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Wednesday, April 30, 2014
6:30- 8:30 p.m.
Please join alumni, current students and the Student Leadership and Ethics Board, to bid farewell to an outstanding teacher, professor and mentor, and to celebrate Professor David Beim’s contributions to the Columbia Business School community.
Professor Beim, a Bernstein Faculty Leader and the Sanford C. Bernstein & Co. Ethics Fellow, joined Columbia as an adjunct professor in 1989 and has been a full-time professor of professional practice since 1991. Hewill be retiring from Columbia Business School at the end of June 2014. He has taught thousands of Columbia MBA and EMBA students, in courses such as Emerging Financial Markets, Banking Fundamentals, Corporate Finance, Corporate Governance and more. In addition he was instrumental in the creation of the Orientation “Jumandia” cases which cover values, ethics and governance, and he has led and moderated forums, discussions and workshops with industry executives, students and alumni. He has been a valued advisor and mentor to many students, including Student Leadership and Ethics Board members over the years.
Prior to Columbia Business School, Professor Beim had a 25-year career in investment banking. His Wall Street career included 10 years at First Boston Corporation (1966–75), where among other assignments he started and ran the project finance group. He served as executive vice president of the Export-Import Bank of the United States during 1975–77. Following that, he joined Bankers Trust Company to start and run its investment banking business. During 1978–87, he was executive vice president and head, corporate finance department, and member of the management committee at Bankers Trust. From 1987 to 1989, he was a managing director at Dillon Read & Co. He currently serves as a director of a cluster of mutual funds managed by BlackRock Investments. His nonprofit work includes former chairman of Wave Hill, former chairman of Outward Bound,former trustee of Phillips Exeter Academy, member of the Council on Foreign Relations and former governor of the West Chop Club.
Hosted by: The Sanford C. Bernstein & Co. Center for Leadership and Ethics
Moderated by Bruce Kogut
Tuesday, April 15, 2014
1:00- 2:00 p.m.
Please join us for a talk with Christine Bader, author of The Evolution of a Corporate Idealist: When Girl Meets Oil, and visiting scholar and lecturer at Columbia University. Bader’s book is based on her experience working with BP and then the United Nations Secretary-General’s Special Representative on business and human rights.
Hosted by: The Columbia University Institute for Human Rights, the Government & Business Club and the Sanford C. Bernstein & Co. Center for Leadership and Ethics at Columbia Business School
The 2014 Klion Forum: Denise Morrison and Ellen Oran Kaden of Campbell Soup - The Right Mix: Aligning the vision of the board, CEO and management team in an iconic company
Moderated by Bruce Kogut, Director of the Sanford C. Bernstein & Co. Center for Leadership and Ethics.
Tuesday, April 15, 2014
6:00- 8:00 p.m.
With rapidly changing consumer tastes, many food companies are looking to expand their markets at home and overseas. How should the management team, board and the CEO unite to address these needs? And, as customer demographics change, how does an iconic American company — which includes not only the Campbell's Soup brand, but Pepperidge Farm, Arnott’s, V8, Bolthouse Farms and Plum Organics — stay relevant? Join Ms. Denise Morrison, CEO of Campbell Soup Company, and Ms. Ellen Oran Kaden, chief legal and government affairs officer of Campbell Soup Company, for a fireside chat on board governance and maintaining high ethical principles in a competitive market.
