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Evidence receipt / uncertainty

Published · transcript-backed

David Rosenthal: uncertainty

7 Jun 2021 Acquired Berkshire Hathaway Part III

“The problem was that after they started negotiating to buy the company and David I think was involved in the negotiations, he kept buying in knowing that this was going on definitely, I don't know.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
uncertainty
Recorded
7 Jun 2021
Publisher
Acquired

Transcript context

…It’s a publicly traded company before. It’s a publicly traded company before Berkshire acquired it. He personally bought shares in the company and then suggested to Warren that Warren look into buying the company as a whole. That in itself isn't that bad. It’s like, hey, I’m personally invested in this company, I think it's great. The problem was that after they started negotiating to buy the company and David I think was involved in the negotiations, he kept buying in knowing that this was going on definitely, I don't know. He didn't end up being prosecuted or went to jail or anything, but once all this comes out, Buffett fires him or he leaves Berkshire. Buffett makes statements that he can't believe that this happened and he can't understand why David did it. That leaves the new name in the envelope, so to speak, as David's former number two, now number one in the energy business Greg Abel. Who also came over in the mid-American energy acquisition?…

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