The billionaire hired Mr. Eastwood and three other American International Group Inc. executives in 2013 to create a new property-casualty insurer. It didn't take long for the 50-year-old Mr. Eastwood to win Mr. Buffett's praise. "I didn't work as hard as I should have and needed to in high school," Mr. Eastwood said. At Ohio Wesleyan University, Mr. Eastwood prioritized schoolwork over extracurricular activities, hoping to catch up with his younger peers. "We are not entitled to anybody's business, [and] nobody needs to work for us," Mr. Eastwood said.

Source: Wall Street Journal February 11, 2017 13:19 UTC