Saturday, 15 June 2013

Meet the 28-year-old woman helping billionaire, Warren Buffett run his business empire

If you are over 28 and profiles of incredibly driven, accomplished people younger than you tend to send you into paroxysms of self-loathing, do not read the Wall Street Journal’s glowing profile of Tracy Britt, the young woman who has become one of 82-year-old investing magnate Warren Buffett’s most trusted deputies.
Fresh out of Harvard Business School, Britt was hired as Buffett’s financial assistant at his Berkshire Hathaway Inc. “Almost four years later, [her role] has blossomed further, with Ms. Britt emerging as one of Mr. Buffett’s top lieutenants and even serving as chairman of four companies within his $284 billion conglomerate,” the
Journal’s Anupreeta Das wrote.
No big deal.
The article, which blessedly never refers to Britt as a “gal Friday,” goes on to detail the billions in sales brought in by the companies she chairs and the role she played in at least one major Berkshire acquisition. She is also apparently a genius at interviewing — a fellow Midwesterner raised on a farm, she brought Buffett tomatoes and corn when she came to meet him about the job.
As impressive as she is, however, Britt isn’t alone in reaching this level of success as a young woman. Several of her female peers have also reached stratospheric career heights on Wall Street at 29 or younger.
Forbes’ 2012 30 Under 30 Finance list included Jennifer Fan, 29, who runs the $650 million hedge fund Arbalet Capital, which she started; Lucy Baldwin, 28, a managing director at Goldman Sachs; Miriam Klein, 29, a partner at PricewaterhouseCoopers and Hayley Lockley, 28, a VP at Morgan Stanley.
The Journal described Britt as among the “most influential” women at Berkshire Hathaway, which this year ranked last among S&P 100 companies in promoting women and minorities. Still, in a widely discussed op-ed in the May 20 issue of Fortune magazine, Buffett emphasized the ethical and economic benefits of helping women succeed in business. “Fellow males, get onboard. The closer that America comes to fully employing the talents of all its citizens, the greater its output of goods and services will be,” Buffett wrote.
Maybe Britt’s success will inspire managers at Berkshire and beyond to follow Buffett’s advice.
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