Guardian – David Sokol, long considered the most likely candidate to succeed the billionaire investor as the head of Buffett’s Berkshire Hathaway, resigned after purchasing shares in an oil company that he suggested Buffett should buy.
But Buffett moved to scotch rumours that the purchase had anything to do with the resignation. In a statement Buffett said Sokol had told him he owned shares in the chemical company, Lubrizol Corp, when they first discussed the deal in January. Buffett said that neither Sokol nor he felt that “his Lubrizol purchases were in any way unlawful” and that they were not a factor in his decision to resign.
