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Keynote Speakers
 Myron Scholes
Conference Keynote Speaker
Frank E. Buck Professor of Finance, Emeritus
Nobel Laureate in Economic Sciences
Stanford Graduate School of Business
Myron Scholes’ research has focused on taxation on asset prices and
incentives. He studied the effects of the taxation of dividends on the prices of
securities, the interaction of incentives and taxes in executive compensation,
capital structure issues with taxation, and the effects of taxes on the optimal
liquidation of assets. He wrote several articles on investment banking and
incentives and developed a new theory of tax planning under uncertainty and
information asymmetry which led to a book with Mark A. Wolfson called Taxes and
Business Strategies: A Planning Approach (Prentice Hall, 1991).
Myron Scholes is the Frank E. Buck Professor of Finance, Emeritus, at the
Stanford Graduate School of Business, Nobel laureate in Economic Sciences, and
co-originator of the Black-Scholes options pricing model. Scholes was awarded
the Nobel Prize in 1997 for his new method of determining the value of
derivatives. Scholes serves as the Chairman of Platinum Grove Asset Management
and on the board of directors of Dimensional Fund Advisors. He was a principal
and Limited Partner at Long-Term Capital Management, L.P. and a Managing
Director at Salomon Brothers, where he was instrumental in building Salomon
Swapco. Other positions Scholes held include the Edward Eagle Brown Professor of
Finance at the University of Chicago, Senior Research Fellow at the Hoover
Institution, Director of the Center for Research in Security Prices, and
Professor of Finance at MIT’s Sloan School of Management. Scholes earned his PhD
at the University of Chicago.
 Michael Greenberger
Luncheon Keynote Speaker
Law School Professor
Director, Center for Health and Homeland Security
University of Maryland School of Law
Michael Greenberger is the Founder and Director of the Center for Health and
Homeland Security (CHHS) at the University of Maryland and a professor at the
School of Law. Professor Greenberger designed and teaches two courses
focused on counterterrorism and emergency response and also teaches a seminar on
Futures, Options and Derivatives at the School of Law.
Professor Greenberger currently serves as the Chair of the Maryland
Governor's Emergency Management Advisory Council (GEMAC). He was recently
appointed by President of the American Bar Association to the Advisory Committee
of the Standing Committee on Law and National Security.
In 1997, Professor Greenberger left private practice to become the Director
of the Division of Trading and Markets at the Commodity Futures Trading
Commission (CFTC) where he served under CFTC Chairperson Brooksley Born. In that
capacity, he was responsible for supervising exchange traded futures and
derivatives. He also served on the Steering Committee of the President's Working
Group on Financial Markets, and as a member of the International Organization of
Securities Commissions' Hedge Fund Task Force. Professor Greenberger has
frequently been asked to testify before Congressional committees on issues
pertaining to dysfunctions within the United States economy caused by complex
and unregulated financial derivatives.
Professor Greenberger has recently served as the Technical Advisor to the
United Nations Commission of Experts on Reforms of the International Monetary
and Financial System and the International Energy Forum's Independent Expert
Group on reducing world-wide energy price volatility.
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