Christopher J. Mayer
Paul Milstein Professor of Real Estate
Co-Director, Richman Center for Business, Law, and Public Policy
Christopher J. Mayer is a Paul Milstein Professor of Real Estate and Finance and Economics at Columbia Business School. His research explores a variety of topics in real estate and financial markets, including housing cycles, mortgage markets, debt securitization, and commercial real estate valuation. Dr. Mayer is also a principal at Longbridge Financial, a new and innovative company focused on developing and delivering reverse mortgage products to senior homeowners in a responsible manner. Professor Mayer also serves as a Visiting Scholar at the Federal Reserve Bank of New York, a Research Associate at the National Bureau of Economic Research, and a member of the Academic Advisory Board for Standard and Poor’s. He has received funding from the National Science Foundation and Pew Charitable Trusts.
Dr. Mayer has been active in advising policymakers on the financial crisis, testifying six times before committees of the U.S. Senate and House of Representatives, writing on the causes of the housing and credit bubbles for the Financial Crisis Inquiry Commission, and authoring numerous op-ed articles on housing and credit markets. He frequently appears in the media, including regular appearances on National Public Radio, Bloomberg, the Washington Post, and ABC News and commentary in The Wall Street Journal and The NY Times. Dr. Mayer previously served as Senior Vice Dean at Columbia Business School and held positions at The Wharton School, the University of Michigan, Harvard Business School, and the Federal Reserve Bank of Boston. He holds a BA in Math and Economics from the University of Rochester with highest honors and a PhD in Economics from MIT.
Professor of Professional Practice in International and Public Affairs
Director, Center on Global Energy Policy
Jason Bordoff joined the Columbia faculty after serving until January 2013 as Special Assistant to the President and Senior Director for Energy and Climate Change on the Staff of the National Security Council, and, prior to that, holding senior policy positions on the White House’s National Economic Council and Council on Environmental Quality. One of the nation’s top energy policy experts, he joined the Administration in April 2009.
At Columbia's School of International and Public Affairs, Bordoff is a professor of professional practice and serves as Director of SIPA’s Center on Global Energy Policy. Bordoff's research and policy interests lie at the intersection of economics, energy, environment, and national security. Prior to joining the White House, Bordoff was the Policy Director of the Hamilton Project, an economic policy initiative housed at the Brookings Institution. He is also a member of the Council on Foreign Relations, a consultant to the National Intelligence Council, and serves on the board of the Association of Marshall Scholars.
During the Clinton Administration, Bordoff served as an advisor to the Deputy Secretary of the U.S. Treasury Department. He was also a consultant with McKinsey & Company, one of the leading global strategy consultancies. Bordoff graduated with honors from Harvard Law School, where he was treasurer and an editor of the Harvard Law Review, and clerked on the U.S. Court of Appeals for the D.C. Circuit. He also holds an MLitt degree from Oxford University, where he studied as a Marshall Scholar, and a BA magna cum laude and Phi Beta Kappa from Brown University.
Jeffrey N. Gordon
Richard Paul Richman Professor of Law at Columbia Law School
Co-director of the Millstein Center for Global Markets and Corporate Ownership
Jeffrey N. Gordon is the Richard Paul Richman Professor of Law at Columbia Law School and co-director of the Millstein Center for Global Markets and Corporate Ownership. He is also co-director of the Richman Center for Business, Law and Public Policy. Professor Gordon teaches and writes extensively on corporate governance, mergers and acquisitions, comparative corporate governance, and, more recently, the regulation of finance institutions. Recent papers relevant to current debates include: Executive Compensation and Corporate Governance in Financial Firms: The Case for Convertible Equity-Based Pay (2012 Columbia Business Law Review); The Agency Costs of Agency Capitalism (with Ronald J. Gilson) (May 2013 Columbia Business Law Review), Money Market Funds Run Risk: Will Floating Net Asset Value Fix the Problem? (with Christopher M. Gandia) (posted on SSRN); and Systemic Harms and the Limits of Shareholder Value (with John Armour).
