Friday – April 11, 2014
Conference speakers by panel:
- Tax Salience
- Fraud & Corruption
- Behavioral Finance
- Energy & Climate Change
- Rethinking Behavior-ism
Dr. Sim Sitkin
Sim Sitkin is Professor of Management and founding Faculty Director of the Fuqua/Coach K Center on Leadership and Ethics at the Fuqua School of Business, and Director of the Behavioral Science and Policy Center at Duke University. Previously at Duke, he served as Area Head for the Management and Organizations Department, Faculty Director of Fuqua's Health Sector Management Program, and Staudenmeyer Research Fellow. Sim has also been Academic Director at Duke Corporate Education and on the faculty of the University of Texas at Austin and the Free University of Amsterdam. He is a Founding Partner of Delta Leadership, Inc. He was elected a Fellow of the Academy of Management in 2010 and the Society for Organizational Behavior in 2013.
Professor Sitkin's research focuses on leadership and control systems, and their influence on how organizations and their members become more or less capable of change and innovation. He is widely known for his research on the effect of formal and informal organizational control systems and leadership on risk taking, accountability, trust, learning, M&A processes, and innovation. His research has appeared in such publications as Academy of Management Journal, Academy of Management Review, Administrative Science Quarterly, Harvard Business Review, and Organization Science. His most recent book is Organizational Control (Cambridge University Press, 2010). He is one of only two individuals to have won Best Paper awards from the Academy of Management Review (the top ranked management journal).
He has served in editorial and funding review roles for leading journals, editorial boards, and funding panels in the U.S., Canada, Hong Kong, and Australia and has served on several boards of directors (including Academy of Management, Society of Organizational Learning, and Center for the Public Domain). He is Founding Editor of Behavioral Science and Policy, Editor of the Academy of Management Annals, Consulting Editor of Science You Can Use, Advisory Board Member of the Journal of Trust Research, having previously served as Senior Editor of Organization Science and Associate Editor of the Journal of Organizational Behavior.
He has extensive consulting and executive education experience with corporations, non-profits, and government organizations worldwide (including ABB, Alcoa, American Airlines, Areva, Baker Tilly, bioMerieux, Carolina Power & Light, Cisco Systems, Compaq Computer, Corning, Credit Suisse First Boston, Deutschebank, Duke Medical Center, Ericsson, Glaxo, Hart Graphics, IBM, La Quinta, Maxcor, Omgeo, PricewaterhouseCoopers, Red Hat Software, R.H. Donnelley, Siemens, State Farm Insurance, URS, U.S. Dept of Justice, Xerox Corporation, and Xiamen Health System). In this work, he has focused on strategic leadership, leading and managing change (including mergers and acquisitions), organizational learning and knowledge management, and the design of organizational control systems.
Before joining the faculty of Duke University in 1994, Sim was on the faculty of the University of Texas at Austin and has been a visiting scholar at Carnegie Mellon University, Massachusetts Institute of Technology, Stanford University, Xerox Palo Alto Research Center, and the University of Queensland. Prior to obtaining his PhD in organizational behavior from Stanford University, Sim spent over ten years in a variety of managerial and executive roles with responsibility for planning, information technology, financial administration, and research in consulting, non-profit, and government organizations.
Dr. Henry Grabowski
Henry G. Grabowski has been a professor in the department of economics at Duke University since 1976 where he has specialized in health economics, industrial organization, and law and economics. The same year he became a full professor, he also served as a research fellow at the International Institute of Management. Before first joining the Duke faculty in 1972, he was a research associate for the National Bureau of Economic Research, an assistant professor of economics at Yale University, and a visiting scholar at the Health Care Financing Administration. Professor Grabowski earned his Ph.D. in economics in 1967 from Princeton University, where he also earned his M.A. in 1964.
Professor Grabowski’s teaching and research interests revolve around the economics of the pharmaceutical industry, the economics of innovation, and governmental regulation of business. His specific interests within these fields include intellectual property and generic competition issues, the effects of government policy actions, and the costs and returns to pharmaceutical R&D. His research studies have examined government policy actions and their effects on the pharmaceutical industry, costs and returns to the industry, and issues involving generic competition and intellectual property. Some of his recent published works include, “Follow-on Biologics: Data exclusivity and the Balance Between Innovations and Competition", “Do Faster FDA Drug Reviews Adversely Affect patient Safety? An Analysis of the 1992 Prescription Drug User Fee Act" with Richard Wang, and “Mergers and Alliances in Pharmaceuticals: Effects on Innovation and R&D Productivity" with Margaret Kyle. He has published over seventy-five articles in the leading academic journals and provided chapters to nearly thirty books.
Along with publishing his work, Professor Grabowski publicizes his research findings and ideas through presentations given nationally and internationally. He has been invited to speak at Columbia University, Georgetown University, Keio University in Tokyo, the American Economic Association meetings in Washington, D.C., the American Association for Advancement in Science in Boston, the University of Vienna, the Centre for Medicines Research Annual Lecture in London, and to many other prestigious universities and conventions.
Professor Grabowski holds various professional positions, in addition to his research and teaching responsibilities. At Duke University, he is the Director of the Program in Pharmaceuticals and Health Economics. He has also worked for the Arts and Sciences Council and for their Academic Priorities Committee. Professor Grabowski has served as an advisor and consultant to various organizations, offering his ideas and insights gained through his extensive investigations to the National Trade Academy of Sciences, the Institute of Medicine, the Office of Technology Assessment, the Federal Trade Commission, and the General Accounting Office. His latest project involved an analysis for the FTC concerning public policy, competition and investment in the “Next Generation of Biologics." He was the program director for the Program in Pharmaceuticals and Health Economics for twenty years.
Dr. Barak Richman
Barak Richman is the Edgar P. and Elizabeth C. Bartlett Professor of Law and Business Administration at Duke University. His interdisciplinary research has examined social relations among ethnic merchants, utilization of health insurance benefits, antitrust policy towards healthcare providers, and organizational innovation in healthcare markets. His publications have appeared both in top law reviews as well as Law and Social Inquiry, the New England Journal of Medicine, the Journal of the American Medical Association, and Health Affairs. In 2006, he co-edited with Clark Havighurst a symposium volume of Law and Contemporary Problems entitled “Who Pays? Who Benefits? Distributional Issues in Health Care," and his book Stateless Commerce is to be published by Harvard University Press in 2015.
