He’s also known to be the older cousin of the former CEO of Deutsche Bank Anshu Jain. In his professional life, he has worked with giants like IBM, McKinsey & Co, apart from Berkshire Hathaway with which he's been working since 1986. When it’s time for questions and answers, Buffett relies upon Jain’s expertise and he wants him around to explain the details to shareholders as well as other stakeholders. S&P 500 index, There is talk within the company that Ajit may be the person chosen to succeed Warren Buffett when he steps down from the position of CEO. The Jain Foundation also sold Berkshire Hathaway stock earlier this year. A foundation controlled by Berkshire Hathaway Vice Chair Ajit Jain sold $1.5 million of shares. Of this total $16,000,000 was received as a salary, $3,000,000 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and … BRKb Additionally it gives out scholarship's to poor and needy students. Soon after Bufftett directed one question on the insurance business to Vice-Chairman Ajit Jain. His pay hasn’t historically been included in Berkshire’s proxy filings, though some of the company’s insurance subsidiaries disclose what they pay him. In that letter, he stated that if he, Munger and Jain are all in a boat that is sinking and there is just one that can be saved, the logical choice must be Ajit. Ajit has always been a hard worker. View the profiles of people named Ajit Jain Jain. Right after graduating with his bachelor’s degree, Ajit joined the IBM corporation in India. 10 of the Most Clever Stock Ticker Symbols of 2016, How Virtual Reality Game Entropia Universe Plans To Create 3 Million Jobs, How Online Ticket Brokers are Scamming Millions of Dollars Using Bots, 10 Potential Scenarios For Life at the New DreamWorks Animation Studios, Steven Rothberg Shares The Secret to CollegeRecruiter.com’s Business Longevity, Dissecting the Multi Billion Dollar Business of Televangelism, How Virtual Reality Game Entropia Universe Plans …, How Online Ticket Brokers are Scamming Millions …, Steven Rothberg Shares The Secret to CollegeRecruiter.com’s …, 10 Things You Didn’t Know about Lark Health CEO Julia Hu, The History of and Story Behind the Ducati Logo, The History of and Story Behind the Jaguar Logo, 10 Things You Didn’t Know about Franck Lebouchard, Five Defensive ETF Suggestions to Round out Your Portfolio, A Traveler’s Guide to Hiking in Lake Havasu, A Traveler’s Guide to Visiting Havana’s Beaches, The 10 Best Places to Stay in Lake Havasu, The Five Best Cadillac Fleetwood Models of All-Time, A Buyer’s Guide to Getting a Used Cadillac Allante. It wasn’t performing up to its full potential. Buffett has said his eventual successor as Berkshire’s CEO will earn more money than he could possibly need. He was born in Meerut in 1902 in a middle-class family. PAY NOW; CONTACT. He said "our future CEOs should come from internal candidates whom the Berkshire board has grown to know well". The foundation declined to comment on the stock sale, and didn’t make Ajit Jain available for comment. There has been a great deal of progress made towards understanding the structure and the function of the condition through gene sequencing research. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. The firm has an estimated value of $530 billion. Wells Fargo Fires More Than 100 Workers for Abusing U.S. Aid, Stocks Fall as Stimulus Hopes Fade, Banks Slump: Markets Wrap, J&J Halts Covid-19 Vaccine Trial Due to Unexplained Illness, Apple iPhone 12 5G Line Wins Praise for Lower Prices, New Sizes, Investors Turn Skeptical of Democratic ‘Blue Wave’ Victory in U.S. The Oracle of Omaha said the best thing many investors can do is to own the S&P500. Buffett, on several occasions, has openly praised Ajit Jain for his ability to handle critical operations with "capacity, speed and decisiveness", and credited him for creating several billion dollar value for the Berkshire shareholders. He soon became prominent in U.P. Updated: Oct 10, 2020, 05.15 PM IST. The succession question is ever-present at Berkshire given that Buffett is 89.
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