Joseph Brandon resigned his position as chief executive of Berkshire Hathaway’s General Re insurance group this week.
Fraud convictions of four of your former executives will do that to you.
This would be a major blow to Brandon, who many had pegged as a prime contender for the top job at Berkshire Hathaway when Warren Buffett finally decides to hang up his spurs.
Get the details on the Brandon departure via Portfolio.com. Also, note the quote love for Daily Caveat friend-of-the-blog, Professor Peter Henning of the
White Collar Prime Prof Blog.
-- MDT
Labels: Berkshire Hathaway Warren Buffet, General Re, Joseph Brandon, Peter Henning
Good stuff from the Hartford Courant.The big sexy question is whether Warren Buffet himself with be called to testify.
-- MDT
Labels: AIG, Berkshire Hathaway Warren Buffet, General Re
Not exactly good news for Team Warren Buffet. The records have been requested in connection with the criminal prosecution - and looming trial - of General Re's former chief executive, Ronald Ferguson.
-- MDT
Labels: AIG, Berkshire Hathaway Warren Buffet, General Re, Ronald Ferguson