Denise M. Morrison
Denise Morrison is President and CEO of Campbell Soup Company, a manufacturer and marketer of high-quality foods and simple meals, including soup, sauces, snacks and healthy beverages. Founded in 1869, the company has a portfolio of market-leading brands, including “Campbell’s,” “Pepperidge Farm,” “Arnott’s,” “V8,” “Bolthouse Farms,” “Plum Organics” and “Kjeldsens. She became Campbell's CEO in August 2011, after more than eight years at Campbell and more than 30 years in the food business. She is Campbell’s 12th leader in its 145-year history. Morrison joined Campbell in 2003 as President-Global Sales and Chief Customer Officer. She then served as President-Campbell USA and Senior Vice President and President-North America Soup, Sauces and Beverages. She was named Executive Vice President and Chief Operating Officer in 2010, and she was also appointed as a Director of the Campbell’s board. Previously, Morrison was Executive Vice President and General Manager of Kraft Foods' Snacks and Confections divisions, responsible for leading brands including Planters nuts, Life Savers candies, and Altoids mints. Her extensive food business experience also includes senior leadership roles at Nabisco, Nestle and Pepsi-Cola. She began her career at Procter & Gamble. Morrison is a founding member of the Healthy Weight Commitment Foundation, an initiative of manufacturers and retailers to combat obesity in the marketplace, workplace, and schools. She also serves on the board of the Grocery Manufacturers Association, where she chairs its Health and Wellness Committee. She was named as a Vice Co-Chair of the Consumer Goods Forum in 2013 and serves on the organization’s board. She was named to President Barack Obama’s Export Council in 2012. Morrison was elected to the MetLife, Inc. board in February 2014; is currently a member of the board of directors for Catalyst; and has previously served on the boards of The Goodyear Tire & Rubber Company and Ballard Power Systems Inc. Morrison earned her BS degree in economics and psychology from Boston College, graduating magna cum laude. She resides in Princeton, N.J., with her husband, Tom, and they have two children.
Ellen Oran Kaden
Ellen Oran Kaden is the Senior Vice President – Chief Legal and Public Affairs Officer at Campbell Soup. She oversees Campbell's global Legal department, the Office of the Corporate Secretary, the Office of Government Affairs, and the company's Corporate Social Responsibility, Sustainability, and Community Affairs functions. She is the principal advisor to the Board of Directors and the CEO on legal and corporate governance matters. She reports to Denise Morrison, President and Chief Executive Officer, and is a member of the Corporate Leadership Team. Prior to joining Campbell in April 1998, Kaden was Executive Vice President, General Counsel and Secretary of CBS Inc. She began her career as a member of the Faculty of Law at Columbia University, where she taught contracts, civil procedure and commercial law, and later practiced law at Cravath, Swaine & Moore in New York City. She is a Trustee Emerita of Columbia University, where she served as a trustee for 12 years and as Chair of the Audit Committee. Kaden earned her BA degree from Cornell University and was a Graduate Fellow of the Danforth Foundation at the University of Chicago. After earning her JD degree from Columbia University School of Law, she was a law clerk to the Honorable Marvin E. Frankel of the U.S. District Court for the Southern District of New York.
The KPMG Peat Marwick / Stanley R. Klion Forum is a cornerstone of the School’s ongoing efforts to encourage greater awareness of the ethical dilemmas faced by today’s leading corporations. Topics have focused on a wide range of issues and industries from cloning to mergers and acquisitions. Past speakers include: Paul Volcker, former chairman of the Federal Reserve; Richard Juelis, CFO of Cellegy Pharmaceuticals, Inc.; and Jack Welch, former chairman of GE.
Hosted by: The Bernstein Student Leadership and Ethics Board and the Sanford C. Bernstein & Co. Center for Leadership and Ethics
From IPO to Activist: The Lifecycle of Corporate Governance, A conversation at the New York Stock Exchange
Friday, April 28, 2014
2:00 - 4:00 p.m.
Over the course of its lifecycle, a company may undergo significant changes to its corporate governance structure. As a company matures, it may transition from a private to a public entity, go through an IPO process, need to respond to an activist shareholder, or fight a proxy battle.
Join Scott Cutler, Executive Vice President and Head of Global Listings at NYSE Euronext; Gary Retelny, President of Institutional Shareholder Services, and Steven Barg, the head of M&A Capital Markets in New York for Goldman Sachs, for a panel discussion on how the legal, investor and governance implications of proxy battles and activist solutions can transform corporations.
The discussion will be followed by Q&A and a tour of the New York Stock Exchange, and will end with watching the closing bell live from the trading floor.
