Why Is David Sokol So Interested in Middleburg Financial?
Ravi Nagarajan submits:
Middleburg Financial Corporation (MBRG) is a small bank holding company with primary operations in the western suburbs of Washington D.C. The bank’s headquarters are in Middleburg, Virginia. Over the past two years, David Sokol has accumulated nearly twenty percent of the bank’s outstanding shares in his personal accounts. Mr. Sokol is Chairman of MidAmerican Energy Holdings (MDPWK.PK) and Chairman and CEO of NetJets, both of which are subsidiaries of Berkshire Hathaway (BRK.A). Since Mr. Sokol is often mentioned as a potential future CEO of Berkshire Hathaway and would be responsible for allocation of capital, we found it interesting to learn of his significant personal investment in Middleburg Financial and decided to take a closer look.
Middleburg: The Heart of Virginia Hunt Country
Investing, Long Term Investment, stock market | admin March 28, 2010
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