Last month, the news broke that David Sokol, who was Warren Buffett’s presumed heir apparent at Berkshire Hathaway Inc., made $3 million from Lubrizol Corp. stock purchases while he was pushing Buffett to buy the company.
In the statement announcing Sokol’s resignation, Buffett downplayed the importance of front-running Lubrizol stock, excusing Sokol on the grounds that he did nothing “unlawful.” That, wrote Buffett, was all he planned to say on the subject -- until yesterday.