Steven Barg is the head of M&A Capital Markets in New York at Goldman Sachs. Previously, he served as co-head of the Investment Banking Division in South East Asia. Before assuming this role in Singapore in 2012, Steven was co-head of Asia Ex-Japan Equity Capital Markets, based in Hong Kong. He joined Goldman Sachs as a partner in 2010. Prior to joining the firm, Mr. Barg was head of Asian Global Capital Markets at UBS for two years and managed Asian Equity Capital Markets (ECM) at UBS from 2006 to 2008. Earlier in his career, he was a managing director in ECM at UBS in New York and at Credit Suisse in New York and London. Mr. Barg earned a BA in English and American Studies from Wesleyan University in 1984 and an MBA from Stanford University’s Graduate School of Business in 1990. He was a Coro Fellow in Public Affairs in New York from 1984 to 1985 and a Henry Luce Scholar in Hong Kong from 1987 to 1988.
Scott Cutler is Executive Vice President and Head of Global Listings at NYSE Euronext. Mr. Cutler is responsible for the NYSE listing business globally. He manages the Exchange’s relationship with over 2100 companies listed at the NYSE in Canada, Latin America, United States and Asia. He is also responsible for the Exchange’s relationship with the Investment Banking, Private Equity, Venture Capital, and Legal Communities to attract new listings. In addition, Mr. Cutler oversees the Capital Markets business including, Initial Public Offerings for operating companies, Structured Products, Closed-End Funds, and REITs listing on the NYSE or NYSE Amex. Mr. Cutler graduated with a BS degree in Economics from Brigham Young University and earned a JD from the University of California, Hastings College of Law.
Gary Retelny is President of Institutional Shareholder Services (ISS) and is a Named Executive Officer (“NEO”) and Managing Director of MSCI and a member of its Executive Committee. As President of ISS, the leading global provider of corporate governance solutions to institutional investors, corporations and other constituencies, Mr. Retelny is responsible for the overall management and leadership of the business, which includes over 600 employees across 15 global offices. He works across all key ISS functions globally to expand the company’s current range of governance solutions, ensure the quality of its research and the reliability of its proxy voting operations. Mr. Retelny received a BS and MS in Civil Engineering in 1980 from Stanford University as well as an MBA from Stanford in 1983.
Hosted by: The Bernstein Student Leadership and Ethics Board
Friday, March 7, 2014
12:30- 2:00 p.m.
The top 1 percent of Americans control 40 percent of the nation’s wealth. And, as Professor Joseph Stiglitz explains, while those at the top enjoy the best health care, education, and benefits of wealth, they fail to realize that “their fate is bound up with how the other 99 percent live.”
Professor Stiglitz argues that growing inequality is not inevitable: moneyed interests compound their wealth by stifling true, dynamic capitalism. They have made America the most unequal advanced industrial country while crippling growth, trampling on the rule of law, and undermining democracy. The result: a divided society that cannot tackle its most pressing problems.
In this talk, Professor Stiglitz will examine our current state, tease out its implications for democracy as well as monetary and budgetary policy, and for globalization. He will then present a plan for a more just and prosperous future. Q&A will follow.
How do you Lead with Integrity? Join the conversation: #integrity #leadingwithintegrity #LEWeek
Joseph E. Stiglitz was born in Gary, Indiana in 1943. A graduate of Amherst College, he received his PHD from MIT in 1967. He has taught at Yale, Princeton, Stanford, MIT and is now University Professor at Columbia University.
He was awarded the Nobel Prize in economics for his analyses of markets with asymmetric information, and he was a lead author of the 1995 Report of the Intergovernmental Panel on Climate Change, which shared the 2007 Nobel Peace Prize. In 2011, Time named Stiglitz one of the 100 most influential people in the world.
Stiglitz was chairman of President Clinton's Council of Economic Advisers and served as senior vice president and chief economist at the World Bank. In 2009 he was appointed by the President of the United Nations General Assembly as chair of the Commission of Experts on Reform of the International Financial and Monetary System.
