Warren Buffett’s heir apparent, David Sokol, quits Berkshire
David Sokol, widely regarded as being on the short list to replace Warren Buffett, has resigned as chairman of several Berkshire Hathaway subsidiaries.
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3. Billionaire Warren Buffett’s firm defends valuation of 5 stocks
OMAHA, Nebraska: Warren Buffett’s company offered a strong endorsement of five stocks it holds as part of discussions with regulators, saying it believes Wells Fargo & Co., Kraft Foods Inc., Sanofi-Aventis, Swiss Re and US Bancorp are all undervalued.
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For Berkshire, resignation raises tough questions
Warren Buffett is a called an oracle and a cult hero not just because he’s made himself one of the world’s richest people, but because he comes across as folksy and, above all, honest.
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