He is working on a book on Principles of Financial Regulation with co-authors from Oxford and a revision of the Law and Finance of Corporate Acquisitions with Professor Gilson and others. Professor Gordon graduated from Yale and Harvard Law School, clerked for a federal appeals court judge, practiced at a New York law firm, and worked in the General Counsel’s office of the U.S. Treasury. He began his academic career at NYU in 1982 and moved to Columbia in 1988. While at Treasury, he worked on the Chrysler Corporation loan guarantee program and financial regulation.
Michael J. Graetz
Wilbur H. Friedman Professor of Tax Law
Columbia Alumni Professor of Tax Law
Columbia Law School
Michael J. Graetz is the Wilbur H. Friedman Professor of Tax Law and the Columbia Alumni Professor of Tax Law at Columbia Law School. Before coming to Columbia in 2009, he was the Justus S. Hotchkiss Professor of Law at Yale University, where he had taught since 1983. Before Yale, he was a professor of law at the University of Virginia and the University of Southern California Law Schools and Professor of Law and Social Sciences at the California Institute of Technology. His most recent book is The End of Energy: The Unmaking of America’s Environment, Security and Independence, published in spring 2011 by MIT Press. His previous books include 100 Million Unnecessary Returns: A Simple, Fair, and Competitive Tax Plan for the United States,(Yale University Press, 2008); Death by a Thousand Cuts: The Fight over Taxing Inherited Wealth (Princeton University Press, 2005); True Security: Rethinking Social Insurance (Yale University Press, 1999); The U.S. Income Tax: What It Is, How It Got That Way and Where We go From Here, (W.W. Norton & Co, 1999) (a paperback edition of the book originally published as The Decline (and Fall?) of the Income Tax) and Foundations of International Income Taxation (Foundation Press, 2003.) He is also the co-author of a leading law school course book, Federal Income Taxation: Principles and Policies, (Foundation Press, 2009). His publications on the subject of Federal taxation also include more than 60 articles on a wide range of tax, international taxation, health policy, and social insurance issues in books and scholarly journals.
During January-June 1992, Michael Graetz served as Assistant to the Secretary and Special Counsel at the Treasury Department. In 1990 and 1991, he served as Treasury Deputy Assistant Secretary for Tax Policy. Professor Graetz has been a John Simon Guggenheim Memorial Fellow, and he received an award from Esquire Magazine for courses and work in connection with provision of shelter for the homeless. He served on the Commissioner's Advisory Group of the Internal Revenue Service. He served previously in the Treasury Department in the Office of Tax Legislative Counsel during 1969-1972. He is a fellow of the American Academy of Arts and Sciences.
Professor Graetz is a graduate of Emory University (B.B.A. 1966) and the University of Virginia Law School (J.D. 1969). A native of Atlanta, Georgia, Michael Graetz is married to Brett Dignam and has five children.
Robert Glenn Hubbard
Russell L. Carson Professor of Finance and Economics
Columbia Business School
R. 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. As a faculty member at Columbia University’s Graduate School of Arts and Sciences, he is professor of 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 holds AM and PhD degrees in economics from Harvard University, where he received fellowships from the National Science Foundation and the Alfred P. Sloan Foundation.
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 and principles of economics, as well as co-author of 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 and radio.
In government, Professor Hubbard served as deputy assistant secretary of the U.S. Treasury Department for Tax Policy from 1991 to 1993. He supervised administration efforts on revenue estimates, tax reform, and health policy. From February 2001 until March 2003, he was chairman of the U.S. Council of Economic Advisers under President George W. Bush. His responsibilities included advising the president on economic policy, tax and budget policy, emerging market financial issues, international finance, health care, and environmental policy. 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 has also served on the advisory boards of several organizations, including the Council on Competitiveness, the American Council on Capital Formation, the Tax Foundation, and the Center for Addiction and Substance Abuse. He is a life member of the Council on Foreign Relations, Chairman of the Economic Club of New York, and Co-Chairman of the Committee on Capital Markets Regulation.