Professor Richman’s primary appointment is at Duke Law School, where he won the Blueprint Award in 2005 and was named Teacher of the Year in 2010, and he also is on Fuqua’s Health Sector Management faculty and is a Senior Fellow at the Kenan Institute for Ethics. He represented the NFL Coaches Association in an amicus curiae brief in American Needle v. The Nat’l Football League, which was argued before the U.S. Supreme Court in January 2010 and again in Brady v. The Nat’l Football League in 2011. His recent work challenging illegal practices by Rabbinical Associations was featured in the New York Times.
Professor Richman has an A.B., magna cum laude, from Brown University, a J.D., magna cum laude, from Harvard Law School, and a PhD from the University of California, Berkeley, where he studied under Nobel Laureate in Economics Oliver Williamson. Professor Richman served as a law clerk to Judge Bruce M. Selya of the United States Court of Appeals for the First Circuit, and from 1994-1996 he handled international trade legislation as a staff member of the United States Senate Committee on Finance, then chaired by Senator Daniel Patrick Moynihan. His work is available at http://ssrn.com/author=334149.
Brad Wilson brought to Blue Cross and Blue Shield of North Carolina a passion for health care, a deep commitment to community involvement and expertise in business and public policy.
As president and Chief Executive Officer of the state’s largest health insurer (4,200 employees, 3.7 million customers), Brad is dedicated to improving North Carolina’s health care system, making health care more affordable and helping BCBSNC adapt in a changing health care environment.
Wilson serves as chair of the National Institute for Health Care Management to address health care challenges at the national level. He also serves as a director of the Blue Cross and Blue Shield Association, America’s Health Insurance Plans (AHIP), BCS Financial Corporation and Prime Therapeutics, among others.
This work continues in North Carolina, where he chairs the Blue Cross and Blue Shield of North Carolina Foundation — an independent charitable organization that has invested nearly $90 million in community-based health and wellness efforts. He is also treasurer of the North Carolina Chamber, board member of the Research Triangle Regional Partnership and a past chair of the University of North Carolina Board Of Governors.
Wilson, who joined BCBSNC in 1995, held a range of senior-level positions – including as senior vice president, general counsel, and corporate secretary – before being tapped to lead the organization in 2010. A lifelong North Carolinian, Brad graduated cum laude from Appalachian State University, earned his J.D. from Wake Forest University School of Law, and completed a Master’s degree in Liberal Studies focused on a historical perspective of healthcare. He was in private practice from 1978 to 1992 at a law firm in Lenoir, NC, specializing in corporate law, banking, commercial transactions, education, and business law. From 1992 to 1995, Wilson served as general counsel to Governor Jim Hunt,directing the governor’s legislative strategy and heading his legal department. In 1995, served as acting secretary of the NC Department of Crime Control and Public Safety.
Peter A. Barnes recently retired from General Electric, where he was Senior Tax Counsel – International. In that capacity, he supported GE and its affiliates on tax matters throughout the Asia-Pacific region and worked on global initiatives such as transfer pricing. At GE, Mr. Barnes played a key role in supporting the company's international tax operations, with a particular emphasis on Asia. From 1994 to 1997, he was based in Hong Kong. Mr. Barnes helped build and lead GE's tax team across Asia, including extensive work in India, China, Japan, and Korea. He led and assisted global programs for GE, including the company's trademark licensing and transfer pricing work.
Prior to joining GE, Mr. Barnes served as U.S. Deputy International Tax Counsel at the U.S. Treasury Department's Office of Tax Policy, where he represented the U.S. government in treaty negotiations and as a delegate to the Organization for Economic Co-operation and Development (OECD). During his career at the U.S. Treasury, Mr. Barnes helped implement guidance arising from the Tax Reform Act of 1986. He earlier practiced as a tax attorney with Hughes Hubbard & Reed in Washington, D.C.
In addition to his appointment at both Duke Law School and the Sanford School of Public Policy, Barnes is a Senior Fellow at the Duke Center for International Development and Of Counsel to the Washington, D.C. law firm Caplin & Drysdale, Chartered. From 2011 to 2013, Mr. Barnes was an Adjunct Professor at New York University School of Law Graduate Tax Program teaching a course on "Asia-Pacific Tax Systems."
Barnes received his undergraduate degree from the University of North Carolina-Chapel Hill and his J.D. from Yale University, where he was Managing Editor of the Yale Law Journal. After law school he clerked for the Honorable Judge Gerhard A. Gesell of the U.S. District Court for the District of Columbia.
Jasper (Jack) Cummings
Jack Cummings is counsel in the Federal Tax Group of Alston & Bird in Raleigh and Washington, D.C. He served as IRS associate chief counsel (corporate) and chair of the Corporate Tax Committee of the ABA Section of Taxation. His books include The American Jobs Creation Act of 2004 (with Robert Hanson), The Supreme Court’s Federal Tax Jurisprudence published by the American Bar Association in 2010 and The Supreme Court, Federal Taxation and the Constitution, published by the American Bar Association in 2013. In addition, he regularly authors a column in Tax Notes ("What Were They Thinking?").
Jack is a summa cum laude graduate of Duke University, Yale Law School, and the Graduate Tax Program at NYU School of Law. He has also successfully argued a state tax case in the Supreme Court of the United States, Fulton Corp. v. Justus, 516 U.S. 325 (1996).
Professor David Gamage
David Gamage's research and teaching interests are in the areas of taxation, budget policy, public finance, health care, contract law, and consumer protection law. Gamage has written extensively on both state- and federal-level tax and budget policy, on tax theory, and on the intersections between taxation and health care. Professor Gamage has testified on these topics before state legislatures and has presented to a number of other government audiences. He is also regularly interviewed on these topics by radio, television, and print media.
