On today’s edition of “MarketFoolery,” the new daily podcast from The Motley Fool:
David Sokol, once considered a possible successor to Warren Buffett as CEO of Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B), has resigned, following revelations that he bought $10 million in shares of Lubrizol just days before he recommended that Buffett buy the chemicals company. Our analysts weigh in with their reactions, as well as answering questions like:
- Is this all there is to the story for Sokol, or are there more shoes to drop?
- How much damage has been done to Buffett’s and Berkshire’s reputation in the past 24 hours?
- Who is the likely successor to Buffett now?
