Background
William Bain was born in 1937 in Johnson City, Tennessee, to a food wholesaler.
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Bill Bain
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He attended East Tennessee State College for two years before transferring to Vanderbilt. He graduated in 1959, earning Phi Beta Kappa honors, with a degree in history.
Career
Prior to founding Bain & Company, Bill Bain was a Vice-President at the Boston Consulting Group (Boston Consulting Group). He then got married and became a father. He did graduate work in history at Vanderbilt as a Woodrow Wilson Scholar in 1960.
He briefly worked at a steel fabricating company before returning to Vanderbilt in 1960 to work as the school"s director of development.
After meeting Henderson, Bain chose to join Boston Consulting Group. In the early 1970s, Bain was considered internally at Boston Consulting Group to be Henderson"s eventual successor. However, in 1973 Bain resigned from Boston Consulting Group to start his own strategy consulting firm.
Bain quickly recruited Black & Decker and Texas Instruments, two Boston Consulting Group clients, as his own clients, and hired six of Boston Consulting Group"s employees. Bain"s new company diverged from other consulting firms of the time by focusing on longer assignments.
He also sought to develop close relations with the companies, helping not only to devise strategy but also to implement lieutenant
He also promised not to represent more than one client per industry, and for many years would only accept assignments that reported to the client"s Chief Executive Officer. After leaving Bain, he was chairman of the board of Bain, Willard Companies, L. P. which he co-founded in 1993 with Ralph R. Willard, President of Bain, Willard. He also was a director of Hinckley Yachts. Bain is a longtime trustee of several children's charities in Boston, including Children’s Hospital Boston, The Boys and Girls Clubs of Boston and the Posse Foundation.
He also serves on the Board of Trust of Vanderbilt University. and has been a Trustee of the Naples Children and Education Foundation in Naples, Florida since 2002.
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Nationality
United States