From 2010 through 2012, Professor Gamage served as Special Counsel and Senior Stanley S. Surrey Fellow to the U.S. Department of the Treasury, Office of Tax Policy. In that position, Professor Gamage administered the individual income tax portfolio of the Treasury Department's Tax Legislative Counsel, thus overseeing the drafting of all individual income tax regulations, as well as advising on new legislation and executive branch initiatives related to the individual income tax. Professor Gamage's position primarily involved the implementation of the tax provisions of the Affordable Care Act (“Obamacare").
Gamage’s scholarship has been published in a range of journals, including the peer-edited Tax Law Review and the University of Chicago and California Law Reviews. His textbook, Taxation: Law, Planning, and Policy (co-authored with Michael Livingston), is published by LexisNexis. His forthcoming book on health care reform (co-authored with Amy Monahan) will be published by Oxford University Press.
Gamage previously worked as a consultant at the San Francisco office of Bain & Company. He received his J.D. from Yale University, where he was an Olin Fellow in Law & Economics and a Senior Editor of the Yale Law Journal, a M.A. in Economic and Organizational Sociology and a B.A. in Economics, with distinction, from Stanford University.
Professor Kathleen Thomas
Kathleen DeLaney Thomas is an Assistant Professor of Law at UNC School of Law, where she teaches courses in Federal Income Tax, Tax Policy, and Contracts. She writes primarily in the areas of taxpayer compliance, behavioral law and economics, and tax policy. Her recent scholarship on the intersection of behavioral law and economics and tax compliance includes Presumptive Collection: A Prospect Theory Approach to Increasing Small Business Compliance, which was recently published in NYU School of Law’s peer-edited Tax Law Review.
Professor Thomas was previously an Acting Assistant Professor of Tax Law at NYU School of Law from 2011-2013, where she taught courses in Tax Procedure, Tax Policy, and Taxation of Property Transactions. Prior to entering into law teaching, Professor Thomas practiced tax law in New York. From 2007-2011, she was an associate at Cooley LLP, where her practice focused primarily on tax controversy. Her work at Cooley involved representing taxpayers at all stages of federal and state tax litigation, including coordinating expert testimony, preparing witnesses for trial, and representing clients during the IRS Appeals process. From 2005 to 2007, she was an associate at Simpson Thacher & Bartlett LLP, where her practice included advising clients on tax aspects of securities offerings, banking and finance transactions, mergers and acquisitions, and partnership tax issues related to private equity funds. She had a particular focus on transactions involving financial products, including hybrid debt-equity instruments and equity derivative instruments.
Professor Thomas received her B.S. in Mathematics, summa cum laude and Phi Beta Kappa, from the College of William & Mary. She received a J.D., cum laude, from NYU School of Law and an LL.M. in Taxation from NYU School of Law.
Professor Larry Zelenak
Lawrence Zelenak teaches income tax, corporate tax, and a tax policy seminar. His publications include numerous articles on tax policy issues and a treatise on federal income taxation of individuals. His most recent book is Learning to Love Form 1040: Two Cheers for the Return-Based Mass Income Tax (University of Chicago Press, 2013).
Zelenak’s recent articles include “Choosing Between Tax and Nontax Delivery Mechanisms for Health Insurance Subsidies," 65 Tax Law Review 723-747 (2012); “Custom and the Rule of Law in the Administration of the Income Tax," 62 Duke Law Journal 829-855 (2012); “The Great American Tax Novel," 110 Michigan Law Review 969-984 (2012) (reviewing David Foster Wallace, The Pale King (2011)); and “Tax Scholarship: Useful and Useless," 130 Tax Notes 1337-1341 (2011).
Prior to joining Duke Law in 2003, Zelenak was a member of the Columbia Law School faculty. Earlier he was a faculty member at the University of North Carolina School of Law; professor in residence at the Office of the Chief Counsel, Internal Revenue Service, Washington, D.C.; an assistant professor at Lewis and Clark Law School in Portland, Oregon; and an associate with the firm of LeSourd and Patten in Seattle. He has also been a visiting professor at the University of Utah School of Law.
Zelenak received his B.A., summa cum laude, from the University of Santa Clara, and his J.D., magna cum laude, from Harvard Law School in 1979.
Dr. Ed Ballesien
Edward J. Balleisen is Associate Professor of History and Public Policy at Duke University and Senior Fellow at Duke’s Kenan Institute for Ethics, where he directs the “Rethinking Regulation" project. Balleisen teaches American business, legal, and policy history. In 2005, he received Duke’s Howard D. Johnson Award for Excellence in Undergraduate Teaching. The following year, he founded the Triangle Legal History Seminar, a regional workshop for faculty and graduate students. The author of Navigating Failure: Bankruptcy and Commercial Society in Antebellum America (2001), and Scenes from a Corporate Makeover: Columbia-HCA and Medicare Fraud, 1992-2001 (2003), he has also co-edited Government and Markets: Toward a New Theory of Regulation (2009) with David Moss.
His most recent essays consider the role (or absence) of historical analysis in regulatory decision-making, the evolution of business self-regulation in the United States between 1850 and 1940, and the nature of private fraud policing in early twentieth-century America.
Balleisen has recently edited a three volume multidisciplinary research collection on “Business Regulation" for Elgar Publishing (due out in 2014), and is completing a major history of business fraud in the United States, Wrestling with the Flim-Flam Man: A History of Business Fraud in America. Along with Jonathan Wiener, Lori Bennear, and Kim Krawiec, he is also co-editing a multidisciplinary volume on regulatory responses to major events such as nuclear accidents, oil spills, and financial crashes.
Professor William K. Black
Bill Black, a white-collar criminologist, is an Associate Professor of Economics and Law at the University of Missouri – Kansas City (UMKC), where he teaches white-collar crime, public finance, antitrust, law and economics, and Latin American development. He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics.
He was litigation director of the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and General Counsel of the Federal Home Loan Bank of San Francisco, and Senior Deputy Chief Counsel, Office of Thrift Supervision. He was deputy director of the National Commission on Financial Institution Reform, Recovery and Enforcement.
