Gibbs: "Nobody Has More Respect For Warren Buffett Than The President"

Author:
Bess Levin
Updated:
Jan 14, 2019
Original:
Mar 3, 2009

We don't have any particularly strong feelings about White House Press Secretary Robert Gibbs either way (though he needs to stop acknowledging the existence of CNBC*) but bubba, are you really going to come out and claim that among the rabid, insane, would lie down in the streets for WB crazies, YOUR BOSS it suspect #1? Even if it were true and, be serious, it's not, that's not the sort of thing you go bragging about. Especially now.
*Yes, *we* do this, but we're local yokels, not the White House.

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New Jersey mistresses, and trench warfare, and naked business meetings, oh my!

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On March 30, 2011, Warren Buffett penned an open letter expressing support for his former lieutenant, David Sokol, whose trading activities had been called into question. "Neither Dave nor I feel his Lubrizol purchases were in any way unlawful," Buffett wrote. Then, a month later, he told shareholders and reporters gathered at the BKR annual meeting in Omaha that, actually, Sokol was a degenerate bum; a piece of garbage that needed to be taken out, lest it stink up the place. (Actual words: "inexcusable," "inexplicable," in violation of "the company's insider-trading rules and code of ethics." Buffett added that Berkshire "had turned over some very damning evidence" re: Sokol to the Securities and Exchange Commission, to boot.) Though Sokol did not publicly respond to the comments at the time, they presumably stung quite a bit, since having your unassailable ex-boss basically call you a lowlife does not do wonders for the reputation. Now, a year later, after being informed that the SEC would not be taking action against him, is he in a Zen place about life in general and Buffett's words specifically? Are the two men cool? Could Sokol see them being friends again one day? At the very least, is he ready to laugh about them? Yes, yes he is.

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