Mar

31

A First, from Ken Drees

March 31, 2011 |

 I never saw a resigned CEO on fin tv before doing some "splainen"– Sokol. Nice of them to invite him on.

Victor Niederhoffer writes:

What was his explanation for those who don't have the luxury of a tv? Did it seem to be favorable to the sage by indirection? Or seem to indicate that it's the kind of thing that the sage wouldn't do (any more)?

Ken Drees writes:

It was pro buff– and you would have like the analogy used by the talking heads– buff wouldn't have anyone on his staff that wasn't playing directly in the field of play, a tennis analogy that he doesn't tolerate behavior in the organization that is even close to the line but in play. So the dealings by Sokol in lub stock were technically ok, but really not up to full standards of mount st buffet and really it had nothing to do with him "resigning" anyway.

So why all the chatter about the stock dealings if it didn't matter? Sokol wants to be a mini buff now career wise. Thank goodness he didn't resign to spend more time with his kids. The whole thing is odd.


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  1. Vincenzo on April 2, 2011 4:29 pm

    I would find it interesting to see Dave Sokol’s other investments identified. Was this impulsive $10 million investment a tiny portion of his portfolio or a massive one. Did he buy stock in any of the other 17 chemical companies Citibank was pitching? Has he done this before, perhaps with BYD or Burlington?

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