Alice Schroeder was born on December 14,1956 and is an American executive, financial journalist, and author who was Berkshire Hathaway's leading sell-side insurance analyst at Morgan Stanley and later became Warren Buffett's appointed biographer.
17 Facts About Alice Schroeder
Since 2008, Alice Schroeder has worked as a columnist for Bloomberg News.
Alice Schroeder received a BBA in finance and an MBA from the McCombs School of Business at the University of Texas at Austin in 1978 and 1980.
From 1980 to 1991, Alice Schroeder worked as a CPA at Ernst and Young, starting in Houston.
In 1991 Alice Schroeder became a project manager for the Financial Accounting Standards Board of the Financial Accounting Foundation in Norwalk, Connecticut.
When Maurice R Greenberg was terminated from AIG at the insistence of New York State Attorney General Eliot Spitzer, five employees of General Re and AIG were indicted in connection with an accounting fraud at AIG that overstated reserves in this and subsequent quarters, the accounting rules violated were those Schroeder oversaw as an FASB project manager.
Alice Schroeder testified as an expert witness about accounting for finite risk reinsurance at this federal criminal conspiracy trial in Hartford, Connecticut.
In 1998 Alice Schroeder wrote Warren Buffett a letter requesting a meeting for her clients about Berkshire's recent acquisition of the reinsurer General Re, which she covered.
Alice Schroeder then initiated coverage of the hard-to-analyze Berkshire Hathaway in a widely-admired report.
Alice Schroeder was voted one of Business Insurance magazine's "Rising Stars".
In 2003, Alice Schroeder has reported that an investment writer approached her to jointly write a book about Warren Buffett and corporate governance.
Alice Schroeder felt this was not the right book and discussed another idea with Buffett, who offered to cooperate with her if she wrote a more comprehensive book.
Alice Schroeder spent approximately 2,000 hours with Buffett and interviewed 250 other people.
Alice Schroeder reportedly received a $7 million book contract for publishing The Snowball.
Alice Schroeder canceled the yearly dinner Schroeder hosted in Omaha at which she interviewed him before nearly two hundred people.
Alice Schroeder gave Schroeder's team an early draft and suggested they downgrade MBIA, but they initially resisted.
On November 30,2009, Alice Schroeder published an opinion piece on Bloomberg News stating that several Goldman Sachs bankers, in a show of prescience about potential social unrest, had obtained pistol permits.