Sunday, June 6, 2010
10:30 am-12:30 pm
Faculty in the Field
After each financial crisis, bankers resolve never to repeat their mistakes. They vow to rein in excessive risk-taking and take actions to better align the interests of internal stakeholders (executives, "rainmakers", risk officers, etc.) with those of external stakeholders (customers, investors, and regulators). Sounds great! So what happened?
What were the lessons from the last wave of crises: leveraged finance run amok in the late 1990s, the Asia crisis of 1997-98, the bursting of the Internet bubble in 2000, and the Argentine crisis of 2001? Were those lessons learned but then forgotten? Or was the current crisis something very different?
Earle W. Kazis Professor of the Practice of Finance and International Real Estate
Professor Bayone worked for more than 20 years at FleetBoston Financial and its predecessor institution, BankBoston, in various senior capacities including Executive Vice President and Chief Credit Officer, responsible for U.S. and international lending.
He is a member of the Board of Directors of SuperMedia Inc., one of the largest yellow pages directory publishers in the United States as measured by revenues, and serves on its Audit Committee. In addition, Professor Bayone serves as Advisor to the CEO and Board of Directors of Churchill Financial LLC, a middle market commercial finance company. From 2006 to June 2009, he chaired the Risk Committee of the Board and served on its Audit Committee.
Professor Bayone holds an MIA from Columbia University, where he specialized in banking and finance, an MA degree in History from the University of Rochester, and a BA from Queens College, City University of New York.
At Brandeis, Professor Bayone chairs the undergraduate Business program as well as the IBS curriculum committee. He was voted "Teacher of the Year" by IBS students in 2002, 2004, and 2005.
Event Chair(s): Caryn (Mark) Finley '97 and Beth Slavet '74
Hosted by Ilana Bar-Levav '78
At her home in North Bethesda
RSVP for address and directions, they will be sent via email a few days prior to the event.
RSVP to the Office of Alumni Relations before Tuesday, June 1, by calling 781-736-4041 or complete this form