R. Glenn Hubbard

Dean and Russell L. Carson Professor of Finance and Economics at Columbia Business School

Glenn Hubbard was named dean of Columbia Business School on July 1, 2004. A Columbia faculty member since 1988, he is also the Russell L. Carson Professor of Finance and Economics. Professor Hubbard received his BA and BS degrees summa cum laude from the University of Central Florida, where he received the National Society of Professional Engineers Award. He also holds AM and PhD degrees in economics from Harvard University. After graduating from Harvard, Professor Hubbard began his teaching career at Northwestern University, moving to Columbia in 1988. He has been a visiting professor at Harvard’s Kennedy School of Government and Harvard Business School, as well as the University of Chicago. Professor Hubbard also held the John M. Olin Fellowship at the National Bureau of Economic Research. In addition to writing more than 100 scholarly articles in economics and finance, Professor Hubbard is the author of two leading textbooks on money and financial markets, as well as co-author of Seeds of Destruction; The Mutual Fund Industry; The Aid Trap: Hard Truths About Ending Poverty, and Healthy, Wealthy, and Wise: Five Steps to a Better Health Care System. His commentaries appear frequently in Business Week, the Wall Street Journal, the New York Times, the Financial Times, the Washington Post, Nikkei, and the Daily Yomiuri, as well as on television (on PBS’s Nightly Business Report) and radio (on NPR’s Marketplace).

In government, Professor Hubbard served as deputy assistant secretary of the U.S. Treasury Department for Tax Policy from 1991 to 1993. From February 2001 until March 2003, he was chairman of the U.S. Council of Economic Advisers under President George W. Bush. While serving as CEA chairman, he also chaired the Economic Policy Committee of the OECD. In the corporate sector, he is currently a director of ADP, BlackRock Closed-End Funds, KKR Financial Corporation, and Met Life. Professor Hubbard is married to Constance Pond Hubbard. They live in Manhattan with their two sons.

Keynote Speakers

Joseph L. Rice III

Chairman & Co-founder of Clayton, Dubilier & Rice

Mr. Rice is a founder of Clayton, Dubilier & Rice and serves as Chairman. He has spent the major portion of his business career in private equity and is one of the founders of the industry. Mr. Rice is trustee emeritus of Williams College and is a member of INSEAD’s International Advisory Council. He is also a member of The Council on Foreign Relations and The Brookings Institution and Co-Founder of the Private Capital Research Institute. Mr. Rice is a Director of Uniroyal Holding. He is a graduate of Williams College and holds a J.D. from Harvard Law School. 

David M. Rubenstein

Co-founder and Managing Director of The Carlyle Group

David M. Rubenstein is a Co-Founder and Managing Director of The Carlyle Group, one of the world’s largest private equity firms.  Mr. Rubenstein co-founded the firm in 1987.  Since then, Carlyle has grown into a firm managing more than $150 billion from 36 offices around the world. 

Mr. Rubenstein, a native of Baltimore, is a 1970 magna cum laude graduate of Duke, where he was elected Phi Beta Kappa.  Following Duke, Mr. Rubenstein graduated in 1973 from The University of Chicago Law School, where he was an editor of the Law Review.

From 1973-75, Mr. Rubenstein practiced law in New York with Paul, Weiss, Rifkind, Wharton & Garrison.  From 1975-76 he served as Chief Counsel to the U.S. Senate Judiciary Committee’s Subcommittee on Constitutional Amendments.  From 1977-1981, during the Carter Administration, Mr. Rubenstein was Deputy Assistant to the President for Domestic Policy.  After his White House service and before co-founding  Carlyle, Mr. Rubenstein practiced law in Washington with Shaw, Pittman, Potts & Trowbridge (now Pillsbury, Winthrop, Shaw Pittman).

Mr. Rubenstein is Chairman of the John F. Kennedy Center for the Performing Arts, a Regent of the Smithsonian Institution, Vice-Chairman of the Boards of Duke University and the Brookings Institution, and the President of the Economic Club of Washington.

