Tag Archives: Berkshire Hathaway Inc.

Dominion Lending Centres Clearlease Reports Berkshire Hathaway (BRK-A, BRK-B, LZ) Loses David Sokol, Buffett’s Heir Apparent Still At Large

Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports A surprise has just been handed to Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-B). David Sokol is resigning from the company. He has been considered one of Warren Buffett’s potential heirs to run the company. Buffett swears up and down that Sokol’s resignation was a surprise and that this departure was to go create equity value and an enterprise to create value for his descendents as well as to fund his own philanthropic interests. At issue is exactly what happened in this Lubrizol Corporation (NYSE: LZ) acquisition and that Sokol had tried to resign before.

Buffett went on to discuss how Sokol owned shares in Lubrizol before he suggested that Berkshire Hathaway acquire Lubrizol Corporation (NYSE: LZ), but Buffett noted that Sokol had no decision on whether or not to acquire Lubrizol and in no way was their any legal issue in that ownership that he was aware of. Buffett also said the resignation letter press release is all he knows regarding the matter.

Buffett claims that two prior resignation attempts were made by Sokol, but this was still a surprise resignation turned in by Sokol’s assistant. Here is the replacement strategy named:

* Greg Abel, presently President and CEO of MidAmerican Holding Company, will become its Chairman;
* Todd Raba, President and CEO of Johns Manville, will become its Chairman;
* and Jordan Hansell, President of NetJets, will become its Chairman and CEO.

David Sokol had been considered at least one possible replacement for Warren Buffett when he decides to retire. Now it seems that Ajit Jain will now be considered even more of a frontrunner for the job. What Buffett said before in an annual letter: “If Charlie (Munger), I and Ajit are ever in a sinking boat – and you can only save one of us – swim to Ajit.”

Berkshire Hathaway’s B shares are trading lower in the after-hours session down more than 2% at $53.53 after having closed up 0.9% at $85.46 in regular trading today.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss

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Vancouver, B.C., Canada (March 31, 2011) – Reports A surprise has just been handed to Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-B). David Sokol is resigning from the company. He has been considered one of Warren Buffett’s potential heirs to run the company. Buffett swears up and down that Sokol’s resignation was a surprise and that this departure was to go create equity value and an enterprise to create value for his descendents as well as to fund his own philanthropic interests. At issue is exactly what happened in this Lubrizol Corporation (NYSE: LZ) acquisition and that Sokol had tried to resign before.

Buffett went on to discuss how Sokol owned shares in Lubrizol before he suggested that Berkshire Hathaway acquire Lubrizol Corporation (NYSE: LZ), but Buffett noted that Sokol had no decision on whether or not to acquire Lubrizol and in no way was their any legal issue in that ownership that he was aware of. Buffett also said the resignation letter press release is all he knows regarding the matter.

Buffett claims that two prior resignation attempts were made by Sokol, but this was still a surprise resignation turned in by Sokol’s assistant. Here is the replacement strategy named:

* Greg Abel, presently President and CEO of MidAmerican Holding Company, will become its Chairman;
* Todd Raba, President and CEO of Johns Manville, will become its Chairman;
* and Jordan Hansell, President of NetJets, will become its Chairman and CEO.

David Sokol had been considered at least one possible replacement for Warren Buffett when he decides to retire. Now it seems that Ajit Jain will now be considered even more of a frontrunner for the job. What Buffett said before in an annual letter: “If Charlie (Munger), I and Ajit are ever in a sinking boat – and you can only save one of us – swim to Ajit.”

Berkshire Hathaway’s B shares are trading lower in the after-hours session down more than 2% at $53.53 after having closed up 0.9% at $85.46 in regular trading today.

DLC Clearlease currently has the following employment opportunities available:

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail:
Website:
News: http://clearlease.com/category/equipment-lease-blog/feed/rss

###

Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports A surprise has just been handed to Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-B). David Sokol is resigning from the company. He has been considered one of Warren Buffett’s potential heirs to run the company. Buffett swears up and down that Sokol’s resignation was a surprise and that this departure was to go create equity value and an enterprise to create value for his descendents as well as to fund his own philanthropic interests. At issue is exactly what happened in this Lubrizol Corporation (NYSE: LZ) acquisition and that Sokol had tried to resign before.

Buffett went on to discuss how Sokol owned shares in Lubrizol before he suggested that Berkshire Hathaway acquire Lubrizol Corporation (NYSE: LZ), but Buffett noted that Sokol had no decision on whether or not to acquire Lubrizol and in no way was their any legal issue in that ownership that he was aware of. Buffett also said the resignation letter press release is all he knows regarding the matter.

Buffett claims that two prior resignation attempts were made by Sokol, but this was still a surprise resignation turned in by Sokol’s assistant. Here is the replacement strategy named:

* Greg Abel, presently President and CEO of MidAmerican Holding Company, will become its Chairman;
* Todd Raba, President and CEO of Johns Manville, will become its Chairman;
* and Jordan Hansell, President of NetJets, will become its Chairman and CEO.

David Sokol had been considered at least one possible replacement for Warren Buffett when he decides to retire. Now it seems that Ajit Jain will now be considered even more of a frontrunner for the job. What Buffett said before in an annual letter: “If Charlie (Munger), I and Ajit are ever in a sinking boat – and you can only save one of us – swim to Ajit.”

Berkshire Hathaway’s B shares are trading lower in the after-hours session down more than 2% at $53.53 after having closed up 0.9% at $85.46 in regular trading today.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss

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