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