Prem C. Jain Named Elsa Carlson McDonough Chair in Business Administration at Georgetown University

June 18, 2003

The Robert Emmett McDonough School of Business at Georgetown University today celebrates the appointment of Prem C. Jain as the inaugural Elsa Carlson McDonough Chair in Business Administration. The chaired professorship was established by benefactor Robert Emmett McDonough (F'49) in honor of his first wife, Elsa, who died in 1994.

An expert in financial accounting and the stock market, Jain focuses his research and teaching on the stock market's links to earnings and financial reporting. Jain received his Ph.D. from the University of Rochester, and an MBA from the Indian Institute of Management in Calcutta, India. He is a certified public accountant in the state of Florida. Before joining the McDonough School of Business in 2000, he was a faculty member at the University of Pennsylvania's Wharton School and at Tulane University's Freeman School.

Jain's articles have appeared in many finance and accounting journals. His work also has been quoted in the Wall Street Journal, Barron's, Newsweek, and other sources. He has been a summer visiting scholar at the international business school INSEAD in France, and at the Commodity Futures Trading Commission in Washington, D.C., and he has taught at Mexico's Instituto Tecnologico y de Estudios Superiores de Monterrey and at the China Europe International Business School. He is currently writing a book about Berkshire Hathaway Inc. CEO Warren Buffett.

As part of a $30 million commitment to the business school in 1998, Robert Emmett McDonough established the Elsa Carlson McDonough Chair to enrich the school's curriculum, enhance the student experience, and attract and retain excellent faculty. A 1949 graduate of the Georgetown University Edmund A. Walsh School of Foreign Service, McDonough is a member of the business school's Board of Advisors and a recipient of the John Carroll Award for his many years of loyal service, leadership, and unprecedented generosity to Georgetown University. He is founder and vice chair of Remedy Intelligent Staffing, headquartered in Aliso Viejo, Calif.