David Sokol tells CNBC he shouldn’t have recommended stock.
Nati Harnik
A day after his surprise resignation from Warren Buffett’s Berkshire Hathaway, David Sokol says he wishes he hadn’t recommended that Berkshire buy a company in which he owned a significant number of shares. But Sokol told CNBC Thursday he didn’t expect Buffett would bite on his suggestion of Lubrizol and insisted that he didn’t have any role in Berkshire’s choice to buy the company—which netted him a cool $3 million. Sokol, who was widely seen as a potential successor to the famed investor, insists he did nothing wrong, but the strange deal has come into focus as the potential impetus for his sudden departure.
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