October 13, 2004
Speaker Biographies
Frank M. Hatheway is chief economist at the Nasdaq Stock Market, Inc., and is responsible for a variety of projects and initiatives to support the Nasdaq market and improve its market structure. Before joining Nasdaq, Mr. Hatheway was a professor of finance at Penn State University and a well-known researcher in market microstructure. He has authored academic articles in the Journal of Finance, Journal of Financial Intermediation, and other leading finance journals. He has served as an economic fellow and senior research scholar with the U.S. Securities and Exchange Commission. He has also served on the Economic Advisory Boards of NASD and the Nasdaq Stock Market. Mr. Hatheway is a chartered financial analyst.
Kenneth M. Lehn is the Samuel A. McCullough Professor of Finance in the Katz School of Business at the University of Pittsburgh, where he teaches courses on business valuation and corporate restructuring. He also is a professor of law at the University of Pittsburgh Law School. Mr. Lehn joined the faculty at the University of Pittsburgh in 1991, after serving as chief economist at the U.S. Securities and Exchange Commission for four years. He also has taught at Washington University, the University of California–Los Angeles, Miami University, and the Georgetown University Law Center. In addition, he has written on topics relating to the economics of professional sports. Mr. Lehn has published in leading academic journals, including the Journal of Financial Economics, Journal of Finance, Journal of Political Economy, American Economic Review, and the Journal of Law and Economics. He also has published pieces in the Wall Street Journal and is a founding editor of the Journal of Corporate Finance.
Sukesh Patro is a doctoral student at the Joseph M. Katz School of Business at the University of Pittsburgh. His research interests lie in the area of corporate governance, executive compensation, and mergers and acquisitions. Mr. Patro’s current research includes the determinants of corporate boards from 1935 to 2000, changes in boards associated with banking mergers, and changes in the governance of firms following corporate spin-offs. Before joining the doctoral program at the University of Pittsburgh, Mr. Patro worked for five years in the banking industry in India, including a three-year stint on the government bond trading desk at ABN AMRO Bank.
Kevin J. P. O'Hara joined Archipelago Holdings, Inc., in May 1999 and today serves as its chief administrative officer, general counsel, and corporate secretary. Mr. O'Hara manages Archipelago's legal, corporate governance, regulatory, and governmental affairs, as well as its Corporate Client Group (issuer listings services). He was heavily involved in Archipelago's recent IPO ("AX"), including participation on the road show. He was also involved in Archipelago's strategic transactions, including the negotiating and structuring of Archipelago's mergers with RediBook ECN and GlobeNet ECN, and its alliance with the Pacific Stock Exchange creating "ArcaEx." He worked on Archipelago's transactions with General Atlantic Partners, J. P. Morgan, Instinet, Merrill Lynch, NBC/CNBC, and BNP/Cooper Neff, all of whom acquired private equity stakes. Finally, he helped negotiate Archipelago's purchase of an equity stake in TradePoint, an electronic stock exchange based in London, and a Virt-X transaction with the Swiss Stock Exchange in connection with developing and implementing Archipelago's offshore business strategy. He served as senior attorney in Bucharest for Financial Markets International, Inc., as project director in Vilnius, and as project manager on other projects in the region while based in the United States for the Pragma Corporation.
Eric D. Roiter is senior vice president and general counsel of Fidelity Management & Research Company, the investment advisor arm of Fidelity Investments. He joined Fidelity in 1997 in his present position and is responsible for management and provision of legal advice and services to Fidelity, specifically legal matters related to Fidelity’s family of mutual funds. Before joining Fidelity, Mr. Roiter was with the law firm of Debevoise & Plimpton for sixteen years (thirteen years as a partner) as a resident in the firm's Washington office, where he specialized in financial services, securities, and banking law. He was an adjunct professor of law at Columbia University Law School from 1996 to 1997 and is presently an adjunct professor of law at Boston College Law School and Boston University Law School. Before Debevoise & Plimpton, Mr. Roiter served five years with the United States Securities and Exchange Commission from 1978 to 1982, serving as assistant general counsel in the Office of General Counsel.
Kuldeep Shastri holds the Roger Ahlbrandt Sr. Endowed Chair in Finance and is professor of business administration at University of Pittsburgh’s Katz Graduate School of Business. Mr. Shastri teaches and conducts research in the areas of corporate finance, derivatives, financial engineering, and market microstructure. In addition to teaching at the Katz School, He has lectured extensively in Central and Eastern Europe, South America, and Southeast Asia and has held visiting positions at the Czech Management Center in Prague, the International Management Center in Budapest, Thammasat University in Bangkok, and the Universidad Tecnica Federico Santa Maria in Guayaquil. Mr. Shastri has published over forty articles in a variety of finance journals and made over sixty presentations at national and international conferences. He is a coauthor with Thomas Copeland and J. Fred Weston of a textbook titled Financial Theory and Corporate Policy published by Addison-Wesley. Mr. Shastri is currently an academic director of the Financial Management Association International, a director of the Pittsburgh chapter of Financial Executives International, and was a past president and chairperson of the Board of Trustees of the Eastern Finance Association.
Peter J. Wallison joined AEI in 1999 as a resident fellow and as the codirector of AEI's program on financial market deregulation. As a partner of Gibson, Dunn & Crutcher LLP, he practiced banking, corporate, and financial law in the firm's Washington and New York offices. As the general counsel of the U.S. Treasury Department from 1981 to 1985, Mr. Wallison helped develop the Reagan administration's proposals for deregulating the financial services industry. During 1986 and 1987, Mr. Wallison was counsel to President Ronald Reagan. He is the author of Back from the Brink, a proposal for a system of private deposit insurance; coauthor of Nationalizing Mortgage Risk: The Growth of Fannie Mae and Freddie Mac; and The GAAP Gap: Corporate Disclosure in the Age of the Internet; and the editor of Serving Two Masters Yet out of Control: Fannie Mae and Freddie Mac and Optional Federal Chartering of Insurance Companies, all of which have been published by the AEI Press. More recently, Mr. Wallison is the author of Ronald Reagan: The Power of Conviction and the Success of His Presidency, published in December 2002 by Westview Press.
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