MBA Update   Overview   Schedule
	Time   8 - 9 a.m. Coffee with the Professor 9 - 12:00 p.m. Professor McDonald 12:00 - 12:30 p.m. Lunch 12:30 - 2:00 p.m. Panel Discussion   Fee   Alum = $75.00 per person. Guest = $100.00 per person.   Location   J.P. Morgan Fleming Asset Management 522 Fifth Avenue New York, NY (at 44th Street)   Based on the book     This event is based on Professor McDonald's new book, Derivatives Markets.

A Previous Event in the Kellogg MBA Update & Leadership Series

This event took the MBA Update & Leadership Series in a new direction, showcasing Kellogg's expertise in the world of finance. Below is the information that was available prior to the event being held.

See the photo gallery for this event.

 

Understanding Derivatives : The Key to Financial Decision-Making
February 8, 2003
New York City, New York

Professor Robert McDonald
Erwin P. Nemmers Distinguished Professor of Finance

The Kellogg School of Management is pleased to offer a new MBA Update & Leadership Series event in the world's financial hub, New York City. On Saturday, February 8, Professor Robert McDonald will offer a morning classroom session on the role of derivatives in modern finance, a topic at the core of his new book, Derivatives Markets. A panel discussion in the afternoon will address the challenges and changes concerning options and compensation - issues facing both individuals and corporations.

Whether you are a Wall Street veteran, where derivatives are a part of your everyday life, or in an unrelated, non-financial field, this is your opportunity to learn from Professor McDonald who literally "wrote the book" on derivatives. A classic morning academic experience will be complemented by an invigorating dialogue and exchange in the afternoon led by a panel of Kellogg alumni and attendees.

Professor McDonald will show how an understanding of derivatives markets is essential in many areas of finance. Thirty years ago this spring, Fischer Black and Myron Scholes published the Black-Scholes formula. Their article provided an approach to pricing options that helped revolutionize financial markets. Today, financial literacy requires an understanding of derivatives in general and options in particular. This MBA Update illustrates the importance of derivatives with three examples: their use in real investment decisions by firms, executive compensation and related financial strategies by firms, and strategies for deferral of capital gains taxes. Leaders in all fields will benefit from this opportunity to "update" their MBAs.

Advance reading materials from Professor McDonald's book, Derivatives Markets, will be sent to registered attendees.

Special thanks to the Kellogg Alumni Club of New York for co-hosting this exciting gathering and J.P. Morgan Fleming Asset Management for their assistance with this program. Generous support for this seminar was provided by Addison Wesley Publishing.