," Warren Buffett joked. "If the U.S. Armed forces can't find Osama bin Laden in 10 years, let Goldman Sachs try to find me."