Former Berkshire Hathaway executive David Sokol on Thursday said he did nothing wrong in buying stock in a company that he then suggested Berkshire acquire. Sokol, who was seen as the most likely successor to Berkshire Hathaway CEO Warren Buffett, made his comments on CNBC. Buffett released a letter Wednesday disclosing that Sokol bought a substantial stake in Lubrizol Corp before urging Buffett to acquire the company, which the "Oracle of Omaha" did this month.(Reporting by Ben Berkowitz; Editing by Derek Caney)
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