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No tears for Sokol

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David Sokol’s well publicized departure from Berkshire Hathaway (and NetJets) came as a surprise to the financial world, but was viewed favorably by others.  Certainly, Sokol’s plans to shrink NetJets to profitability was controversial with the NetJets pilots (nearly 500 of whom are already furloughed).  In addition the massive cancelation of orders to Cessna, Hawker and Gulfstream no doubt ruffled a few feathers, as pointed out in this Aviation Week article about his departure.  I assume, though, that Embraer and Bombardier — the beneficiaries of NetJets’ change in aircraft suppliers — were less enthused to see Sokol leave.

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Written by mojofinance

April 7, 2011 at 2:56 am

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