Black’s regulatory career is profiled in Chapter 2 of Professor Riccucci's book Unsung Heroes (Georgetown U. Press: 1995), Chapter 4 (“The Consummate Professional: Creating Leadership") of Professor Bowman, et al’s book The Professional Edge (M.E. Sharpe 2004), and Joseph M. Tonon’s article: “The Costs of Speaking Truth to Power: How Professionalism Facilitates Credible Communication" Journal of Public Administration Research and Theory 2008 18(2):275-295. His book, The Best Way to Rob a Bank is to Own One (University of Texas Press 2005), has been called “a classic" by the likes of George Akerlof and has been praised for its analysis of the critical role of Chairman Gray’s leadership in regulating and resupervising the S&L industry.
Black developed the concept “control fraud" – frauds in which the leader uses the entity as a “weapon." Control frauds cause greater financial losses than all other forms of property crime combined and kill and maim thousands. He recently helped the World Bank develop anti-corruption initiatives, served as an expert for OFHEO in its enforcement action against Fannie Mae’s CEO, assisted Icelandic and French leaders responding to their financial crises, and addressed members of the UN General Assembly on policies needed to reduce the risk of future financial crises. Black has testified five times before Congress with respect to the financial crisis – specifically on financial derivatives, executive and professional compensation, Lehman’s failure and related regulatory failures, and the role of control fraud in the bubble and crisis. He is Benzinga’s regulatory columnist and appears weekly in Bill Black’s Finance and Fraud Report on the Real News Network.
Professor Susanna Blumenthal
Susanna Blumenthal is a scholar of American legal history. She is visiting professor at Duke Law School in the spring of 2014 from the University of Minnesota, where she holds appointments in the Law School and the History Department. Her scholarship focuses on the historical relationship between law and the human sciences and has appeared in such publications as Harvard Law Review, Law and History Review, and UCLA Law Review. Professor Blumenthal is the author of Law and the Modern Mind: Consciousness and Responsibility in American Legal Culture (forthcoming, Harvard University Press). This book undertakes a broad-scale historical analysis of the ways religious, philosophical, and scientific ideas about human consciousness have informed and inflected everyday determinations of liability, with a particular focus on the nineteenth century, the era in which many of our modern ideas about selfhood, capacity, and responsibility. Her current research is concerned with the legal regulation of fraud in nineteenth-century America, with a particular focus on the conceptions of human nature and human psychology that informed those charged with policing ambiguous borderland between capitalism and crime.
Professor Blumenthal is a graduate of Yale Law School and Harvard College and she holds a Ph.D. in history from Yale University, where her dissertation was awarded the George Washington Egleston Prize. Her doctoral work was supported by a Samuel I. Golieb Fellow in Legal History from New York University School of Law. She received an Andrew W. Mellon Fellowship from the American Council of Learned Societies for 2003-2004 and was a Sargent-Faull Fellow at the Radcliffe Institute for Advanced Study at Harvard University (2003-2004) as well as a Fellow in the Program in Law and Public Affairs at Princeton University (2009-2010). She co-directs the Program in Law and History at the University of Minnesota, where she was appointed the John K. & Elsie Lampert Fesler Fellow (2007-2008). Before entering the academy, she served as law clerk to Judge Kimba M. Wood of the United States District Court for the Southern District of New York.
Professor Sam Buell
Samuel Buell is a Professor of Law at Duke University. His research and teaching focus on criminal law and on the regulatory state, particularly regulation of corporations and financial markets. His current work explores the conceptual structure of white collar offenses, the problem of behaviors that evolve to avoid legal control, and the treatment of the corporation and the white collar offender in the criminal justice system.
Buell's recent publications have appeared in Law & Contemporary Problems, Duke Law Journal, UCLA Law Review, NYU Law Review, Stanford Law Review, Cardozo Law Review, and Indiana Law Journal. He is a member of the American Law Institute and has testified before the United States Senate and the United States Sentencing Commission on matters involving the definition and punishment of corporate crime.
Buell previously served as an associate professor at Washington University School of Law in St. Louis and a visiting assistant professor at the University of Texas School of Law. Prior to his academic career, he worked as a federal prosecutor in New York, Boston, Washington, and Houston. He twice received the Attorney General’s Award for Exceptional Service, the Department of Justice’s highest honor, and was a lead prosecutor for the Department’s Enron Task Force.
Buell clerked for the Honorable Jack B. Weinstein of the U.S. District Court for the Eastern District of New York and practiced as an associate with Covington & Burling in Washington, D.C. He graduated summa cum laude from New York University School of Law and magna cum laude from Brown University.
Robert B. Pringle
Robert Pringle is a graduate of the Duke University School of Law. After graduating, and spending a year as a law clerk to the Honorable Oliver D. Hamlin, U.S. Court of Appeals for the Ninth Circuit, and a year as an assistant professor, he commenced practice in San Francisco, California. He is a partner in Winston & Strawn LLP in its San Francisco office, where he practices principally in the antitrust/competition area. The focus of his practice in recent years has been in the area of international antitrust matters, particularly acting for technology companies, including counseling on issues relating to the intersection of intellectual property rights and antitrust rules, international and domestic cartel enforcement and private/class action litigation...
Mr. Pringle has previously served two active terms on the Board of Visitors of the Law School, and he is currently a lifetime emeritus member of the Board. He has served on the Board of the Antitrust and Unfair Competition Section of the State Bar of California. He was recently honored as Antitrust Lawyer of the Year by the State Bar of California. He has actively participated in the work of the ABA’s Antitrust Section, Litigation Section, and Public Utility Communications and Transportation Section (where he is presently Chair). He has been active in matters related to the U.S. courts, and served for seven years on the Standing Committee on Professional Conduct for the U.S. District Court for the Northern District of California (having acted as Chair of the Committee for two years). He has been repeatedly named in Best Lawyers in the United States, Who’s Who in American Law, Chambers USA, Who’s Who in America, Who’s Who in the World.
