Buffett: 'There's not another Ajit in the house'
Berkshire Hathaway chairman and CEO Warren Buffett has warned of
the "significant" impact to his company should
reinsurance head Ajit Jain choose to leave.
At the Berkshire Hathaway annual general meeting on 30 April,
Buffett said: "There's not another Ajit in the house. If
we lost him the impact would be very significant and that would be
true of some other managers at some other subsidiaries."
There was a period when the earnings potential of Jain's
operations was "fantastic", the...
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