Turnaround Management Conference:
Leading Corporate Renewal
April 25, 2007
Earl Dean Howard Distinguished Professor of Political Economy
Austen-Smith is the Earl Dean Howard Distinguished Professor
of Political Economy, and Professor of Political Science and
Economics. He received his PhD in economics from Cambridge
University in 1978. He joined the Northwestern faculty in
1996, transferring to the Kellogg School in September 2004
from the Weinberg College of Arts and Sciences where he was
the Ethel and John Lindgren Professor. Austen-Smith is currently
teaching “Strategic Crisis Management” and “Values-Based
Leadership”. A fellow of the American Academy of Arts
and Sciences and a charter member of the Game Theory Society,
Austen-Smith has received several grants from the National
Science Foundation to support his research.
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Adjunct Associate Professor of Business Law
Craig Bradley is an Adjunct Associate Professor at the Kellogg
School of Management. Professor Bradley teaches Business Law
Professor Bradley is a Partner at Bell, Boyd & Llyod and
is a Director at Chicago Software Association. He is a member
of the Indiana Law Journal.
Mr. Bradley graduated cum laude from Indiana University with
a JD degree and graduate summa cum laude from Elmhurst College
with a B.S. in Finance.
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Gordon and Llura Gund Family Professor of Entrepreneurship
Levy Institute for Entrepreneurial Practice
Entrepreneurship and Innovation Program
Rogers is the Gordon and Llura Gund Family Distinguished Professor
of Entrepreneurship. Professor Rogers teaches Entrepreneurial
Finance at Kellogg and is the Director of the Larry and Carol
Levy Institute for Entrepreneurial Practice. Before joining
the Kellogg Faculty, he owned and operated two manufacturing
firms and one retail operation. Prior to becoming an entrepreneur,
Mr. Rogers worked at Bain and Company Consulting firm, Cummins
Engine Company and UNC Ventures, a venture capital firm.
Rogers has been named to the Faculty Honor Roll in every quarter
he has taught at Kellogg. He has received numerous teaching
awards, including the 1996 and 2005 Lawrence G. Lavengood
Outstanding Professor of the Year. Steve Rogers is the only
professor in Kellogg's history to have received this award
more than once. In 1996, BusinessWeek named him one
of the top 12 entrepreneurship professors at graduate business
schools in the U.S. In 1997, BusinessWeek named him
one of 14 “New Stars of Finance.” In 1998, he
was selected as Entrepreneur of the Year (supporter category)
by Ernst and Young.
to the regular MBA program, Professor Rogers teaches in many
Kellogg executive programs in the U.S., Toronto and Hong Kong.
He has received the Outstanding Professor Award for the Executive
Program 12 times.
Mr. Rogers currently serves on the Advisory Boards of Private
Equity firms SB Partners, Smith Whiley and Company, and O’Connor
Partners. He also serves on the Board of Directors of SC Johnson
Wax, W.S. Darley and Company, SuperValu (NYSE), Duquesne Light
(NYSE), and Amcore Financial (Nasdaq). His non-profit work
includes board membership for The A Better Chance Program.
Mr. Rogers is also a member of the Harvard Business School
Visiting Committee, and a Trustee of Williams College.
he received the “Bicentennial Medal for Distinguished
Achievement” by an alum from Williams College. In 2005,
he received the “Bert King Award for Service”
from the African American Student Union of Harvard Business
School. In 2005, he also was selected as "Chicago United's
Business Leader of Color."
been often quoted in many publications, including Black
Enterprise, Financial Times, The Wall Street
Journal, Chicago Tribune, Chicago Sun-Times,
Fortune and BusinessWeek. In 2002 Steven Rogers
published his first book, The Entrepreneur’s Guide
to Finance and Business.
an MBA from Harvard Business School and a Bachelor of Arts
degree from Williams College.
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Professor of Management and Senior Austin Fellow
Walter Scott is a Professor of Management and Senior Austin
Fellow at the Kellogg School of Management. Prof. Scott teaches
“Leaders and Leadership” and “Board Governance
of Nonprofit Organizations”. He is the Co-Founder and
Director of the Center for Executive Women. He is currently
the Director of Chicago Communities in Schools, as well as
on the Leadership Council of the Chicago Public Education
Fund. He also serves on the Advisory Board of Good City. Prof.
Scott is the Director of Imagine Schools, Inc., the Vice Chairman
and Director of Intermatic Incorporated and the Director of
Leadership for Quality Education.