In addition, Pringle has consulted on mergers and acquisitions, joint ventures, and marketing arrangements, has represented clients before enforcement agencies in the United States and abroad, and has frequently been engaged in large, multiparty antitrust litigations, principally in the federal courts. Some of the more significant litigations in the federal courts included: the Data General Antitrust Litigation, the Dual-Deck VCR Antitrust Litigation, the DRAM Antitrust Litigation, the SRAM Antitrust Litigation, the California Electricity Antitrust Litigation, the California Lettuce Cooperative Antitrust Litigation, the Optical Disk Drive Antitrust Litigation, the California Cellular Telephone Antitrust Litigation, the Lithium Ion Battery Antitrust Litigation, the Los Angeles Grocery Antitrust Litigation.
Over the years, he has shown a keen interest in law and economics and was an early advocate for the Law School’s attention to this area and enriching the courses available to law students in this area. This was borne out of his extensive work with the Frank Easterbrook and Richard A. Posner, while they were then professors at the University of Chicago, and numerous consulting economists, such as Drs. George Stigler, Benjamin Klein, Dennis W. Carlton and others.
Professor Lawrence Baxter
Professor Lawrence G. Baxter is the William B. McGuire Professor of the Practice of Law at Duke Law School. He was professor of law at the University of Natal, South Africa before joining the faculty Duke in 1986. Baxter left Duke in 1995 to become an executive vice president at Wachovia Corporation, where he built an emerging businesses group and the bank’s online financial services business. Baxter returned to Duke in 2009 as a professor of the practice, and he now teaches and researches in the fields of large banking regulation, derivatives and financial markets. In addition to his teaching at Duke, Baxter has spoken, taught and published on international and US financial regulation in a number of foreign centers, including Shanghai, Hong Kong, Seoul, Brussels, London and Johannesburg.
In his career Baxter has established a record of accomplishment across a wide range of disciplines, from higher education to large corporate business. As a tenured professor at world-class institutions of higher learning, Baxter is a popular teacher of large and small classes and a prolific publisher of scholarly articles. As a business leader Baxter developed a proven track record of building complex new businesses from inception to industrial scale while demonstrating operational and service excellence. His involvement at the cutting edges of technology-driven business has provided Baxter with a rare grounding in the way in which public policy and law are translated into action within the economy. Throughout his career, a consistent characteristic of Baxter’s work as both academic and business leader has been the successful application of cutting-edge thinking in multiple disciplines to develop new approaches to understanding and addressing complex issues in the private and public sectors.
Christian L. Broadbent is Chief Counsel of the Office of Credit Ratings at the United States Securities and Exchange Commission (SEC). As Chief Counsel, he provides advice on legal, policy, and other regulatory matters regarding nationally recognized statistical rating organizations (NRSROs), and also on administrative law and internal compliance.
Mr. Broadbent began his professional career at the law firms of WilmerHale and Dewey LeBoeuf, where he practiced corporate and securities law. He joined the SEC in 2002, and has since held positions of increasing responsibility.
Immediately prior to becoming Chief Counsel, he served as Senior Advisor to the Chair for both Mary Jo White and Elisse Walter. In this capacity, he provided legal and policy advice regarding the SEC's Office of Compliance, Inspections and Examinations (OCIE), the Division of Investment Management (IM), and the Federal Housing Finance Agency (FHFA). He also served as Counsel to two SEC Commissioners. In these positions, his broad portfolio included financial services and other policy matters -- with an emphasis on enforcement and investment management, administrative law, as well as ethics and other internal SEC matters. He also assisted with the implementation of major financial services legislation, including the Dodd-Frank Act and Jobs Act.
Mr. Broadbent serves on the board of the Duke University Law Alumni Association, and is a member of Duke University’s Barrister and Cornerstone Societies. He is also the former Vice-Chair of the D.C. Bar’s Investment Management Committee. His professional acknowledgements include the Charles S. Murphy Award (Achievement in Civic Service), and the SEC’s Manuel F. Cohen (Outstanding Younger Lawyer) and Law and Policy Awards. Mr. Broadbent graduated from Duke Law School in 1999 with JD and LLM degrees, where he was Editor-in-Chief of the Duke Journal of Comparative and International Law, is admitted to practice in the District of Columbia and Arizona, and is proficient in Portuguese.
Professor James D. Cox
James D. Cox, Brainerd Currie Professor of Law. B.S. 1966, Arizona State University; J.D. 1969, University of California, Hastings College of the Law; LL.M. 1971, Harvard University.
Jim Cox is a native of Kansas. He entered law teaching as a fellow at Boston University and has since taught at the University of San Francisco, Stanford University, and the University of California, Hastings College of the Law, before coming to Duke in 1979.
He has focused his writing and teaching in the areas of corporate and securities law, and is the author of a book on the utilization of financial information in the regulation of public corporations, a 2010 multi-volume treatise on corporate law, and casebooks on securities regulations (6th ed. 2009) and business organizations (10th ed. 2011). He spent the spring of 1989 as a senior Fulbright research fellow at the University of Sydney. In addition to these texts and treatises, he has published extensively in the areas of market regulation and corporate governance, and has testified before the U.S. House and Senate on insider trading, class actions, and market reform issues.
He was a former member of the New York Stock Exchange Legal Advisory Committee and the NASD Legal Advisory Board, the American Law Institute, and is currently a member of the ABA Committee on Corporate Laws and the Standing Advisory Group of the Public Company Accounting Oversight Board. In 2001, Professor Cox was awarded an Honorary Doctorate of Mercature from the University of South Denmark for his work in international securities law. In 2009, he was appointed to the Bipartisan Policy Center's credit rating agency task force and most recently was a member of the Center’s Capital Market Task Force. Cox has also served as a member of the corporate law drafting committees in California (1977-80) and North Carolina (1984-93).
Robert J. Johnson, Jr.
Bob Johnson is currently the Senior Executive Vice President, General Counsel, Secretary, and Chief Corporate Governance Officer of BB&T Corporation and has been a member of BB&T's Legal Department since February of 2005. Mr. Johnson has served in several positions within BB&T, including Deputy General Counsel, responsible for Mergers and Acquisitions, Corporate, Securities and Regulatory Practice Groups, General Counsel, Secretary and Chief Corporate Governance Officer. In January of 2014, Mr. Johnson was named Senior Executive Vice President and appointed to BB&T Corporation's Executive Management team.
