Reply #10: David Sokol Had Way More Discussions With Lubrizol's Bankers

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http://www.businessinsider.com/details-emerge-in-berkshire-deal-that-led-to-resignation-2011-4

David Sokol had more conversations with Brazil's bankers at Citigroup "than previously disclosed," it turns out.

A Lubrizol proxy filing reveals that Sokol was informed by Citi bankers as early as December 17 -- before he bought a second round of shares in the chemical company -- that the Lubrizol board was going to discuss Berkshire Hathaway's interest in buying the company.

Sokol, one of Warren Buffett's top executives and long considered a top contender to succeed the Berkshire chief, suddenly resigned from the company last month. He'd bought thousands of shares in Lubrizol before Berkshire acquired it for $9 billion and earned $3 million as a result of the trades.


Read more: http://www.businessinsider.com/details-emerge-in-berkshire-deal-that-led-to-resignation-2011-4#ixzz1JJ8ETcyy