Buffett Faces Grilling As Watchdog Probes Aig

Summary


RENOWNED investor Warren Buffett is to be grilled by US regulators today over what he and others in his Berkshire Hathaway company knew about a contentious deal between its General Re and insurance giant American International Group.

But while the interview is a blow to the prestige of the long- time champion of the highest standards of corporate governance, AIG's former chairman and chief executive Maurice Greenberg is seen as the real target of the investigation by the Securities and Exchange Commission.

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Extract


Buffett Faces Grilling As Watchdog Probes Aig

The SEC is investigating some 20 transactions between the two companies it says may have been u...

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