Prior to BB&T, he was in private practice with the law firm of Squire, Sanders & Dempsey LLP in Cleveland, Ohio, providing counsel to financial institutions and their affiliates. His practice included all aspects of general corporate and commercial representation with an emphasis on corporate governance, mergers and acquisitions, regulatory and compliance matters, and securities law representation, including public and private equity and debt offerings and compliance issues relating to the Sarbanes-Oxley Act of 2002, the Securities Act of 1934, and the stock exchange listing standards.
Johnson graduated summa cum laude with a Bachelor of Arts degree in Psychology (1994) from Miami University, where he remains an Advisory Board Member, and graduated with honors with a Juris Doctor degree (1997) from The Ohio State University College of Law. Johnson also received the Class of 2008 Most Outstanding Student award by The BB&T Banking School at Wake Forest University and is currently a Board Member of The Clearing House, Senior Services, Inc., and The UNC Center for Banking and Finance.
Dr. John Payne
John W. Payne is the Joseph J. Ruvane Professor of Business Administration at the Fuqua School of Business at Duke University. He also has appointments as a Professor of Psychology and Neuroscience and as a Professor of Law. Professor Payne came to Duke University and the Fuqua School of Business in 1977 from the University of Chicago where he was an Assistant Professor of Business. He has been a visiting scholar at Columbia University and at the University of California, Los Angeles. His education includes a B.A. 1969, M.A. 1972, Ph.D. 1973 in Psychology from the University of California, Irvine. He also held a postdoctoral fellowship in Cognitive Psychology at Carnegie-Mellon University, 1973-75.
Professor Payne’s research deals with how people make decisions, and how decision making might be improved. A particular focus of his work has been on how people make decisions under risk. He has also studied consumer choice, environmental resource valuation, household financial decisions, and jury decisions, among other topics. Lately he has been focusing on research dealing with the complex decisions under uncertainty that people face in retirement. He has authored or edited four books and written more than 90 additional journal articles and book chapters.
At Fuqua, Payne has served as Director of the Ph.D. Program, the Area Coordinator: Management and Organizational Behavioral Faculty; the Senior Associate Dean for faculty and research, and as Deputy Dean. He has also been a member of the Board of Directors at Duke Corporate Education. At Duke, Payne has chaired and served numerous committees. For instance, he recently served as Chair of the University Priorities (Budget) Committee and served as a member of the Executive Committee of the Academic Council.
Among his honors, Professor Payne has been elected President of the Judgment and Decision Society, 2005-2006. He has won the Leo Melamed Prize for scholarship at the University of Chicago, 2000, for the most significant research by business school faculty. He was awarded the first (2002) JCR award for long-term contribution to consumer research And, he has been selected as a Fellow, American Psychological Association, 2007, and a Fellow, American Psychological Society, 1995.
Dr. Lori Bennear
Lori Snyder Bennear is an Associate Professor of Environmental Economics and Policy at the Nicholas School of the Environment, Duke University. She also has secondary appointments in the Sanford School of Public Policy and the Department of Economics. Dr. Bennear’s research focuses on evaluating environmental policies and improving methods and techniques for conducting these evaluations.
In particular, Dr. Bennear uses quantitative methods to evaluate environmental policy innovations along four dimensions. (1) Evaluating the effectiveness of environmental policies and programs. (2) Evaluating strategic behavioral responses to non-traditional regulatory regimes. (3) Assessing the distributional impacts of these new regulatory regimes. (4) Evaluating the role of program evaluation in environmental policy. Current projects include an evaluation of alternative clean-energy financing mechanisms on adoption of residential solar energy and an evaluation of alterative approaches to regulating offshore oil/gas drilling. Together with Ed Balleisen, Kim Krawiec and Jonathan Wiener, she is currently co-editing a book titled Recalibrating Risk: Crises, Perceptions, and Regulatory Change which examines regulatory responses to crises including large oil spills, nuclear accidents, and financial crises.
Dr. Bennear received her Ph.D. in Public Policy from Harvard University in 2004, her M.A. in Economics from Yale University in 1996 and her A.B. in Economics and Environmental Studies from Occidental College in 1995.
Dr. Marcus Hedahl
Marcus Hedahl is an Assistant Professor of Philosophy at the U.S. Naval Academy. Prior to joining the Naval Academy, Professor Hedahl served as the Dahrendorf Research Fellow for the Social and Legal Aspects of Climate Change,Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science; and as the Fellow of Environmental Justice, Kennedy Institute of Ethics, Georgetown University.
Professor Hedahl’s research focuses on the relational and collective aspects of ethics, particularly with respect to considerations of human rights and global justice in the context of climate change. His numerous publications include“Directional Climate Justice in an Era of Adaptation: Distinguishing directed obligations from moral claim rights," in the forthcoming Choosing a Future: The Social and Legal Aspects of Climate Change; “Challenging the European Climate Debate: Can Universal Climate Justice and Economics be Reconciled with Particularistic Politics?"forthcoming in Global Policy; and “Coping with climate change: What justice demands of surfers, Mormons, and the rest of us."
Prior to entering philosophy, Professor Hedahl served as a research research associate at the US National Air And Space Association (NASA), at which time he authored “Comparisons of the Maxwell and CLL Gas/Surface Interaction Models Using the Direct Simulation Monte Carlo (DSMC) Method," and as an officer in the US Air Force, where he served as a program manager in charge of the development of a new Mission Management system for US Intelligence Satellites at theNational Reconnaissance Office, a jointly run Air Force/CIA organization.
Professor Hedhal holds a PhD in Philosophy from Georgetown University and a BS in physics from the University of Notre Dame.
Dr. Rick Larrick
Rick Larrick is the Michael W. Krzyzewski University Professor in Leadership and a Professor of Management and Organizations at Duke University's Fuqua School of Business in addition to holding a secondary appointment in Psychology and Neuroscience at Duke. He serves as the faculty director for Fuqua’s Center for Energy, Development, and the Global Environment (EDGE) and is a faculty affiliate of the Center for Research on Environmental Decisions (CRED) located at Columbia University.
