Omaha, Neb. (March 11, 2003) -- In his annual letter to shareholders, business guru Warren Buffett said corporate boards need to get tougher on their chief executives, and that investors should be wary of auditors who consider CEOs as their clients.

Hiring independent, outside directors to challenge auditors and top company executives will go a long way to ending years of too much coziness in the nation’s boardrooms, said Buffett, the chairman of Berkshire Hathaway.

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