Recognized around the world as a leading economic educator, he has written textbooks that have been translated into more than a dozen languages. He founded one of the leading economics journals, The Journal of Economic Perspectives. His book Globalization and Its Discontents has been translated into 35 languages and has sold more than one million copies worldwide.
Hosted by: The Bernstein Student Leadership and Ethics Board, as part of Leadership and Ethics Week
Moderated by Professor John Wilson
Wednesday, March 5, 2014
6: 30 p.m. Calder Lounge (1st Floor), Uris Hall
On April 24, 2013, the Rana Plaza factory collapse in Bangladesh demonstrated the inherent risks of an outsourced supply chain. Despite the economic value and costs savings for business and consumers, outsources can create significant human rights and environmental costs.
Join executives from Disney and Social Accountability International for a panel discussion on how to create a responsible and competitive supply chain. The key questions that the panel will address include:
- What cutting edge strategies are companies using to reconcile pressures to achieve low supplier costs with potential reputational supply chain risks?
- How can a company to ensure its international supply chain has safe labor practices and environmental standards?
- What challenges exist for companies in ensuring adherence and enforcement of these standards?
Eileen Kaufman serves as Executive Director of Social Accountability International. She has held this position since SAI was incorporated in 1997. Prior to joining SAI, she was Director of Strategic Planning at the NYC Department of Environmental Protection, a strategic planner at the NYC Department of Design and Construction, and a financial planner at the NYC Water Board. At SAI’s inception, she worked at the Council on Economic Priorities, co-authoring Paper Profits, an analysis of paper mill pollution and its control. Ms. Kaufman is a graduate of Wellesley College, where she earned a B.A. in Economics. Ms. Kaufman also holds an M.A. in Economics and an M.B.A. in Finance from Columbia University.
Tu Rinsche is Manager, International Labor Standards at The Walt Disney Company. Disney’s International Labor Standards program seeks to foster safe, inclusive and respectful workplaces wherever Disney-branded products are made. In this role, Ms. Rinsche works on external stakeholder engagement and supply chain investment programs related to labor issues in the licensing and sourcing of Disney-branded consumer products. Prior to this, Ms. Rinsche worked at the U.S. Department of State focusing on issues related to human and worker rights, corporate social responsibility and multi-stakeholder dialogue. Previously, Ms. Rinsche served as a Peace Corps Volunteer working on community health issues and disease prevention in the Islamic Republic of Mauritania. Ms. Rinsche also has expertise in government relations, international development and security policy. Ms. Rinsche holds a B.A. in International Affairs from the George Washington University in Washington, D.C. and a Master of International Affairs, with an Advanced Certificate in African Studies and concentration in International Security Policy, from Columbia University in New York, NY.
How do you Lead with Integrity? Join the conversation: #integrity #leadingwithintegrit #LEWeek
Hosted by: The Bernstein Student Leadership and Ethics Board, the International Development Club and the General Management Association as part of Leadership and Ethics Week
Showing your Cards and Playing the Player: A Leadership and Ethics Week Faculty-Student Breakfast with Professor Daniel Ames
Wednesday, March 5, 2014
On March 5, join Professor Daniel Ames for a Student Leadership and Ethics Board faculty-student breakfast as he leads a discussion examining how negotiators reveal and conceal information as well as how they sometimes mislead one another. Professor Ames will share a few findings on negotiation, which some, but not all, see as a poker game where lying is to be expected. Students are expected to share their own experiences in this interactive session about which situations present the greatest challenges in terms of candor and the group will contribute ideas about how to best handle these challenges while leading with integrity.
How do you Lead with Integrity? Join the conversation: #integrity #leadingwithintegrity #LEWeek
Hosted by: The Bernstein Student Leadership and Ethics Board, as part of Leadership and Ethics Week
Friday, February 28, 2014
8:45 a.m.– 2:40 p.m.
Venue: The Italian Academy
1161 Amsterdam Avenue (between 117th and 118th streets)
New York (directions and online map).