Mr. Rubenstein is on the Board of Directors or Trustees of Johns Hopkins University, University of Chicago, the Lincoln Center for the Performing Arts, the Memorial Sloan-Kettering Cancer Center, Johns Hopkins Medicine, the Council on Foreign Relations, the Institute for Advanced Study, the National Museum of American History of the Smithsonian Institution, the National Museum of Natural History of the Smithsonian Institution, the Center for Strategic and International Studies, the American Academy in Berlin and Ford’s Theatre.

Mr. Rubenstein is a member of The Business Council, Visiting Committee of the Kennedy School of Government at Harvard, the Harvard Business School Board of Dean’s Advisors, the Woodrow Wilson School Advisory Council at Princeton, the Board of Trustees of the Young Global Leaders Foundation, Advisory Board of School of Economics and Management Tsinghua University, the Madison Council of the Library of Congress, and the International Business Council of the World Economic Forum. 

Mr. Rubenstein is married to Alice Rogoff Rubenstein, and they have three grown children.

Jason Kelly

Private Equity Reporter for Bloomberg News

Jason Kelly is a New York-based reporter at Bloomberg News primarily focused on the global private-equity industry as part of Bloomberg's investing team. He is currently at work on a book about private equity. He joined Bloomberg in 2002 as a member of the U.S. Technology group, where he covered companies including Intel, Motorola and Texas Instruments. A frequent contributor to Bloomberg BusinessWeek and Bloomberg Television, he's written about topics from artificial intelligence on Wall Street to the aftermath of Hurricane Katrina and the war in Afghanistan. Prior to Bloomberg, Jason was the editor of digitalsouth magazine, an Atlanta-based publication focused on venture capital and start-up technology companies. He started his career at the Atlanta Journal-Constitution as part of the newspaper's Olympic coverage team. Jason is a graduate of Georgetown University.

Robert L. Nardelli

CEO of Cerberus Operating & Advisory Company

Robert Nardelli joined Cerberus Operations & Advisory Company, LLC as CEO in June 2009. Before this function, Robert joined Chrysler LLC as Chairman and Chief Executive Officer and as a member of the Board of Managers in August 2007. Prior to joining Chrysler, Nardelli served as Chairman, President and CEO of The Home Depot beginning in 2000. Nardelli began his career at GE in 1971 and advanced through a series of leadership positions in the company’s Appliances, Lighting and Transportation Systems business units. In 1988, he left GE to join Case Corporation in Racine, where he led Case Construction Equipment’s global business. He returned to GE in 1992 as CEO of CAMCO in Toronto, Canada and was ultimately named President and CEO of GE Power Systems and Senior Vice President of General Electric.

He is an alumni fellow and 2001 Alumnus of the Year of the University of Louisville, and serves on the Board of Advisors, University of Louisville Graduate School of Business, as well as on the College of Business & Technology Advisory Board for Western Illinois University, and is a member of The Business Council. He was awarded the “Freedom Award” while at Home Depot and again at Chrysler, presented by the Department of Defense and the White House in recognition of service of military personnel.

Gregory Rorke

Adjunct Professor in Management at Columbia Business School

For the past 25 years, Professor Rorke has been a manager, investor and business professor. After beginning his career in the restructuring area of Chase Bank, he sought out more active management roles. As an operator, he has been CEO for a number of emerging growth companies, special situations and turnarounds. Rorke spent four years as president of Danskin, increasing sales 65 percent and recording a dramatic bottom-line turnaround. As CEO of Kaplan Educational Centers, a subsidiary of the Washington Post Company, he led the revitalization of the company, reversing declines in EBIT and revenue during a successful two-year turnaround assignment.

As an investor/ manager, he was successful in acquiring and turning around a $36M Atlanta-based promotion and incentive company. More recently, he acquired an enterprise software company, built a new management team, enhanced the product line and sold it to Cisco.

