NetJets chief Sokol resigns unexpecte...

NetJets chief Sokol resigns unexpectedly from roles with Berkshire Hathaway | The Columbus Dispatch

There are 18 comments on the Columbus Dispatch story from Mar 30, 2011, titled NetJets chief Sokol resigns unexpectedly from roles with Berkshire Hathaway | The Columbus Dispatch. In it, Columbus Dispatch reports that:

David L. Sokol, the Berkshire Hathaway manager charged with the turnaround of NetJets since August 2009, has resigned abruptly from the Warren Buffett-controlled company.

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5cents

Columbus, OH

#1 Mar 30, 2011
Raw if I get Played easily
can i have my job back

Springfield, OH

#2 Mar 30, 2011
when the going gets tough the tough quit. dont let the door hit ya ds
Paul Gabriel

Columbus, OH

#3 Mar 30, 2011
I'm sorry to see him go. I know firsthand of his generosity to our community and that he did not want publicity for it. He will be missed.
tom

Jackson, OH

#4 Mar 30, 2011
Sounds like somebody got caught.
vox jox

Dublin, OH

#5 Mar 30, 2011
Sounds like an SEC investigation might be coming down the pike??
This guy is too good to quit. Maybe protecting Buffett?
Is everyone going Charlie Sheen? Next big shocker--Kasich will start standing up for poor people. Then we will know for sure the radiation has arrived in Ohio.
Smells funny

Grove City, OH

#6 Mar 30, 2011
Buy's the stock before Buffet's company takes over the company--sounds like insider trading--let's see if he will do time like Martha Stewart!
Reality Check

Pickerington, OH

#7 Mar 30, 2011
Yes buffett is a great investor, would he have been even "greater" if he had not dismissed the who technology/internet revolution?
Bridge 4 sale 4 cheap

Columbus, OH

#8 Mar 30, 2011
Berkshire's $9 billion purchase of Lubrizol was announced March 14. Buffett said he and Sokol believe the purchases were not "in any way unlawful," and said Sokol indicated the purchases were "not a factor in his decision to resign."
manbearpig

Springfield, OH

#9 Mar 30, 2011
sokol is good at cutting costs from what i hear he cut too deep at netjets and the product is suffering maybe it was time for a change since an expensive service like netjets cant be run with the bare minimum
Behave

New Albany, OH

#10 Mar 30, 2011
Was this guy a character in the movie, "Austin Powers?"
Family Guy

Bucyrus, OH

#11 Mar 30, 2011
I smell a scandal.
Unsilent Majority

Frisco, TX

#12 Mar 30, 2011
It's a real shame that Buffett let this man push out industry veterans like Jim Christiansen and John Colucci. Now a 40 year old lawyer is the CEO. NetJets is a shadow of it's former glory and the brand has been irreparably damaged since Richard Santulli left.
The Economist

Pickerington, OH

#13 Mar 30, 2011
Unsilent Majority wrote:
It's a real shame that Buffett let this man push out industry veterans like Jim Christiansen and John Colucci. Now a 40 year old lawyer is the CEO. NetJets is a shadow of it's former glory and the brand has been irreparably damaged since Richard Santulli left.
santulli ran the company into the ground, and sokol returned NJ to consistent profitability. doesnt sound like damage to me.
I Heart Kasich

Pickerington, OH

#14 Mar 30, 2011
Paul Gabriel wrote:
I'm sorry to see him go. I know firsthand of his generosity to our community and that he did not want publicity for it. He will be missed.
Oh, you mean like his cancellation of the Pelatonia donation?
Unsilent Majority

Frisco, TX

#15 Mar 30, 2011
The Economist wrote:
<quoted text>
santulli ran the company into the ground, and sokol returned NJ to consistent profitability. doesnt sound like damage to me.
Operational profit is a far cry from long term net growth. It will be interesting to see the churn rate for existing owners up for renewal over the next 12 months. My guess is there will be a lot more used aircraft on the market when owners leave in droves for charter and cheaper competitors.

Berkshire's name has been dropped so many times to sell NetJets over the last two years that one day it's not going to bounce back up to close deals any more.
Truth

Dublin, OH

#16 Mar 31, 2011
Too bad we don't see a similar attempt at protecting integrity at the state university in town.
corporate

Columbus, OH

#17 Mar 31, 2011
insider trading is GREED.
Wait and see

Columbus, OH

#19 Apr 2, 2011
Hey Economist, one year is not "consistent" profitability. You can only cut costs so long and still make a profit.

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