Berkshire Hathaway investors to question Buffett

[April 30, 2011]  OMAHA, Neb. (AP) -- Warren Buffett says he's ready to face an arena full of Berkshire Hathaway shareholders, and he won't dodge questions about the former executive who made a questionable investment in Lubrizol stock before recommending that Berkshire buy the chemical company.

Berkshire officials estimate that as many as 40,000 people will attend Saturday's shareholder meeting in Omaha.

Buffett told the Fox Business Network before the meeting that he and Berkshire's Vice Chairman Charlie Munger will answer any question they're asked, including questions about former MidAmerican Energy Chairman David Sokol. Buffett says he will answer questions even if Berkshire's lawyer gets up and wrestles him to the ground.

Berkshire said earlier this week that Sokol violated the company's ethics policies with his Lubrizol trades. Sokol, who resigned earlier in April, denies any wrongdoing.

[Associated Press; By JOSH FUNK]

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.