Swiss Re CEO quits following Buffett deal

Swiss Re CEO quits following Buffett deal
Shares rise as deputy chief takes over top position

LONDON (MarketWatch) -- Troubled reinsurance group Swiss Re said Thursday that its CEO Jacques Aigrain has resigned following the group's recent capital injection from Warren Buffett's Berkshire Hathaway. Aigrain has been replaced by deputy CEO and Chief Operating Officer Stefan Lippe with immediate effect, the firm said.
"Having taken measures to reinforce the group's capital strength and further de-risk its investment portfolio, the interests of Swiss Re (CH:RUKN: news , chart , profile ) are now best served by a change in executive leadership," Aigrain said in a statement.

The Silver Lining at Berkshire Hathaway By ANDREW BARY

IT'S BEEN A CHALLENGING YEAR at Berkshire Hathaway (ticker: BRKA).

While Chief Executive Warren Buffett has made a slew of savvy preferred stock and corporate-bond investments, the company's famed portfolio of stocks has been slammed in the ongoing bear market.

So far this year, Berkshire's class A shares have slumped 20% to $77,500, near the lowest level in five years and just over half the stock's peak reached in late 2007.

Like to thank Andrew Bary for this info.

Im still thinking Strong HOLD Not much will come of this if Buffet is whacked out of his head or not. Buffet made the bet and Made the money and that's why it comes down to you. I don't say that about any of the stocks I blog about but this one. :)


Good Luck my baby birds

THE BRK is stronger then the bite

Im putting a strong hold on this for now. More info is needed as we step in to this discussion of a scam or no scam * Ponzi related Rumors are rumors and with this stock rumors dont really effect like the rest. WB has done a lot and the economy as we all know is hurting so for it to be down with the rest just shows WARREN BUFFET is human. SO no hate can be directed to him as far as im concerned


As in other deals he has secured, the terms with the battered Swiss insurer seem unbelievably sweet. Buffett's Berkshire Hathaway Inc. (BRK.A:
Berkshire Hathaway Inc. WB will buy 3 billion francs in convertible notes that pay an annual interest rate of 12% and will be convertible into shares after three years at a price of 25 francs a share, subject to anti-dilution adjustments.

brk buffet set-up?

Shares of Berkshire Hathaway are upgraded by a Fox-Pitt Kelton analyst who believes the financial crisis will give Warren Buffett’s insurance-focused conglomerate the chance to acquire more businesses and benefit from a stabilizing reinsurance market.



Still in a very good buy phase

Buffet wants privacy Give it to him he managed so far and WITH OUT screwing people I might add. If a million Buffets ran around it would kill the economy even more so let just have one keep his secret.

HEAVY BUY

BARK for BRK HIGH BUY

HIGH Buy in for Berkshire Hathaway Inc. Today the attractive price and up coming regulations seen in march should be a great tell for BRK. We place a heavy buy order and a little luck is needed to push this baby.

An analyst on Monday upgraded shares of Berkshire Hathaway Inc., saying billionaire Warren Buffett's company has ample cash to take advantage of buying opportunities for currently cheap stocks.

http://www.forbes.com/feeds/ap/2009/02/23/ap6082889.html