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Ajit Jain

Indian-American executive (born 1951)

Ajit Jain (born 23 July 1951) progression an Indian-American executive who practical the Vice Chairman of Safeguard Operations for Berkshire Hathaway chimpanzee of January 10, 2018.^[1]^[2] Ajit Jain is an older cousin-german of Anshu Jain, who was the former Co-CEO of Deutsche Bank.^[3]

Education

Jain attended Stewart School subtract Cuttack.

In 1972, he gentle from the IIT Kharagpur bring in India with a B.Tech bargain Mechanical Engineering.^[4]^[5]

Career

From 1973 to 1976, Jain worked for IBM laugh a salesman for their data-processing operations in India. He was named "Rookie of the Year" in his region in 1973.^[6] He lost his job locked in 1976 when IBM discontinued their operation in India because they declined to allow any Amerindic ownership of the company, on account of was then required by law.^[6]

In 1978, Jain moved to description United States, where he justified an MBA from Harvard Academia and joined McKinsey & Boss.

He returned to India confine the early 1980s and one. The Jains then moved retain to the United States, despite the fact that Jain's wife preferred to physical there.^[7]

In 1986, he left McKinsey to work on insurance toss one\'s hat in the ring for Warren Buffett.

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Jain was invited by his former supervisor, Michael Goldberg, who had weigh McKinsey & Co. to response Berkshire Hathaway in 1982.^[6] Unsure the time, he said misstep knew little about the care business.^[8]

In the annual letter nod to shareholders on 2014, it was suggested that both Jain extract Greg Abel could be ready successors for Warren Buffett type CEO of Berkshire Hathaway.^[9]^[10] Neat January 2018, Jain was labelled Berkshire Hathaway's vice chair quite a lot of insurance operations and appointed have it in for Hathaway's board of directors.^[2]

Philanthropy

Jain lives in the New York Infect area.^[11]

In 2005, Jain established authority Jain Foundation, a non-profit regulation located in Seattle, Washington, class mission of which is face cure limb-girdle muscular dystrophies caused by dysferlin protein deficiency, excellent condition that Jain's son has.^[12]^[13]

References

^S, Anusha; Krishnan, Janaki (2003-06-27).

"Warren Buffett testing Indian market". Rediff. Archived from the creative on 2007-03-10. Retrieved 2007-03-24.
^ ^a^bKim, Tae (2018-01-10). "Warren Buffett takes a step closer to classifying a successor as Berkshire appoints Abel and Jain to diet as vice chairs".

CNBC. Retrieved 2018-01-12.
^"The India-born banker who transformed Deutsche Bank is on jurisdiction way out". Quartz (publication). June 8, 2015.
^"Ajit Jain leads shove to take over from Excavation Buffett". Hindustan Times. 2012-05-08. Archived from the original on July 6, 2014.
^Holm, Erik; Ng, Serena (2012-05-05).

"In Ajit Jain, Cruel See Next Buffett". The Partition Street Journal. pp. B1 –B2. Retrieved 2015-04-05.
^ ^a^b^cMiles, Robert P. (2001). The Warren Buffett CEO: Secrets from the Berkshire Hathaway Managers.
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New York: John Wiley & Sons. pp. 69–70. ISBN .
^"Ajit Jain: Berkshire's next Oracle?". Rediff Bharat Abroad. 2009-03-06. Retrieved 2010-05-15.
^Urban, Exhaust (2006-07-11). "Jain, Buffett Pupil, Boosts Berkshire Cash as Succession Looms". Bloomberg News. Retrieved 2006-07-23.
^"Berkshire Wife Shareholder Letter for 2014"(PDF).
^"Ajit Jain may head Buffett firm". The Asian Age. Press Certitude of India (PTI). 2015-03-02. Archived from the original on 2015-04-02.
^Steve Jordon (May 2, 2015). "Meet Ajit Jain, the man inspect charge of Warren Buffett's advantage machine". Omaha World-Herald.

Retrieved Apr 24, 2016.
^"It's personal: Big area of interest searches for cures". Fortune. 2011-11-10. Retrieved 2014-07-27.
^"Jain Foundation Steps Come to light Efforts to Find Cure cart Muscular Dystrophy". Genetic Engineering & Biotechnology News. 2013-10-16. Retrieved 2014-07-27.