Arthur F. Burns Professor of Free and Competitive Enterprise
Columbia Business School
Wei Jiang is an Arthur F. Burns Professor of Free and Competitive Enterprise in the Finance Division at Columbia Business School. She served on the faculty advisory boards of the Chazen Institute of International Business, the Heilbrunn Center for Graham & Dodd Investing, the Program for Financial Studies, and the Richman Center for Business, Law, and Public Policy. Jiang received her B.A. and M.A. in international economics from Fudan University (China), and Ph.D. in economics from the University of Chicago in 2001 after which she joined Columbia Business School. She has since taught in the Master, MBA or EMBA programs at Chicago, Columbia, Wharton, and Berkeley. She was an investment banking associate at Prudential Securities (Shanghai) before pursuing her Ph.D. degree.
Professor Jiang’s main research interest lies in the strategies of institutional investors (such as hedge funds and mutual funds) and their role in corporate decisions and financial markets. Her research has been published in top academic journals as well as featured in major media, including the Wall Street Journal, Economist, Institutional Investors, Money, Fortune, Business Week, New York Times and Financial Times. She received the Smith-Breeden Distinguished Paper Prize from the Journal of Finance, multiple best paper prizes from the Western Finance Association, Chicago Quantitative Alliance, UK Inquire, the Q-Group, and the Wharton School Terker Family Prize in Investment Research. She is currently the Finance Area Editor of Management Science, and associate editor at the Journal of Finance and Review of Financial Studies.
Professor Jiang has taught various courses in corporate finance and is a five-time recipient of teaching excellence awards at Columbia Business School since 2005. Most recently she was voted by the Class of 2013 MBA students to receive the Singhvi Prize for Scholarship, awarded to a full-time faculty member for his/her dedication to teaching and the ability to communicate knowledge.
Professor of Economics and of International and Public Affairs
Wojciech Kopczuk is a Professor of Economics and of International and Public Affairs at Columbia University (where he has worked since 2003), a Research Associate at the National Bureau of Economics Research and co-editor of the Journal of Public Economics. He holds a PhD from University of Michigan and MSc in computer science from Warsaw University. His research focuses on economic implications and design of tax policy and administration, as well as on income and wealth inequality, and it has been published in leading economics journals.
Andrew L. Stern
Ronald O. Perelman Senior Fellow, Richman Center
Andrew L. Stern is a Senior Fellow at the Columbia University Richman Center and the former President of the 2.2 million member Service Employees International Union (SEIU), the largest union of health care, hospital, nursing home, homecare, janitors, security officers, child care, food service, and state workers, and the fastest-growing union in North America. Previously as a labor leader, and today in new roles, Stern is a leading voice on major issues confronting American workers, and the American economy as the United States confronts the challenges posed by the "global revolution"--the third economic revolution in world history. Stern's 21st century ideas and practical solutions about restoring the American Dream are featured in his book, A Country That Works (Free Press).
Stern was a Presidential appointee to the National Commission on Fiscal Responsibility and Reform (Simpson-Bowles), and a member of the Council on Foreign Relations U.S. Trade and Investment Policy Task Force. His name is frequently found on the short lists for everything from Washington's most influential leaders on healthcare to Modern HealthCare’s Top 10 leaders, as well as Fortune and Washingtonian Magazine's “Top Power Player”. Stern was the Fox “Power Player of the Week”, had the “Last Word” on CNN with John King, and appeared on the “Colbert Report", Bill Moyers, Charlie Rose, and the cover of Business Week, and The New York Times Sunday Magazine.
Stern is a graduate of the University of Pennsylvania, and has two children, Matt and Cassie.
Columbia Business School
Pierre Yared is an associate professor at Columbia Business School. He is a macroeconomist whose research focus is growth, development, and political economy. His theoretical and empirical research has made a number of major practical contributions. For example, Yared’s work shows that economic development does not necessarily promote political development; that central planning can generate economic fragility; and that governments cannot commit to sound fiscal promises if political institutions are weak. His research has been published in leading academic journals and has been covered in the Economist, Foreign Policy, and National Public Radio.
Yared is a Faculty Research Fellow of the National Bureau of Economic Research and an Associate Editor of the Journal of the European Economic Association. He teaches Global Economic Environment, a Core MBA course in macroeconomics. He received his A.B. in Economics from Harvard University and his Ph.D. in Economics from Massachusetts Institute of Technology.