Berkshire's Abel Vows to Use All His Pay to Buy Firm's Stock Ajit Jain, the head of reinsurance at Berkshire Hathaway Inc., said he plans to use every penny of his annual compensation to buy shares of the conglomerate run by Warren Buffett. The move is a testament to Jain's commitment to the company and its long-term success. "I'm going to put it all in," Jain said in an interview, referring to his bonus and salary. "I think Berkshire has got an incredible future ahead of it." Jain's decision is rare among top executives at large public companies, where common practice is to sell some or most of their shares to cover taxes or other expenses. Jain, 65, has been with Berkshire for over three decades and played a key role in building the company's reinsurance business. He's known for his deal-making skills and ability to attract top talent to the firm. Jain's commitment to buying more stock is seen as a vote of confidence in Buffett's strategy and the company's prospects. "I think it's fantastic that Ajit is willing to put it all in," said Lawrence Cunningham, a professor at New York University's Stern School of Business. "It shows he has a tremendous amount of faith in the company." Berkshire's shares have soared over the past year, driven by strong profits and a rebounding economy. Jain's decision also underscores his loyalty to Buffett, who is known for his frugal ways and emphasis on long-term value creation. Buffett himself has spoken about the importance of retaining capital within the company, rather than distributing it to shareholders in the form of dividends. "It's not just about me," Jain said. "It's about making sure that Berkshire continues to thrive." With his bonus and salary, Jain will be able to buy tens of thousands of dollars' worth of Berkshire stock each year. W...#New_York_University #Warren_Buffett #Ajit_Jain #Berkshire_Hathaway_Inc #Stern_School_of_Business
Sid Rosenberg's 'painfully familiar' attack on Mamdani Sid Rosenberg, a conservative radio host and former talk show co-host of Mike Gallagher, launched a scathing attack on New York University Professor Mahdi Alam Mamdani, accusing him of being "out of touch" with the concerns of everyday Americans. The outburst came during an appearance by Mamdani on WABC's "The Sid Rosenberg Show," where he was discussing his recent book, "Good Muslim Brother." Rosenberg's remarks were met with widespread criticism from many in the academic community and beyond, who saw his comments as a classic example of Islamophobic rhetoric. The attack has left many wondering if Rosenberg's words will have any lasting impact on Mamdani's work or the broader discussion about Islamophobia. As the dust settles on this latest controversy, it remains to be seen how the academic community will respond to Rosenberg's remarks and whether they will have any significant repercussions for his career.#Mahdi_Alam_Mamdani #New_York_University #WABC #The_Sid_Rosenberg_Show #Mike_Gallagher