Larrick’s research interests include individual, group, and organizational decision making. Specific areas of research examine environmental decision making, negotiation, group decision making, goal setting, and “debiasing" (techniques for helping people make better decisions). His research asks three main questions: “How accurate are people’s intuitive decisions?", “How can intuitive decisions be improved?", and “What motivates people to make decisions that benefit society?"
He has two areas of research that are his current focus: Environmental decisions and “the wisdom of crowds." In 2008, Larrick published an article in Science with Jack Soll called “The MPG Illusion" calling for the adoption of fuel consumption, not fuel efficiency, as the appropriate metric for evaluating technology improvements. The argument was featured in two National Research Council reports published in 2010 (Technologies and Approaches to Reducing the Fuel Consumption of Medium- and Heavy-Duty Vehicles; Assessment of Fuel Economy Technologies for Light-Duty Vehicles). The 2013 EPA labels for automobiles include a fuel consumption metric (“gallons per 100 miles metric") as well as translations of gas consumption to fuel costs and to greenhouse gas emissions. Larrick’s current research explores behavioral aspects of energy use and environmental decisions (in collaboration with Jack Soll, Adrian Camilleri, Dena Gromet, Howard Kunreuther, Eric Johnson, and Elke Weber).
Larrick has published in psychology, management, and general science journals, including the Journal of Personality and Social Psychology, Psychological Review, Proceedings of the National Academy of Sciences, Cognitive Psychology, Management Science, Academy of Management Journal, and Organizational Behavior and Human Decision Processes. He is an associate editor for the journal Management Science and on the editorial boards of Psychological Science and the Journal of Behavioral Decision Making. He has served on the editorial boards of Personality and Social Psychological Review, Personality and Social Psychological Bulletin, and Organizational Behavior and Human Decision Processes. In addition, Rick is a fellow of the Association for Psychological Science and designed and teaches the core Fuqua MBA course on leadership in the daytime program, entitled “Leadership, Ethics, and Organizations," and has taught MBA and executive courses on leadership, negotiation, and power and politics in organizations.
Larrick received his Ph. D. in social psychology from the University of Michigan in 1991. Prior to joining Duke in 2001, he taught at Northwestern’s Kellogg Graduate School of Management (1991-1993) and at the University of Chicago’s Graduate School of Business (1993-2001). Larrick received his B.A. in psychology and economics from the College of William and Mary.
Dr. Billy Pizer
Billy Pizer is Associate Professor at the Sanford School and Faculty Fellow at the Nicholas Institute, both at Duke University. His current research examines how public policies to promote clean energy can effectively leverage private sector investments, how environmental regulation and climate policy can affect production costs and competitiveness, and how the design of market-based environmental policies can address the needs of different stakeholders.
From 2008 until 2011, he was Deputy Assistant Secretary for Environment and Energy at the U.S. Department of the Treasury, overseeing Treasury’s role in the domestic and international environment and energy agenda of the United States. Prior to that, he was a researcher at Resources for the Future for more than a decade.
He has written more than two dozen peer-reviewed publications, books, and articles, and holds a PhD and MA in economics from Harvard University and BS in physics from the University of North Carolina at Chapel Hill.
Professor Jonathan Wiener
Jonathan B. Wiener is the Perkins Professor of Law, and Professor of Public Policy and Environmental Policy, at Duke University. He directs the JD-LLM Program in International & Comparative Law at Duke Law School. He is also a University Fellow of Resources for the Future (RFF). He was co-chair of the World Congress on Risk held in Sydney in 2012, after serving as President of the international Society for Risk Analysis (SRA) in 2008.
He is a member of the Intergovernmental Panel on Climate Change (IPCC), Working Group III, in the chapter on “International Cooperation," for its 5th Assessment Report to be published in 2014 (he also contributed to the IPCC’s 1st and 2nd Assessment Reports). His publications include the books Risk vs. Risk: Tradeoffs in Protecting Health and Environment (Harvard Univ. Press 1995), Reconstructing Climate Policy (AEI Press 2003), and The Reality of Precaution: Comparing Risk Regulation in the US and Europe (RFF Press/Routledge 2011), as well as numerous articles on these topics.
He has been a visiting professor at Harvard, the University of Chicago, Univ. Paris-Dauphine, Sciences Po, and EHESS in Paris. In 2003 he received the SRA’s Chauncey Starr Young Risk Analyst Award for achievements in the field by age 40. From 1989 until he came to Duke in 1994, he served at the US Department of Justice and then at the White House Council of Economic Advisers (CEA), where he helped negotiate the UN Framework Convention on Climate Change (FCCC) and helped draft Executive Order 12,866 on regulatory review. He was a law clerk to federal judges Stephen G. Breyer (1988-89) and Jack B. Weinstein (1987-88). He received his J.D. (1987) and A.B. (1984, economics) from Harvard University.
Dr. Dan Ariely
Despite our intentions, why do we so often fail to act in our own best interest? Why do we promise to skip the chocolate cake, only to find ourselves drooling our way into temptation when the dessert tray rolls around? Why do we overvalue things that we’ve worked to put together? What are the forces that influence our behavior?
Dan Ariely, James B. Duke Professor of Psychology & Behavioral Economics at Duke University, is dedicated to answering these questions and others in order to help people live more sensible – if not rational – lives. His interests span a wide range of behaviors, and his sometimes unusual experiments are consistently interesting amusing and informative, demonstrating profound ideas that fly in the face of common wisdom. In addition to appointments at the Fuqua School of Business, the Center for Cognitive Neuroscience, the Department of Economics, and the School of Medicine at Duke University, Dan also co-founded BEworks, the world’s first commercial firm dedicated to the specialty practice of behavioral economics and its applications to real-world business and policy challenges.
In 2013, Dan was recognized by Bloomberg as one of Top 50 Most Influential thinkers. He is also a founding member of the Center for Advanced Hindsight, and the author of the New York Times bestsellers: Predictably Irrational: The Hidden Forces That Shape Our Decisions, The Upside of Irrationality: The Unexpected Benefits of Defying Logic at Work and at Home, and The Honest Truth About Dishonesty: How We Lie to Everyone – Especially Ourselves. Dan also writes a bi--‐weekly advice column in the Wall Street Journal called “Ask Ariely."
