Sokol Imposing Budget Discipline and Culture Change at Berkshire-Owned NetJets
December 6th, 2009
Ravi Nagarajan submits:
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 plans for NetJets and predicted at least break even results for 2010. In a New York Times article published Friday, some interesting details are provided regarding the management transition, Mr. Sokol’s cost cutting plans, and his overall management style. A few brief excerpts appear below.
Santulli Unhappy With Oversight from Berkshire
