Robert Parrino, Lamar Savings Centennial Professor of Finance, McCombs School of Business, University of Texas at Austin A member of the faculty at University of Texas since 1992, Dr. Parrino teaches courses in regular degree and executive education programs at the University of Texas, as well as customized executive education courses for industrial, financial, and professional firms. He has also taught at the University of Chicago, University of Rochester, and IMADEC University in Vienna. Dr. Parrino has received numerous awards for teaching excellence at University of Texas from students, faculty, and the Texas Ex's (alumni association). Dr. Parrino has been involved in advancing financial education outside of the classroom in a variety of ways. As a Chartered Financial Analyst (CFA) charter holder he has been very active with the CFA Institute, having been a member of the candidate curriculum committee, served as a regular speaker at the annual Financial Analysts Seminar, spoken at over 20 Financial Analyst Society meetings, and as a current member if the planning committee for the CFA Institute Annual Meeting. In addition Dr. Parrino was the founding director of the Hicks, Muse, Tate & Furst Center for Private Equity Finance at the University of Texas. In 2008, Dr. Parrino was elected Vice President for Financial Education of the Financial Management Association for 2008-2010. Dr. Parrino is also co-founder of the National Forum for Corporate Finance and the Financial Research Association and is Associate Editor of the Journal of Corporate Finance and the Journal of Financial Research. Dr. Parrino's research includes work on corporate governance, financial policies, restructuring, and mergers and acquisitions, as well as research on private equity markets. He has published his research in a number of journals, including the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Law and Economics, Journal of Portfolio Management, and Financial Management. Dr. Parrino has won a number of awards for his research. Dr. Parrino has experience in the application of corporate finance concepts in a variety of business situations. Since entering the academic profession he has been retained as an advisor on valuation issues concerning businesses with enterprise values ranging to more than $1 billion and has consulted in areas such as corporate financing, compensation, and corporate governance. Dr. Parrino holds a B.S. in chemical engineering from Lehigh University, an MBA degree from The College of William and Mary, and M.S. and Ph.D. degrees in applied economics and finance, respectively, from University of Rochester. Dr. David S. Kidwell is Professor of Finance and Dean Emeritus at the Curtis L. Carlson School of Management at the University of Minnesota. He holds an undergraduate degree in mechanical engineering from California State University at San Diego, an MBA from California Sate University at San Francisco, and a PhD in finance from the University of Oregon. Before joining the University of Minnesota, Dr. Kidwell was Dean of the School of Business Administration at the University of Connecticut. Prior to joining the University of Connecticut, he held endowed chairs in banking and finance at Tulane University, the University of Tennessee, and Texas Tech University. He was also on the faculty at the Krannert Graduate School of Management, Purdue University, where he was twice voted the outstanding undergraduate teacher of the year. Dr. Kidwell has published research in the leading journals, including Journals of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Financial Management, and Journal of Money, Credit, and Banking. Dr. Kidwell has been a management consultant for Coopers & Lybrand and a sales engineer for Bethlehem Steel Corporation. He is an expert on the U.S. financial system and is the author of more than 80 articles dealing with the U.S. financial system and capital markets. Dr. Kidwell has participated in a number of research grants funded by the National Science Foundation to study the efficiency of U.S. capital markets, and to study the impact of government regulation upon the delivery of consumer financial services. Dr. Kidwell currently serves on the Board of the Schwan Food Company. He is the past Secretary-Treasurer of the Board of Directors of AACSB, the International Association for Management Education. He is a past member of the Boards of the Minnesota Council for Quality, the Stonier Graduate School of Banking, and the Minnesota Center for Corporate responsibility. He has also served as an Examiner for the 1995 Malcolm Baldrige National Quality Award, on the Board of Directors of the Juran Center for Leadership in Quality and on the Board of the Minnesota Life Insurance Company.