Thursday, March 09, 2006

Open Question to SEC about Berkshire Hathaway

In the context of Reg FD I am under the belief that when there is a material event there must be fair disclosure, hence REG FD. If a major publicly traded company appoints a new President Reg FD should kick in and the new individual should be announced. Berkshire Hathaway appears to have selected a new President. Board approval has been received. The investing public is being specifically excluded from knowing who this individual is. Is this a violation of securities laws and regulation?