Rorke is the managing partner of Morning Street Partners, a private equity fund focused on secondary direct investments. He is on the advisory board of Corporate Revitalization Partners (, a 50-person consulting firm specializing in strategy, operations and financial restructuring.

He is chairman of Navagate, an enterprise software company focused on the financial services and life insurance markets, serving such clients as New York Life, Banker’s Life, HSBC and Thrivent. He is also chairman of Navaya Computer Sciences, providing software development resources to enterprise software companies.

Rorke completed his undergraduate degree at Brown University and received his MBA from Harvard Business School.

Timothy C. Draper

Managing Director & Founder of Draper Fisher Jurvetson

Timothy C. Draper is the Founder and a Managing Director of Draper Fisher Jurvetson. His original suggestion to use “viral marketing” in web-based e-mail to geometrically spread an Internet product to its market was instrumental to the successes of Hotmail and YahooMail, and has been adopted as a standard marketing technique to hundreds of businesses. He invested in and contributed to Skype (EBAY), (YHOO), Parametric Technology (PMTC), Hotmail (MSFT), Tumbleweed Communications (TMWD), PLX Technologies (PLXT), Digidesign (AVID), Preview Travel (TVLY), Four11 (YHOO), Combinet (CSCO), and Redgate (AOL), among others.

Mr. Draper launched the Draper Affiliate Network, an international network of early-stage venture capital funds with offices in 26 cities around the globe. He founded or co-founded Wasatch Ventures (Salt Lake City), Zone Ventures (LA), Draper Atlantic (Reston), Draper Triangle (Pittsburg), Timberline Ventures (Portland), DFJ EPlanet (global), Polaris Fund (Anchorage), Draper Fisher Jurvetson Gotham (NYC), DFJ Frontier (Sacramento and Santa Barbara), and DFJ Dragon (Shanghai). As an advocate for entrepreneurs and free markets, Mr. Draper is regularly featured as a keynote speaker in entrepreneurial conferences throughout the world, has been recognized as a leader in his field through numerous awards and honors, and has frequent TV radio and headline appearances. On behalf of Draper Fisher Jurvetson, Mr. Draper serves on the boards of Tagworld, SocialText, Glam, MailFrontier and Chroma Graphics. Mr. Draper is also the course creator and Chairman of BizWorld, a 501c3 organization built around simulated teaching of entrepreneurship and business to children. He served on the California State Board of Education. In November of 2000, Mr. Draper launched a statewide cyber-initiative on school choice for the California General Election.

He has a BS in Electrical Engineering from Stanford University, and an MBA from Harvard Business School.  

Closing Remarks

Donna M. Hitscherich `90

Senior Lecturer in Finance and Economics and Director of the Private Equity Program at Columbia Business School

Professor Donna M. Hitscherich was appointed as director of the Private Equity Program in October 2010. Professor Hitscherich now serves as Senior Lecturer in the Finance and Economics division, a position she has held since 2008 after a nearly twenty year career in investment banking and law. Professor Hitscherich teaches Corporate Finance, Advanced Corporate Finance, Mergers and Acquisitions and Business Law in the MBA and Executive MBA programs. From 1988 through 1990, Professor Hitscherich was an assistant professor of law at St. John's University School of Law, where she taught Federal Securities Regulation and Legal Ethics.

Prior to her present position at Columbia, Professor Hitscherich had a career in investment banking, during which she held positions at CS First Boston, J. P. Morgan & Co. Incorporated and Banc of America Securities. Prior to her career in investment banking, Professor Hitscherich was a corporate lawyer at Skadden, Arps, Slate, Meagher & Flom. Her research interests include mergers and acquisitions, valuation and fairness opinions. She holds a JD from St. John's University (magna cum laude) where she was a member of the St. John's Law Review, an MBA from Columbia University Graduate School of Business where she was elected to Beta Gamma Sigma and a BS from St. John's University (summa cum laude). She is admitted to the practice of law in the state of New York.