Janet Tavakoli: Buffettgate

Janet Tavakoli posted at Huffington Post on the lax ethical environment at Berkshire Hathaway as evidenced by the circumstances under which David Sokol recently left the company.

"Berkshire Hathaway has a bigger problem than Sokol's actions. Its reputation has revolved around the lip-service paid by Warren Buffett to a high standard of corporate governance. His actions and attitude to this matter raise serious questions for the future of Berkshire Hathaway."

Buffettgate: Berkshire Hathaway's Problem at the Top

Cullen Roche of Pragmatic Capitalism agrees.

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UPDATE: Vitaliy Katsenelson clarifies at Zero Hedge:

Buffett, Sokol, Caesar’s wife must be above suspicion

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WAIT! It gets exponentially worse:

Forget David Sokol, Is The SEC About To Tell Charlie Munger To "Suck It In"?

"Since 2008 there are many instances of Munger and Buffet talking up BYD. But there is no reference, no disclosure, no evidence that Munger has a personal 3% stake in the company that at times was worth close to $1 billion dollars."