Thursday, March 31, 2011

David Sokol No Longer Replacing Buffett as Berkshire Hathaway CEO

David Sokol has been the primary guy in the running, and Warren Buffett's top pick, to replace the Oracle of Omaha as the CEO of Berkshire Hathaway. Well David is no longer available for the position.

Just ask him.

David Sokol recently withdrew himself and resigned from the expected job and responsibility of running what is perhaps the most successful holdings company ever to invest.

He has allegedly stepped down after information about some personal trades of a company he purchased stock in which has recently been bought by Berkshire Hathaway.

Buffett has said that the decision does not come as a derivative of that trade nor the surfacing of that news.

I my self have to wonder a bit as the media is hitting this thing pretty hard. But I have enough confidence in Buffett to take his word... for the most part.

So now the real question is this...

Who will hop in the driver seat now that David Sokol is out?

It is a big question that needs answering. Warren who is still in relatively good health is 80 years old. He is not senile yet and still seems to navigate his way around a prospectus and balance sheet pretty well but hey... he is old.

They say there are four internal potential candidates that are already being considered.

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