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Berkshire Hathaway Audit Committee Says Sokol Violated Policies
Berkshire Hathaway Audit Committee Says Sokol Violated Policies
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Berkshire Hathaway Audit Committee Says Sokol Violated Policies
Berkshire Hathaway (BRKa, BRKb) said late yesterday that former executive David Sokol violated the companys standards of conduct in his trading of shares of Lubrizol (LZ) prior to recommending a takeover of the company to Berkshire CEO Warren Buffett that. In particular, Berkshires audit committee advised the board of directors that Sokols having purchased Lubrizol shares while serving as a Berkshire representative in connection with a merger violated company policies in its Code of Business Conduct and Ethics and its Insider Trading Policies and Procedures.
Channel: Voxant Newsroom
Category: Business
Video Length: 0
Date Found: April 28, 2011
Date Produced: April 28, 2011
View Count: 0
 
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