Alice D. Schroeder (born December 14, 1956) 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.
Her projects focused on ending abusive insurance industry accounting practices primarily due to the use of finite risk transfer contracts, an issue which later became central to the criminal allegation faced by employees of AIG and Berkshire Hathaway-owned General Re,.
[6] She testified as an expert witness about accounting for finite risk reinsurance at this federal criminal conspiracy trial in Hartford, Connecticut.
[8] Former AIG CEO Greenberg and CFO Howie Smith disputed in court whether the New York AG had the power to pursue a civil fraud case against them.
[8][10][11] In 1993, Schroeder left the FASB to work as a sell-side insurance investment analyst for Dowling Partners in Hartford, a boutique firm run by V.J.
In 1998 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.
[21] In June 2003, Schroeder, then a managing director at Morgan Stanley, began traveling to Omaha to research and write Buffett's official biography, The Snowball.
[31][32] On November 30, 2009, Schroeder published an opinion piece on Bloomberg News[33] stating that several Goldman Sachs bankers, in a show of prescience about potential social unrest, had obtained pistol permits.
Once other investment banks complained about similar experiences, First Call agreed to include a broader range of analyst forecasts in its estimates and better disclose the factors that account for their differences in judgment.