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    BRK.A

BERKSHIRE HATHAWAY (BRK.A)
Mes dernières consult.
Most popular
Report
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 CET
David Sokol of MidAmerican Holdings Company speaks during the Ira W. Sohn investment research conference in New York

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
09:18a BERKSHIRE HATHAWAY : Munich Re takes majority stake in Global Aerospace
12/13 U.S. transit agencies cautious on electric buses despite bold forecasts
12/13 U.S. transit agencies cautious on electric buses despite bold forecasts
12/13 U.S. transit agencies cautious on electric buses despite bold forecasts
12/13 BERKSHIRE HATHAWAY : Specialty Insurance Opens Dublin Office, Names Cormac Mcnam..
12/11 BERKSHIRE HATHAWAY : Ken Haynes Joins Berkshire Hathaway HomeServices Hodnett Co..
12/08 BERKSHIRE HATHAWAY : Duracell Appoints Thom Lachman to CEO of the Duracell Compa..
12/08 BERKSHIRE HATHAWAY : A.M. Best Affirms Credit Ratings of Berkshire Hathaway Inc...
12/08 BERKSHIRE HATHAWAY : DeAnne Cohrs Joins Berkshire Hathaway HomeServices Hodnett ..
12/08DJInsurance Australia Inks Quota-Share Deals with Three Reinsurers
More news
News from SeekingAlpha
12/15 The Upsides And Downsides Of 4 Popular Hedging Strategies
12/14 The Next 20 Dividend Achievers Absolutely Trounce The Market
12/14 With North Korea In The Crosshairs Let's Analyze The Defense Industry
12/10 Class I Rail Traffic November 2017 Update - Rail Traffic Looking Stable With ..
12/09 Stocks to watch next week
Financials ($)
Sales 2017 242 B
EBIT 2017 24 561 M
Net income 2017 16 207 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 28,99
P/E ratio 2018 24,33
Capi. / Sales 2017 2,02x
Capi. / Sales 2018 1,99x
Capitalization 488 B
Chart BERKSHIRE HATHAWAY
Duration : Period :
Berkshire Hathaway Technical Analysis Chart | BRK.A | US0846701086 | 4-Traders
Technical analysis trends BERKSHIRE HATHAWAY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 300 900 $
Spread / Average Target 1,6%
EPS 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
Sector and Competitors
1st jan.Capitalization (M$)
BERKSHIRE HATHAWAY21.33%487 614
THE ALLSTATE CORPORATION39.40%37 307
THE TRAVELERS COMPANIES10.19%36 919
TOKIO MARINE HOLDINGS INC4.17%33 198
SAMPO OYJ6.93%29 958
MS&AD INSURANCE GROUP HOLDING INC1.57%19 499