Conference Fees: $150 Professionals; $100 Columbia Business School Alumni; $50 Faculty and Current Students (valid ID must be shown); and $50 University Staff.
This conference will address one of the great puzzles in moving people from poverty: why are there entrepreneurs and small businesses everywhere, and yet small enterprises so rarely scale and grow. When we walk down a main street in Mumbai or in Harlem, we see an abundance of shops and small business, but many do not scale. Many reasons for this deficit have been given: micro entrepreneurs are impatient and can’t save, they are more risk averse, scarcity of resources leads to cognitive constraints, banks don’t lend to small entrepreneurs. This lack of consensus does not help policy makers and financial institutions address the severe consequences of the barriers to scaling. This growth handicap for small entrepreneurs is also found in urban and lower income communities in wealthier countries. What are the challenges for a more inclusive financial system for entrepreneurs? What insights can be drawn from behavioral economics and the experience of financial institutions and engaged entrepreneurs to overcome barriers to growth?
For a full agenda and more information, please visit our research page.
Hosted by: the Sanford C. Bernstein & Co. Center for Leadership and Ethics
The Paul M. Montrone Seminar Series on Ethics with Joshua Klein, former Assistant United States Attorney for the Southern District of New York: White Collar Crime and Punishment: First-Hand Accounts of Infamous Financial Scandals
Monday, February 24, 2014
6: 30-8:30 p.m.
Professor Michael Keehner, Columbia Business School, will moderate.
Join Joshua Klein, former Assistant United States Attorney for the Southern District of New York and current partner and cofounder of Petrillo Klein & Boxer, for an off-the-record dinner discussion exploring infamous financial scandals he helped prosecute including the case of billionaire Raj Rajaratnam, the founder of the Galleon Group.
Joshua Klein, a co-founder of Petrillo Klein & Boxer law firm where he represents individuals and entities in complex commercial litigation, criminal matters, government enforcement proceedings, and internal investigations. Mr. Klein's clients have included senior executives of several financial institutions and multi-national corporations, principals of privately held firms, hedge funds, traders, accountants, and several banks and broker-dealers.
Mr. Klein's practice has focused on securities, accounting, trade secrets, banking, tax, and antitrust. Mr. Klein's recent matters include, representing a former Lehman Brothers CFO in federal court multi-district litigation, representing a senior financial executive in connection with multiple investigations involving mortgage-backed securities and representing a senior executive of an international oil company in connection with multiple civil and criminal investigations and related civil litigation.
Prior to co-founding the firm, Mr. Klein served for a combined thirteen years as an Assistant United States Attorney in the Office of the United States Attorney for the Southern District of New York and as counsel with the Enforcement Division of the Securities and Exchange Commission, and was widely recognized as one of the most experienced white-collar prosecutors in the Department of Justice. As a member of the SDNY Securities and Commodities Fraud Task Force for more than six years, he was counsel in numerous securities fraud investigations and prosecutions including financial statement/accounting fraud schemes, market manipulation conspiracies, investment adviser frauds and insider trading schemes. Mr. Klein served as lead counsel in the insider trading investigation of Raj Rajaratnam and Galleon, which led to the convictions of dozens of individuals.
Mr. Klein graduated from Harvard Law School (1993, cum laude) and the University of Michigan, Ann Arbor (1990, High Distinction, Phi Beta Kappa).
This event is part of the Paul M. Montrone Seminar Series on Ethics and was hosted by the Bernstein Student Leadership and Ethics Board.
A Book Talk with Gregory Zuckerman of The Wall Street Journal, "The Outrageous Inside Story of the New Billionaire Wildcatters"
Moderated by Professor Jason Bordoff, Director of the Center on Global Energy Policy at Columbia University
Monday, February 17, 2014
Feldberg Space (1st Floor), Warren Hall
Watch the video here.
In five years, the United States has seen a historic burst of oil and natural gas production, easing our insatiable hunger for energy. A new drilling process called fracking has made us the world’s fastest growing energy power, on track to surpass Saudi Arabia by 2020. THE FRACKERS looks beyond the headlines to show how the revolution really happened, the surprising wildcatters who made and lost billions, and the environmental and geopolitical impact on the nation and the world.
