David Sokol has abruptly resigned from Berkshire Hathaway, the company run by the billionaire Warren E. Buffett, raising major questions about the future stewardship of the conglomerate.
Mr. Sokol, 54, was long considered to be a leading candidate to take over from Mr. Buffett, now 80. The question of succession has been a concern to Berkshire's investors and the many avid followers of Mr. Buffett, who has said he has no plans to step aside anytime soon. The company has given few clues about its plan other than to say it has identified four current Berkshire managers who could become the next chief executive. Now that game plan may have to be tweaked.
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Comment: No-one can match Buffett as an investor.
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