Spring 2006 CFO Forum Meeting

Wednesday, May 17, 2006, 7:30-10 a.m.
"Putting Integrity into Finance Theory and Practice: A Positive Approach "

                   MICHAEL C. JENSEN                

One of the world’s most influential thought leaders in finance, Michael C. Jensen is the Jesse Isidor Straus Professor of Business Administration, Emeritus, at the Harvard Business School. Before moving to Harvard, he was the LaClare Professor of Finance and Business Administration at the William E. Simon Graduate School of Business Administration, University of Rochester.

Professor Jensen is the author of more than 90 scientific papers, in addition to numerous articles, comments, and editorials published in the popular media on a wide range of economic, finance and business-related topics.  He founded the Journal of Financial Economics, one of the top scientific journals in financial economics.  In 1994 he co-founded and currently serves as Chairman of Social Science Electronic Publishing, Inc. (SSEP) which is devoted to the electronic publication of scientific working papers in the social sciences (http://ssrn.com).

In 2004 Jensen received the Tjalling C. Koopmans EFACT Conference Award for "extraordinary contributions to the economic sciences, and to have reached the highest standards of quality of research."  Dr. Jensen was elected to the American Academy of Arts and Sciences in 1996. In 1990, he was named "Scholar of the Year" by the Eastern Finance Association and one of the "Year's 25 Most Fascinating Business People" by Fortune magazine.  He is the author or editor of several books, including "CEO Pay and What to Do About It: Restoring Integrity to Both Executive Compensation and Capital-Market Relations," which will be published by Harvard Business School Press in Fall 2006 and was co-authored with Kevin Murphy and Eric Wruck. Professor Jensen has served as consultant and board member to various corporations, foundations and governmental agencies and has given expert testimony before congressional and state committees and state and federal courts. He has lectured widely at seminars, meetings, conventions and educational institutions. He is past president of the American Finance Association and the Western Economic Association International. He earned his Ph.D. in Economics, Finance, and Accounting and his M.B.A. in Finance from the University of Chicago and an A.B. degree from Macalester College.

Click here to download recent slides that accompany Professor Jensen's presentation, "Putting Integrity into Finance Theory and Practice"

Additional Links of Interest:

Integrity: A Positive Model that Includes Morality, Ethics, Legality and Sincerity by Werner Erhard, Michael Jensen and Steve Zaffron.