Biography Gregory Zuckerman is a Special Writer at The Wall Street Journal and the author of The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters, a national bestseller published November 2013 by Portfolio/Penguin Press about the nation’s move toward energy independence and the drama behind it. He also is the author of The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History, a New York Times and Wall Street Journal best-seller published in December 2010 by Crown Business, a division of Random House. The book has been translated in nine languages and was awarded book-of-the-year honors by the National Association of Real Estate Editors. At the Journal, Mr. Zuckerman writes about big financial trades, hedge funds, private-equity firms, the energy revolution and other investing and business topics. In the past, Mr. Zuckerman wrote the widely read "Heard on the Street" column and covered the credit markets for the Journal. In 2012, Mr. Zuckerman broke the story about the huge, disastrous trades by J.P. Morgan’s “London Whale.” In 2007, he was part of a team that won the Gerald Loeb award -- the highest honor in business journalism -- for breaking news coverage of the collapse of hedge fund Amaranth Advisors. He also was part of a team that won the 2003 Gerald Loeb award for breaking news coverage of the demise of telecom provider WorldCom. Mr. Zuckerman was part of a team that won the New York Press Club Journalism award in 2008. Mr. Zuckerman joined the Journal in 1996 after writing about media companies for the New York Post. Previously, he was the managing editor of Mergers & Acquisitions Report, a newsletter published by Investment Dealers' Digest. He graduated from Brandeis University in 1988, Magna Cum Laude. He lives with his wife and two sons in West Orange, N.J., where they enjoy the Yankees in the summer, the Giants in the fall, and reminisce about Linsanity in the winter.
Hosted by: the Bernstein Student Leadership and Ethics Board and the Center on Global Energy Policy.
Wednesday, January 22, 2014
Moderated by Professor Bruce Kogut, Columbia Business School.
Ratan N. Tata was the Chairman of Tata Sons, the holding company of the Tata group, from 1991 till his retirement on December 28, 2012. He was also chairman of the major Tata companies, including Tata Motors, Tata Steel, Tata Consultancy Services, Tata Power, Tata Global Beverages, Tata Chemicals, Indian Hotels and Tata Teleservices. During his tenure, the group’s revenues grew manifold, totaling over $100 billion in 2011-12.
Mr. Tata is also associated with various organizations in India and overseas. He is the chairman of two of the largest private-sector-promoted philanthropic trusts in India. He is a member of the Indian Prime Minister’s Council on Trade and Industry. He is the president of the Court of the Indian Institute of Science and chairman of the Council of Management of the Tata Institute of Fundamental Research. He also serves on the board of trustees of Cornell University and the University of Southern California. Mr. Tata serves on the board of directors of Alcoa, and is also on the international advisory boards of Mitsubishi Corporation, JP Morgan Chase, Rolls-Royce, Temasek Holdings and the Monetary Authority of Singapore.
Mr. Tata received a Bachelor of Architecture degree from Cornell in 1962. He worked briefly with Jones and Emmons in Los Angeles before returning to India in late 1962. He completed the Advanced Management Program at Harvard Business School in 1975.
The Government of India honored Mr. Tata with its second-highest civilian award, the Padma Vibhushan, in 2008. He has also received honorary doctorates from several universities in India and overseas.
This event is part of the Paul M. Montrone Seminar Series on Ethics.
Watch the trailer for our interactive debate entitled “Financial Innovation: A Risky Business?”
April 30, 2014
Retirement Reception for Prof. David Beim
April 22, 2014
The Evolution of a Corporate Idealist: When Girl Meets Oil
The Small Worlds of Corporate Governance
Identifies "structural breaks" — privatization, for example, or globalization — and assesses why powerful actors across countries behave similarly or differently in terms of network properties and corporate governance.
View the Bernstein Center brochure, Ethical Challenges in Business