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Challenges to Business and Society in the 21st Century: The Way Forward


Press Release

WHAT: Challenges to Business and Society in the 21st Century: The Way Forward

Rajat K. Gupta, Senior Partner Emeritus, McKinsey & Company – “Recovery and Reform”
Roger Ferguson, Jr., President and Chief Executive Officer, TIAA-CREF – “Long-Term Financial Security”
Richard Revesz, Dean and Lawrence King Professor of Law, New York University – Welcome
William T. Allen, Jack H. Nusbaum Professor of Law and Business; Director, Pollack Center for Law and Business, New York University – Moderator

WHEN: Monday, November 30, 2009, 6:30 p.m.

WHERE: Tishman Auditorium, Vanderbilt Hall, New York University Law School, 40 Washington Square South, New York City

SPONSORS: American Academy of Arts and Sciences and the New York University Pollack Center for Law and Business

ABOUT THE PROGRAM: The events of the last decade, including the business failures of 2001-2002 and the economic crisis of 2008-2009, have called into question fundamental assumptions regarding the role of business and its relationship to global financial markets, governments, and society as a whole. The American Academy of Arts and Sciences will convene a working conference, cosponsored by the New York University Pollack Center for Law and Business, at the NYU Law School, beginning Monday evening, November 30 and continuing Tuesday, December 1, 2009. This workshop is preparatory to a volume to be published by the Academy on the dilemmas that business faces in the 21st century, and the challenges and possible policy implications of its changing role in American life.

RAJAT K. GUPTA is founding partner and the Chairman of New Silk Route Partners, an Asia-focused growth capital firm founded in 2006. Senior partner emeritus of McKinsey & Company, he served between 1994 and 2003 as Managing Director of McKinsey worldwide. He serves as special adviser for management reform to the United Nations Secretary General, and holds numerous professional and business affiliations, including: founder and Chairman of the Board of the Indian School of Business, Chairman of the India AIDS Initiative of the Gates Foundation, and Chairman of the Board of Associates of the Harvard Business School.

ROGER FERGUSON, JR. became president and chief executive officer of TIAA-CREF in April 2008. Previously, he was head of financial services at Swiss Re and chairman of Swiss Re America Holding Corporation. Prior to Swiss Re, he was Vice Chairman of the Board of Governors of the U.S. Federal Reserve System and voting member of the Federal Open Market Committee. He has also held positions as chairman of the Joint Y2K Council and chairman of the Group of Ten Working Party on Financial Sector Consolidation. He has served on a number on non-profit boards, including the Institute for Advanced Study, Carnegie Endowment for International Peace, and as President of Harvard University Board of Overseers.

Panel discussions during the conference will feature representatives from a variety of disciplines, including Jagdish Bhagwati (Columbia University), Niall Ferguson (Harvard University), Justin Fox (Time), Rakesh Khurana (Harvard University), Simon Lorne (Millennium Partners L.P.), Jay Lorsch (Harvard University), Jeffrey Madrick (Challenge Magazine), David Moss (Harvard University), Gerald Rosenfeld (Rothschild North America and New York University), and Myron Scholes (Platinum Grove Asset Management).


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