Some of Prof. Scott’s past accomplishments include serving
as Director of Chicago Title and Trust Co., First National
Bank of Minneapolis, Grand Metropolitan PLC, Great Atlantic
& Pacific Tea Company, Inc., IDS Mutual Fund Group, Illinova
Corporation (also Illinois Power company), Jostens, Inc.,
JWT Group (parent of J. Walter Thompson and Hill & Knowlton),
Neodesic Corporation, Orval Kent Food Company, The Pillsbury
Company, Playskool, Inc., and The Quaker Oats Company, as
well as in leadership positions in many community, educational,
governmental and professional organizations such as the Metropolitan
Museum of Art, The Guthrie Theater, Evanston Hospital, Kairos
Prison Ministry, Ounce of Prevention Fund and the YMCA of
Mr. Scott graduated from Northwestern University in 1953 with
a BS degree and received his MS from Columbia University in
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B. Shein: Conference Organizer
Clinical Professor of Management & Strategy
James B. Shein is Clinical Professor of Management & Strategy
and also is part of Kellogg’s Larry and Carol Levy Institute
for Entrepreneurial Practice. He teaches Managing Turnarounds
(MGMT 934) and Entrepreneurship and New Venture Formulation
(ENTR 462). Professor Shein is also counsel at McDermott,
Will & Emery with primary areas of practice including
corporate financial and operating restructurings, business
startups and acquisitions, and fiduciary duties of officers
Professor Shein spent four years as the president and chief
executive officer of R.C. Manufacturing and ten years prior
to that as president and chief executive officer of Northbrook
Shein has chaired programs at the Federal Reserve Bank of
Chicago on the outlook for the troubled steel, textile and
plastics industries. Professor Shein conducts seminars and
workshops on commercial loan structuring and workouts for
the Bank Lending Institute and the Banking Law Institute.
His work with corporate director led to his article, “Trying
to Match SOX: Dealing with New Challenges and Risks Facing
Directors,” published in The Journal of Private Equity,
lecturer and author on corporate renewal, he has been highlighted
on National Public Radio programs as an authority on restructuring
and downsizing. He was elected by his peers as Vice President
of the Turnaround Management Association, an international
organization of 7,000 turnaround, bankruptcy, and restructuring
professionals, and is on the International Board of Directors.
Shein graduated with an engineering degree from Purdue University
and then earned an M.B.A. from Indiana University. He also
holds a doctoral degree in organizational behavior from Indiana
University. He later received his juris doctor degree, cum
laude, from Loyola University of Chicago, where he was lead
articles editor of the Law Journal.
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P. Sutter, Jr.
Adjunct Professor of Finance
Bill Sutter is Adjunct Associate Professor with the Larry
and Carol Levy Institute for Entrepreneurial Practice at the
Kellogg School of Management. Prof. Sutter teaches “The
Human Element of Private Equity.” He is the Managing
Partner of Hopewell Ventures, a $110 million private equity
and venture capital fund with an investment focus on high-growth
companies located in the Midwest. He is currently the Chairman
of the Board of Regent Communications, a publicly-traded radio
broadcaster, as well as a Director of several private companies.
He also serves as an advisor to SB Partners, a private equity
fund that concentrates on minority or woman-managed businesses.
Before becoming a co-founder of Hopewell in 2001, he was a
Senior Managing Director of Mesirow Financial’s Private
Equity Investments division. During his 17-year tenure, capital
under management grew from $15 million to more than $300 million.
His successful track record includes investments in nearly
30 portfolio companies, including four that completed initial
public offerings. Mr. Sutter started his career in 1979 as
an investment banker with the Corporate Finance department
of Smith Barney.
Mr. Sutter graduated from Yale University in 1979 with a BA
degree in Economics and received his MBA from Stanford University
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Senior Lecturer in Finance
is Senior Lecturer of Finance at the Kellogg School of Management.
Professor Thompson has taught corporate finance courses in
the full- and part-time MBA programs, the EMP program and
in the International Executive MBA programs abroad. Prior
to joining the Kellogg faculty, Thompson was a Research Consultant
in the Consulting division of The Alcar Group, Inc. (now a
part of LEK Consultants). Professor Thompson's courses focus
on the application of financial principles to corporate strategic
decisions. He teaches Financial Decisions and Corporate Restructuring.
In addition to his teaching, Thompson designs and directs
selected Custom Executive Programs at the Allen Center, primarily
for Société Générale.
Thompson has received the Professor of the Year award in the
part-time MBA program (TMP program), the combined MBA programs
and, most recently the Kellogg-WHU International Executive
also serves as a consultant to several corporations. He received
his MBA from the Graduate School of Business at the University
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