Berkshire falls 2% after Sokol departure

The departure of Warren Buffet's ‘heir apparent' from Berkshire Hathaway shaved over 2% of the company's share price.

David Sokol, the man considered to be the most likely candidate to succeed Warren Buffett as chief of Berkshire Hathaway, unexpectedly resigned yesterday. Class A shares dropped by 2.2%, slicing billions off the value of the company's market capitalisation, according to the FT. Sokol has previously found himself at the centre of controversy after purchasing shares in Lubrizol, which was later acquired by Berkshire, the Guardian reports. However, Buffett has denied the purchase had anything to do with the resignation and says Sokol had told him he owned shares in the chemical compan...