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Home >  Events > Is Sarbanes-Oxley Impairing Corporate Risk-Taking?
Is Sarbanes-Oxley Impairing Corporate Risk-Taking?
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Speaker biographies

Leonce L. Bargeron is a faculty member at the Katz Graduate School of Business at the University of Pittsburgh. His research interests include mergers and acquisitions, corporate governance, asymmetric information, and options. Prior to pursuing his academic career, Mr. Bargeron was an options market maker for six years—three years trading foreign currency options on the floor of Philadelphia’s PHLX, two years trading FTSE 100 options on the floor of London’s LIFFE, and one year trading OTC options for BNP in Paris. Subsequent to trading, he served for two years as the chief financial officer of Ram Tool and Supply Co.

Charles W. Calomiris is a visiting scholar at AEI and co-director of AEI's program on financial market deregulation. Concurrently, he is the Henry Kaufman Professor of Financial Institutions and academic director of the Jerome A. Chazen Institute of International Business at Columbia Business School. He is also a research associate at the National Bureau of Economic Research. At AEI, Mr. Calomiris studies banking regulation, corporate finance, and monetary economics.

Allen Ferrell is the Greenfield Professor of Securities Law at Harvard Law School, where he teaches courses on securities regulation, the regulation of market structure, law and finance, and law and corporate governance. He is a member of the Economic Advisory Board of the National Association of Securities Dealers and the European Corporate Governance Institute. Mr. Ferrell clerked for U.S. Supreme Court Justice Anthony M. Kennedy in 1996 and for Judge Laurence H. Silberman of the United States Court of Appeals for the District of Columbia in 1995. He has written and consulted widely in the areas of securities regulation and corporate governance. His current research, in conjunction with Martijn Cremers at the Yale School of Management, is focused on corporate governance and firm valuation using an original large-sample dataset of corporate governance arrangements and ownership data starting in 1978. His current research also focuses on econometric issues related to how to calculate damages in securities class action suits.

Kenneth M. Lehn is the Samuel A. McCullough Professor of Finance in the Katz Graduate School of Business at the University of Pittsburgh, where he teaches courses on business valuation and corporate restructuring. He is also an adjunct professor in the School of Law at the University of Pittsburgh. Mr. Lehn joined the faculty at the University of Pittsburgh in 1991 after serving as chief economist of the U.S. Securities and Exchange Commission (SEC) for four years. Mr. Lehn previously taught at Washington University, UCLA, Miami University (OH), and the Georgetown University Law Center. He has published in leading academic journals, including the Journal of Financial Economics, Journal of Finance, Journal of Political Economy, American Economic Review, and Journal of Law and Economics, and has had published several op-ed pieces in the Wall Street Journal. Mr. Lehn is a founding editor of the Journal of Corporate Finance, a former member of the Shadow Financial Regulatory Committee, and a consultant for numerous firms and government agencies, including JPMorgan Chase, Lehman Brothers, the Walt Disney Company, Marriott, Procter & Gamble, AT&T Wireless, the National Hockey League, the Department of Justice, and the SEC.

Kate Litvak is an assistant professor at the University of Texas Law School. She clerked for the Honorable Ralph K. Winter of the U.S. Court of Appeals for the Second Circuit and for the Honorable Frank H. Easterbrook of the U.S. Court of Appeals for the Seventh Circuit. Her primary scholarly interests are in the areas of venture capital and private equity, corporate and securities laws, corporate finance, and law and economics.

Peter J. Wallison joined AEI in January 1999, is currently a senior fellow and co-director of AEI’s program on financial market deregulation, and holds the Arthur F. Burns Chair in Economic Policy Studies. He previously practiced banking, corporate, and financial law at Gibson, Dunn & Crutcher in Washington, D.C., and New York. From June 1981 to January 1985, Mr. Wallison was general counsel of the United States Treasury Department, where he had a significant role in the development of the Reagan administration’s proposals for deregulation in the financial services industry. He also served as general counsel to the Depository Institutions Deregulation Committee and participated in the Treasury Department’s efforts to deal with the debt held by less-developed countries. During 1986 and 1987, Mr. Wallison was White House counsel to President Ronald Reagan. Between 1972 and 1976, Mr. Wallison served first as special assistant to Governor Nelson A. Rockefeller and, subsequently, as counsel to Mr. Rockefeller when he was vice president of the United States.

Chad J. Zutter is a faculty member at the Katz Graduate School of Business at the University of Pittsburgh. Mr. Zutter’s primary research interests are in corporate finance and include initial and seasoned public offerings, mergers and acquisitions, and corporate governance. He has examined issues ranging from the consequences of dual-class share structures to the impact of country-level earnings quality on firm-level IPO underpricing. Prior to pursuing his academic career, Mr. Zutter was a member of the U.S. Navy aboard the USS Michigan nuclear submarine.

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Election Watch
Election Watch 2008
AEI's Election Watch series returns in December 2007 for its fourteenth season, bringing
together AEI's nationally renowned team of political analysts and other commentators. These sessions are essential for anyone who wants to understand the elections.