The most serious complaint focused on the accounting for a Chinese by MidAmerican Energy, where Mr Sokol Chief Executive, was when it bought Berkshire in 1999.
In a complaint last year ruled the judge in this case, that MidAmerican had incorrectly changed your accounting on the project and Mr Sokol directly criticized. The change in accounting "was intended to eliminate the minority interests", wrote the judge, allocation of more than $ 32 million to the minority shareholders. The case was more than five years its way through the courts work done. Expressed during this time E. Warren Buffett, the Chief Executive of Berkshire, Netjets by the extension include its portfolio of MidAmerican confidence in Mr Sokol, a company, the broken sold use of private planes.
After Mr. Sokol Netjets July 2009 took over, some critics complained about his management style and his strategy for the company, which has more severe damage even before the financial crisis to shrink alling was had.
Led by Mr Sokol aircraft company filed lawsuit in November last year seeking to learn, which employees information with Alice Schroeder, the author of "the snowball," the best-selling biography of Mr Buffett had made. Mrs Schr?der went back, provide the information and her lawyer characterized the action as a witch hunt. The lawsuit was dropped on Monday.
"The lawsuits would have" yellow lights: if not danger signals, at least warning sign, "Mrs Schr?der said in an interview on Monday."Disputes in the business are common, but these two talk scramble on the integrity of management, not just ordinary business. "
Some others have Mr Sokol hard - load style as also challenged. Michael Lissack, who an investment banker with Smith Barney was the late of 1980s, worked with Mr. Sokol, if he Ogden projects, the resource recovery the Ogden Corporation ran.
He is Mr. Sokol as "very bright", but sometimes his motivation asked. "There is nothing wrong with be hard," said Mr Lissack. "There is something wrong with only looking out for no. 1 if you pretend to be a team player."
The Netjets suit was dropped, less than a week after Mr. Sokol said that he had resigned from Berkshire, which confirmed that he had owned shares of the Lubrizol, a specialty chemicals company, before Berkshire would announced that it will acquire the company.
Investment bankers talked to Mr Sokol Lubrizol as a potential takeover target. In January Mr Sokol about $10 million in shares of Lubrizol accumulated and had a conversation with Lubrizol's Chief Executive. Mr Sokol then the company that Mr. Buffett promoted, Mr. Buffett has said.
Two months later, when Berkshire agreed to buy the company, Mr. Sokol increased share value of about $3 million.
After the resignation, Mr Buffett said that he did not believe that the purchases were illegal. He also said that they were made before Mr Sokol Lubrizol with Mr Buffett, had discussed, so that he could have unknown, whether Mr Buffett would be in favor of a deal.
Netjets Mr Sokol a hard task because of the recession and bloated, because by most accounts, which had grown companies. Mrs Schr?der, the Berkshire and its companies has noticed that Netjets had shown improvement, but added that public information was limited, because the company was a tiny part of Berkshire.
Netjets case "claimed that some employees or at least an employee, had violated his or her confidentiality agreement with Netjets by an internal E-mail from Mr Sokol routing, distributed to more than 2,000 employees of the company," Cameron Stracher, consultant Levine, Sullivan said, Koch & Schulz, the company, is the wife of Schroeder.
January, the company began a process in Mrs Schroeder's home state of Connecticut to her, their sources produce subpoena. ", Get an E-mail that company was distributed to sue is clearly a witch hunt," said Mr Stracher.
Michele L. noble, partner of Thompson Hine, the company, the Netjets, said that they not on decision of the company, withdraw its complaint to comment. Mr Sokol-e-mails not back, and a company spokeswoman declined to position take.
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