At The Sec, A Deft Crusader For Reform

Arthur Levitt Jr. isn't your typical Securities & Exchange Commission chairman. After an Aug. 8 meeting with Berkshire Hathaway Inc. Chairman Warren E. Buffett at his Omaha headquarters, Levitt waved off Buffett's offer to telephone a taxicab for the airport trip. Levitt and an aide figured they would hail a cab. But Omaha isn't Washington or New York--empty cabs don't fill the streets. So with time to kill before his flight, the 63-year-old Levitt walked the eight miles to Eppley Field airport. "I viewed it as an adventure," Levitt says.

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