Turnaround Management ConferenceKellogg School of Management
Conference Overview
Keynote Speakers
Panel Information
Panel Moderators


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Northwestern University

Turnaround Management Conference:
Leading Corporate Renewal

Conference Date:
April 25, 2007

Panel Moderators


  David Austen-Smith

David Austen-Smith
Earl Dean Howard Distinguished Professor of Political Economy

David 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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  Craig Bradley

Craig Bradley
Adjunct Associate Professor of Business Law

Professor Craig Bradley is an Adjunct Associate Professor at the Kellogg School of Management. Professor Bradley teaches Business Law for Entrepreneurs.

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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  Steven Rogers

Steven Rogers
Gordon and Llura Gund Family Professor of Entrepreneurship

  • Levy Institute for Entrepreneurial Practice
  • Entrepreneurship and Innovation Program
  • Steven 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.

    Professor 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.

    In addition 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.

    In 2000, 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."

    He has 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.

    He received an MBA from Harvard Business School and a Bachelor of Arts degree from Williams College.

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      Walter Scott

    Walter Scott
    Professor of Management and Senior Austin Fellow

    Professor 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 Minneapolis.

    Mr. Scott graduated from Northwestern University in 1953 with a BS degree and received his MS from Columbia University in 1958.

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      James Shein

    James B. Shein: Conference Organizer
    Clinical Professor of Management & Strategy

    Professor 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 and directors.

    Previously, 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 Corporation.

    Professor 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, 2005.

    A frequent 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.

    Professor 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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      William Sutter

    William P. Sutter, Jr.
    Adjunct Professor of Finance

    Professor 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 in 1983.

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      Tim Thompson

    Timothy Thompson
    Senior Lecturer in Finance

    Tim Thompson 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 MBA program.

    Thompson also serves as a consultant to several corporations. He received his MBA from the Graduate School of Business at the University of Chicago.

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