Former Berkshire Hathaway executive David Sokol spoke with FOX Business Network’s (FBN) Liz Claman about the Securities and Exchange Commission’s (SEC) decision to drop insider charges against him. Sokol said, “I am thrilled that the SEC made the conclusion they did,” and that, “It’s odd when you get that phone call where they say you didn’t do what you know you didn’t do.”
On being cleared of insider trading charges by the Securities and Exchange Commission (SEC):
“It’s odd when you get that phone call where they say you didn’t do what you know you didn’t do. I am thrilled that the SEC made the conclusion they did. The SEC did their job. They interviewed a zillion people and asked for tons of documents. I gave them everything they asked for, told them they can have everything they want, going back to since I was a child.”
On whether he was pushed to resign from Berkshire Hathaway Inc. (BRK.A) (BRK.B) in 2011:
“It unconditionally was my decision to leave. Listen, I tried to resign two years before. My only mistake in all this is that I should have resigned then, and not two years later.”
On whether he has spoken with BerkshireHathaway Inc. (BRK.A) (BRK.B) CEO Warren Buffett since being cleared
“I have not spoken to Warren Buffett.”
On running Teton Capital:
“I couldn’t be happier with life as it exists now.”
