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 news 

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, 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.
12/07 BERKSHIRE HATHAWAY : Burgess-Taylor named CEO at Fruit of the Loom
12/06 BERKSHIRE HATHAWAY : Buffett's Berkshire could get a $29bn Donald Trump tax boos..
12/02 Buffett's Berkshire is urged to sell fossil fuel stocks
12/01 BERKSHIRE HATHAWAY : Toy for Tots donations sought
11/29 BERKSHIRE HATHAWAY : Fruit of the Loom CEO Medlin passes away
11/25 INTERNATIONAL BUSINESS MACHINES : Buffett’s surprise investment in Apple h..
11/22 BERKSHIRE HATHAWAY : HomeServices Receives International Training Recognition
11/22 BERKSHIRE HATHAWAY : Mars to Acquire Remaining Stake in Wm. Wrigley from Berkshi..
11/20 BERKSHIRE HATHAWAY : $116b cash ‘ a lot of ammo’ for Buffett
11/19 GRAPEVINE : A Journey to India
More news
Sector news : Property & Casualty Insurance - NEC
05:46aDJAsian Shares Lifted by Record Wall Street Close
12/02DJQ Technology Raises HK$156 Million by Placing Shares to PICC, Value Partners'..
11/30 Impact on insurers from Britain's vote to leave the EU
11/29DJALLSTATE : to Acquire Squaretrade in $1.4 Billion Deal
11/23 UK raises insurance premium tax to 12 percent
More sector news : Property & Casualty Insurance - NEC
News from SeekingAlpha
12/07 The Brutal Truth For The Followers Of Buffett's Investment Philosophy
12/07 VW, Standard Chartered, And Berkshire Hathaway Lead Corporate CDS Trading Vol..
12/06 THE TARIFF BATTLE : Second Battleground Of The Solar Wars
12/05 Trump tax plan a boost to Berkshire - Barlcays
12/05 J&J Target Offers Over 20% Upside
Advertisement
Financials ($)
Sales 2016 221 658 M
EBIT 2016 15 177 M
Net income 2016 22 124 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 19,45
P/E ratio 2017 20,41
Capi. / Sales 2016 1,83x
Capi. / Sales 2017 1,77x
Capitalization 404 532 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
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 240 500 $
Spread / Average Target -2,4%
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..24.56%404 532
TOKIO MARINE HOLDINGS ..9.88%34 343
TRAVELERS COMPANIES IN..4.55%33 516
ALLSTATE CORP15.40%26 385
SAMPO OYJ-11.11%26 351
MS&AD INSURANCE GROUP ..4.31%20 488
More Results