Stephen A. Ross

Sloan School of Management, Massachusetts Institute of Technology

Stephen Ross is presently the Franco Modigliani Professor of Financial Economics at the Sloan School of Management, Massachusetts Institute of Technology. One of the most widely published authors in finance and economics, Professor Ross is recognized for his work in developing the Arbitrage Pricing Theory, as well as for having made substantial contributions to the discipline through his research in signaling, agency theory, option pricing, and the theory of the term structure of interest rates, among other topics. A past president of the American Finance Association, he currently serves as an associate editor of several academic and practitioner journals. He is a trustee of CalTech, and a director of the College Retirement Equity Fund (CRF) and of GenRe Corporation and is the co-chairman of Roll and Ross Asset Management Corporation.

Randolph W. Westerfield

The Marshall School of Business, University of Southern California

Randolph W. Westerfield is Dean of the Southern California's Marshall School of Business and holder of the Robert R. Dockson Dean's Chair of Business Administration.

From 1988 to 1993, Professor Westerfield served as the chairman of the School's finance and business economics department and the Charles B. Thornton Professor of Finance. He came to USC from The Wharton School, University of Pennsylvania, where he was the chairman of the finance department and member of the finance faculty for 20 years. He was the senior research associate at the Rodney L. White Center for Financial Research at Wharton. His areas of expertise include corporate financial policy, investment management and analysis, mergers and acquisitions, and stock market price behavior.

Professor Westerfield has served as a member of the Continental Bank trust committee, supervising all activities of the trust department. He has been consultant to a number of corporations, including AT&T, Mobil Oil, and Pacific Enterprises, as well as to the United Nations, the U.S. Departments of Justice and Labor, and the State of California.

Bradford D. Jordan,

Carol Martin Gatton College of Business and Economics, University of Kentucky

Bradford D. Jordan Professor of Finance and Gatton Research Fellow at the University of Kentucky. He has a long-standing interest in both applied and theoretical issues investments, and has extensive experience teaching all levels of corporate finance and financial management policy. Professor Jordan has published numerous articles on issues such as cost of capital, capital structure, and the behavior of security prices. He is coauthor of Fundamentals of Investments-Valuation and Management, Second Edition, and Essentials of Corporate Finance, Third Edition.