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Wednesday, April 7, 2010 as of 11:14 AM ET

  • January 13, 2011 12:56 PM UTC by Liz Claman

    Buffett's 'Bailout' Guy: A Fox Business Exclusive w/ David Sokol

    He’s a self-described ‘kid from Omaha’ who grew up to be a force in the world of business, a turnaround specialist who, at the height of the recession, took the reins of arguably the toughest business outside of housing and actually fixed it in record time.

    I could be talking about Warren Buffett, who, in the ’60’s bought a floundering textile company and turned it into one of the most succesful conglomerate holding companies in the world.

    But I’m not.

    I’m talking about David Sokol, the man who works for Warren Buffett.  He runs two Buffett businesses: MidAmerican Energy and NetJets.

    It was NetJets that was truly stumbling during the Recession, buckling under the weight of nearly $2 billion in debt and an atmosphere that demonized anyone who used a private jet.  At the time, it was being run by Richard Santulli. Santulli, a former Goldman Sachs guy, had founded the company and had sold it to Buffett but continued to be in charge.  By mid-2009, NetJets was in trouble.  Big trouble. Now, this is a business Buffett likes a lot. He clearly thought that, with the right leadership, it could be turned around. He quickly installed Sokol, one of his favorite managers and boom, the engines starting revving. 

    How is the private jet business now? And what about energy, which Sokol also deals with on a daily basis? We talk about all that and more with him. 

    Buffett is frugal with his money AND with his compliments.  He never throws either around, so when he says things like, “Dave Sokol bailed me out” when it comes to NetJets, you really ought to get to know Sokol a bit better. 

    Please listen to both clips.. you’ll get more of a sense of who Sokol is… and why he’s often talked about as the man who will eventually run Berkshire when Buffett steps down. (but don’t hold your breath for *that*… Buffett has told me he’ll stay as long as he can!) 


    Automotive Dealerships Benefit from Dealer Synergy – FranklinCovey Strategic Partnership.

    Journal of Transportation January 24, 2009 Dealer Synergy and FranklinCovey are pleased to announce a strategic partnership to serve the unique needs of automotive dealerships. Sean V. Bradley, CEO and Founder of Dealer Synergy, nationally recognized sales trainer for the automotive industry and Karen Uriarte, Vice President of Dealer Synergy have completed the rigorous process to become certified FranklinCovey trainers.

    As the only official partner in the automotive training area of the FranklinCovey Management & Organization Solutions Group, Dealer Synergy is now poised to bring all the dynamic principles of “The 7 Habits of Highly Effective People” to automotive retail leaders, managers and sales professionals in this highly charged competitive landscape. Dealerships that lack strong organizational and motivational skills will be at a distinct disadvantage in the market. here 7 habits of highly effective people

    Sean V. Bradley said, “We all know the auto industry is clearly going through a rough year ahead, and that dealerships looking to maintain momentum need to focus now more than ever on the daily tasks at hand. With the FranklinCovey program we share with dealers a totally new and powerful way to be successful and offer team members a way to build positive habits that will serve them well in this environment.” The book, “The 7 Habits of Highly Effective People,” written by Dr. Stephen R. Covey has sold more than 15 million copies worldwide and is regarded as one of the most powerful business books ever written. In 2009, Dealer Synergy will be focusing on sharing the most powerful training, consulting and leadership strategies from this book with auto dealers to not only help them survive a very tough year, but to thrive under these current market conditions.

    Auto retailers clearly need to work on building leadership traits and time management principles that have helped thousands of businesses succeed and need training to continually develop strong teams within dealerships. Laying a foundation of taking proactive steps will better prepare auto dealers to maintain profits, retain valued employees and then be better prepared for the financial turnaround that will be coming later in the year. in our site 7 habits of highly effective people

    Sean V. Bradley and Dealer Synergy have been recognized for their efforts in the industry and in 2008 they received the AutoDealer Monthly Platinum Award for the Best Automotive Internet Sales Training Company. Adding “The 7 Habits of Highly Effective People Program” to their existing Internet Sales and BDC training curriculum makes their programs even more valuable for dealers.

    Dealers attending the 2009 NADA Convention in New Orleans can see Sean V. Bradley in action, as he will be a speaker at the New Orleans event being held on January 24 – 27, 2009.

about this blog

  • Liz Claman joined FOX Business Network (FBN) as an anchor in October 2007. Her debut included an exclusive interview with Berkshire Hathaway CEO and legendary investor Warren Buffett.

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