Dan earned his undergraduate degree in psychology from Tel Aviv University, an M.A. and Ph.D. in cognitive psychology from the University of North Carolina at Chapel Hill, and completed a second doctorate in business administration at Duke University. More information about Dan can be found at www.danariely.com.
Dr. Scott Huetell
Scott Huettel is the Jerry G. and Patricia Crawford Hubbard Professor in the Department of Psychology and Neuroscience, with secondary appointments in the Departments of Psychiatry and Neurobiology. His research uses a combination of behavioral, genetic, physiological, and neuroscience techniques to discover the neural mechanisms that underlie higher cognition, with a focus on economic and social decision making. Much of his research – which includes collaborations with neuroscientists, psychologists, behavioral economists, and business and medical faculty – falls within the emerging interdiscipline of neuroeconomics, where he is a Past-President of the Society for Neuroeconomics.
He is an author of more than 100 scientific publications, including articles in Science, Nature Neuroscience, Nature Reviews Neuroscience, Neuron, Psychological Science, and other top journals in several fields. His research has been featured in CNN, Newsweek, Money Magazine, NPR Science Friday, and many other media outlets. He is lead author on a primary textbook in neuroscience, Functional Magnetic Resonance Imaging, and is a co-editor of the textbook Principles of Cognitive Neuroscience.
Dr. Huettel has won the Dean’s Award for Excellence in Mentoring from the Duke University Graduate School, and has been recognized as one of the top 5% of undergraduate instructors at Duke. He is also the founding Director of the Duke Center for Interdisciplinary Decision Sciences (D-CIDES), which brings together faculty and students from throughout campus for interdisciplinary research and educational programs.
Dr. Rachel Kranton
Rachel Kranton, James B. Duke Professor of Economics, studies how institutions and the social setting affect economic outcomes. She develops theories of networks and has introduced identity into economic thinking. Her research contributes to many fields including microeconomics, economic development, and industrial organization.
Rachel Kranton Is a Fellow of the Econometric Society and was awarded a Chaire Blaise Pascal. She earned her Ph.D. in Economics at the University California, Berkeley in 1993. She has taught at the University of Maryland and she joined Duke's faculty in 2007. She has been awarded fellowships at the Russell Sage Foundation in New York and the Institute for Advanced Study in Princeton. She has received grants from the National Science Foundation and the Canadian Institute for Advanced Research in the Social Interactions, Identity, and Well-Being program.
Rachel Kranton's research contributes to many fields including microeconomics, economic development, and industrial organization.
In Identity Economics, Rachel Kranton and collaborator George Akerlof, introduce a general framework to study social norms and identity in economics. Building on fifteen years of research, the book studies not only race and gender, but also identity in schools and the workplace.
In the economics of networks, Rachel Kranton develops formal models of strategic interaction in different economic settings. Her work draws on empirical findings and integrates new mathematical tools to uncover how network structures influence economic outcomes. Along with collaborators Yann Bramoullé and Deborah Minehart, she has studied buyer-seller networks, risk-sharing networks, and network public goods.
Rachel Kranton has a long-standing interest in development economics and institutions. She focuses on the costs and benefits of networks and informal exchange, which is economic activity mediated by social relationships rather than markets. Along with Anand Swamy, she has studied the historical impact of legal and other reforms on economic activity.
Dr. Read Montague
Read Montague is the founding director of the Human Neuroimaging Laboratory and the Computational Psychiatry Unit of the Virginia Tech Carilion Research Center at Virginia Tech where he is also a professor of Physics. He also holds a Wellcome Trust Principal Research Fellowship at The Wellcome Trust Centre for Neuroimaging at University College London. In 2005-2006, Montague was a member of the Institute for Advanced Study in Princeton, NJ and was a Kavli Fellow of the National Academy of Science in 2010.
Montague’s work centers broadly on human social cognition, decision-making, and willful choice with a goal of understanding the computational and neurobiological basis of these functions in health and disease. Montague’s work particularly focuses on computational neuroscience – the connection between physical mechanisms present in real neural tissue and the computational functions that these mechanisms embody. His laboratory uses theoretical, computational, and experimental approaches to these issues.
His group now employs novel approaches to functional neuroimaging, new biomarkers for mental disease, spectroscopy, real-time voltammetry, and computational simulations. Montague also directs the Roanoke Brain Study (RBS), a project aimed at understanding decision-making through the lifespan and its relationship to brain development, function, and disease. Work in the laboratory is supported by the National Institutes of Health, National Science Foundation, The Kane Family Foundation, Autism Speaks, The MacArthur Foundation, The Dana Foundation and the Wellcome Trust. His work has been published in high profile scientific journals including Nature, Science, Neuron, and Proceedings of the National Academy. He participates in public discourse on science and his work has been profiled in The New York Times, Forbes, Scientific American, The Wall Street Journal, and other major media outlets.
Dr. Pate Skene
Pate Skene is a neurobiologist who studies brain mechanisms that allow humans to form large, complex societies, and how those brain mechanisms drive the development of law and legal institutions. He is an associate professor in the Department of Neurobiology at Duke and a member of the Duke Institute for Brain Sciences (DIBS) and the Duke Center for Interdisciplinary Decision Sciences (D-CIDES).
Pate completed his Ph.D. in Molecular Biology and Neural Sciences at Washington University in St. Louis in 1980, and then did postdoctoral work at Stanford University and Vanderbilt University. He began his faculty career at Stanford University before moving to Duke in 1991.
Dr. Skene’s early work focused on genes involved in the remodeling of connections in developing brains and the regeneration of injured axons in adults. More recently, he has begun to investigate genes and brain mechanisms related to social cognition in humans and non-human primates.
His current research includes ongoing studies of genomic variation related to social cognition and social integration in rhesus macaques and individual differences in traits like empathy, fairness, retribution, and third-party punishment in humans. This work is aimed at understanding the evolution of cognitive traits that allow humans to create, follow, and enforce rules, and how this understanding can inform legal practice and the design of regulations in modern societies. With any luck, Dr. Skene will complete his J.D. at Duke Law School in May.