Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Berkshire Hathaway Inc.    BRK.A

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Ex-Berkshire exec Sokol to get $1 mln a year in retirement pay

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/29/2012 | 04:54am CEST

David Sokol, who left Berkshire Hathaway (>> Berkshire Hathaway Inc.) last year amid a scandal over his stock trading while at the company, would receive about $1 million in retirement payments every year, according to a regulatory filing.

David Sokol, who left Berkshire Hathaway (>> Berkshire Hathaway Inc.) last year amid a scandal over his stock trading while at the company, would receive about $1 million in retirement payments every year, according to a regulatory filing.

Sokol received $750,000 in 2011 as part of supplemental executive retirement plan, or SERP, the filing showed.

"Sokol's post-termination SERP benefit is $1 million annually, paid in monthly installments. He elected a one-time lump sum payment of his MidAmerican Energy Company Retirement Plan benefit of $301,687, which was paid to him on May 1, 2011," MidAmerican said in the filing.

Sokol, who once chaired Berkshire's MidAmerican Energy unit, ran its NetJets plane leasing unit, and was a top Warren Buffett deal maker, was considered a leading contender to succeed Buffett as Berkshire's chief executive.

However, last year Buffett said Sokol had violated Berkshire insider trading rules by failing to disclose his purchase of Lubrizol shares, less than four weeks after starting talks with Citigroup Inc (>> Citigroup Inc.) bankers about the company.

Buffett told investors on Saturday the Berkshire board has identified his successor as chief executive, but did not disclose who.

Sokol received $231,250 as base salary in 2011 and his total compensation for the year amounted to $10.4 million, including a $10.1 million change in pension value, the latest filing showed.

(Reporting by Sakthi Prasad; Editing by Muralikumar Anantharaman)

Stocks treated in this article : Berkshire Hathaway Inc., Citigroup Inc.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BERKSHIRE HATHAWAY INC.
04/21 Q&A : Hanna Real Estate set sights on Buffalo in '90s
04/20 TESLA : bills stall, Lege weighs loophole for Buffett
04/17 WARREN BUFFETT : Buffett's Berkshire, Chinese property website Juwai.com team up
04/15 BERKSHIRE HATHAWAY : sheds Wells Fargo shares Berkshire Hathaway keeps ownership..
04/13 BERKSHIRE HATHAWAY : sells shares in Wells to push its stake below 10%
04/13 Wells Fargo's profit flat as costs, mortgages weigh
04/13 BERKSHIRE HATHAWAY : Warren Buffett Pulling Out Of Wells Fargo Rather Slowly And..
04/12 BERKSHIRE HATHAWAY : Buffett's firm selling some of its Wells Fargo shares
04/12 BERKSHIRE HATHAWAY : News Release
04/12DJBERKSHIRE HATHAWAY : to Sell Nine Million Wells Fargo Shares
More news
Sector news : Property & Casualty Insurance - NEC
04/11DJLOEWS : Seeking a Business That Can't Be Disrupted, Pays $1.2 Billion to Buy Bai..
04/05DJINSURANCE AUSTRALIA : Pegs Cyclone Debbie Claim Costs at $106 Million
04/03 AIG morale could spook talent, curb turnaround plan - UBS report
03/28DJSAMPO OYJ SAMPO PLC : Disclosure Under Chapter 9 Section 5 Of The Securities Mar..
03/27 Factbox - Impact on insurers from Britain's vote to leave the EU
More sector news : Property & Casualty Insurance - NEC
News from SeekingAlpha
04/24 Kansas City Southern Posts Strong Results; What's With The Stock Price Declin..
04/24 IBM : One Question For Mr. Buffett
04/23 CSX Multiple Expansion - A Catalyst For Class I Peers?
04/21 What Some Very Smart Hedge Fund Managers Are Saying About This Market!
04/20 Is The Amana Growth Fund The Perfect Mutual Fund?
Advertisement
Financials ($)
Sales 2017 233 458 M
EBIT 2017 19 424 M
Net income 2017 18 505 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 21,82
P/E ratio 2018 20,17
Capi. / Sales 2017 1,73x
Capi. / Sales 2018 1,70x
Capitalization 403 434 M
More Financials
Chart BERKSHIRE HATHAWAY INC.
Duration : Period :
Berkshire Hathaway Inc. Technical Analysis Chart | BRK.A | US0846701086 | 4-Traders
Full-screen chart
Technical analysis trends BERKSHIRE HATHAWA...
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 282 350 $
Spread / Average Target 15%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Warren Edward Buffett Chairman & Chief Executive Officer
Marc D. Hamburg Chief Financial Officer & Senior Vice President
Charles Thomas Munger Vice Chairman
David Sanford Gottesman Independent Director
Walter Scott Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BERKSHIRE HATHAWAY INC..0.59%403 434
TRAVELERS COMPANIES IN..-2.71%33 278
TOKIO MARINE HOLDINGS ..-3.85%31 830
ALLSTATE CORP7.57%29 118
SAMPO OYJ6.27%27 124
MS&AD INSURANCE GROUP ..-3.09%20 374
More Results