American Scripture, Prometheus Bound, Herodotus on wealth, Apple intelligence, NetJets, Value Investor's Club, Nietzsche's world view, Are wrist watches effeminate?, Seinfeld on writing ...
In a recent interview with Aviation Week, NetJets Chairman and CEO David Sokol stated that he is "comfortable" with his previous prediction that the company will post pre-tax profits of $200 million for 2010 and that "the business should always ...
Berkshire Hathaway posted significantly higher operating profits for the third quarter of 2010 mainly due to the contribution of Burlington Northern Santa Fe, which was acquired in February, along with improved results in the company's diverse collection of economically sensitive ...
NetJets has announced a significant purchase agreement with Embraer that will add up to 125 Platinum Edition Phenom 300s to the NetJets fleet. According to a press release issued this afternoon, the agreement with Embraer is the first step in ...
While very serious, the financial situation at NetJets is only one part of the story given the controversy surrounding management changes that were made in August 2009. Mr. Buffett delegated the task of restructuring NetJets to David Sokol who has ...
Alice Schroeder has posted a letter that NetJets Chairman and CEO David Sokol sent to company employees yesterday in which he indicates that actions will be taken if "rumor mongering, deceit, and other forms of unethical behavior" persist in damaging ...
Berkshire Hathaway posted sharply higher operating profits for the second quarter of 2010 thanks to strength in the insurance operations and major improvements in the company's diverse collection of economically sensitive subsidiaries. However, quarterly net earnings declined to $1.97 billion ...
Richard Santulli, who resigned as CEO of NetJets in August 2009, has returned to the aviation industry with the launch of Milestone Aviation Group. Mr. Santulli secured initial funding of $500 million of equity capital and will serve as Chairman ...
It is rare to read about boardroom drama and controversy within the diverse group of Berkshire Hathaway subsidiaries. Warren Buffett routinely makes a point of his preference to purchase businesses that are already well run and to then leave management ...
The Island Packet, a newspaper serving the Beaufort and Hilton Head region of South Carolina, has reported that NetJets will close a regional office in Okatie, South Carolina and move most of the operation's eighty jobs to the company's headquarters ...
The Financial Times published a special report on corporate aviation in today’s newspaper which is also available as a PDF file download. The entire report is required reading for anyone following private aviation and particularly for those interested in trends ...
Warren Buffett referred to NetJets as “the major problem for Berkshire” in 2009 when reporting yearly results in his annual letter to shareholders. NetJets posted a $711 million loss in 2009 and posted aggregate pre-tax losses of $157 million during ...
In a wide ranging interview with CNBC prior to today’s special meeting of Berkshire Hathaway shareholders, David Sokol comments on prospects for NetJets in 2010, the housing market, climate regulation, and clues regarding the economy based on electricity consumption. Read ...
I [Sokol at NetJets] n a recent interview with The Columbus Dispatch, NetJets Chairman and CEO David Sokol predicts that the company will be profitable this year and no further staffing reductions will be required "barring any major shifts in ...
The Financial Times has reported that a rival of Berkshire Hathaway's NetJets subsidiary will expand its presence in the global private jet market. Switzerland based VistaJet has hired Robert Hersov, a former executive from NetJets Europe. The company also announced ...
More details are emerging regarding the management transition at NetJets earlier this year when David Sokol was named Chairman and CEO after Richard Santulli’s unexpected resignation. Last month, Mr. Sokol granted an interview with The Columbus Dispatch regarding his turnaround ...
NetJets has had management turnover with the abrupt resignation of Richard Santulli in August which was followed by David Sokol assuming the Chairman and CEO roles. Mr. Sokol has also been mentioned as a potential future CEO at Berkshire Hathaway ...
Berkshire Hathaway reported results for the third quarter following the close of trading today. Operating earnings per share were nearly flat at $1,325 per A share, down slightly from $1,335 in the third quarter of 2008. Operating earnings per share ...
Berkshire Hathaway reported results for the second quarter following the close of trading today. Operating earnings per share declined 21.7% to $1,147 per A share, down from $1,465 in the second quarter of 2008. Operating earnings per share for the ...
In the video contained in this post, CNBC's David Faber interviews Andrew Zarrow, V1 Jets International CEO. It seems like many of the trends discussed by Richard Santulli earlier in the week are confirmed in this interview in terms of ...