[MUSIC]
I want to bring up who is going to
speak.
But to do that,
I want to start by introducing
the reason that she is coming up.
So every year we award one faculty
member an award, the Robert award,
for service to the school's alumni.
And this is an award that's named
for our former Dean,
Bob who joined the GSB as
a faculty member back in In 1961.
And many of you may remember Bob
because he was a great accounting
teacher, and then he was the acting
dean, and then he became the dean
of the school in 1983 and
served as dean until 1990.
And this year's award winner is.
>> So in that, please come up.
>> [APPLAUSE] >> Okay,
and I'm going to give a not this
beautiful silver bowl.
>> And then because no good
deed goes unpunished at the GSB,
she had to prepare a talk.
So, >> [LAUGH] >> Which is
going to be fantastic.
>> But let me just say a few things
about her now.
Is the George Parker Professor of
Finance and
Economics here at the GSB.
She directs the corporations
society initiative which I talked
about a few minutes ago, and she'll
hopefully tell you more about.
She's a senior fellow at
the Stanford Institute for
Economic Policy Research.
She is an expert on,
I have so many things here actually
to say about.
She's got so many accolades.
She's one of the foreign policy
magazine's 100 Top Global thinkers
and Time Magazine's 100 most
influential people in the world,
and has award winning books and
so forth.
But let me actually rather than
list all those accolades for, and
I'll just say, to me, what is one
of the most amazing things about.
Career, as a faculty member here,
which is, and I came here to, and
I came to the GSB right out of
graduate school, and she was
an economic theorist doing finance
and she was a top notch one.
Did that for many years, got tenure
taught in the MBA program.
And had this amazing shift in her
career at the time of the financial
crisis.
And I think of it as, maybe not,
we'll talk about it a little bit,
but I think of it as sort of Paul
on the road to Damascus moment
which was, I don't know,
shaking her head,
which direction and that one.
But basically, a recognition that
the sort of some of the stylized
models of academic finance
basically didn't do a great job of
capturing some of the issues that
came up in the financial crisis.
The institutional issues,
the leverage issues for banks,
the political economy issues, and
completely changed the types of
problems she thought about.
And has since that time become
one of the leading thinkers in
the world, first on financial
regulation, financial markets,
financial institutions.
And then broadened out again over
the last five, six, seven years to
be one of the leading figures about
the world of business and society,
and the nature of business
institutions in the United States
and around the world.
And it's a great pleasure to get
a word.
And at this presence of
introduce her.
So thank you, and we have this
beautiful bowl for you.
>> Thank you [LAUGH].
>> [APPLAUSE]
[MUSIC]