2017 Business Forecast: Confidence in Uncertain Times — Austin SOLD OUT
Join us for a lively discussion with corporate executives, economists, and academic leaders, including David Booth, Chairman and Co-CEO - Dimensional Fund Advisors; Robert Metcalfe, Inventor of the Ethernet and Professor of Innovation - Cockrell School of Engineering; Mine Yücel, Senior Vice President and Director of Research - Federal Reserve Bank of Dallas; and Jay Hartzell, Dean - McCombs School of Business.
Wednesday, January 11, 2017 - 7:00AM - 9:30AM
Etter-Harbin Alumni Center, 2110 San Jacinto Blvd., Austin, Texas 78712
Brazos Public Parking Garage, 210 E. MLK Blvd., University of Texas at Austin 78705
San Jacinto Public Parking Garage, 2401 San Jacinto Blvd, Austin, TX 78705
For the fifth consecutive year, the McCombs School of Business at The University of Texas at Austin and the Federal Reserve Bank of Dallas collaborate to present a business forecast and networking event. Leading the discussion will be a Federal Reserve Bank economist and executives from the key industry sectors driving Texas’ economy.
Panelists will answer your questions about the future of the economy, both statewide and nationally. Each city will have a different focus:
Austin: Financial services and entrepreneurship
Dallas: Commercial real estate and financial services
Houston: Health care and energy
San Antonio: Retail distribution and cloud technology
We have seen dramatic declines in the energy sector over the past two years. President-elect Donald Trump's energy policies are still in question—as are many other policies that will affect how business is done going forward. How do savvy business leaders forge ahead in this volatile environment?
David Booth, a founder of Dimensional Fund Advisors in 1981, is the chairman and co-chief executive officer. Currently, Mr. Booth serves on the Investment Company Institute Board of Governors and is an active member of the ICI Executive Committee. In 2016, he received the Investment Management Lifetime Achievement Award from Institutional Investor magazine, and Forbes ranked Mr. Booth as No. 39 on the magazine’s list of the 40 “Money Masters: The Most Powerful People in the Financial World.” In 2012, he was awarded the Outstanding Financial Executive Award by the Financial Management Association International for his background and accomplishments in applying financial theory and research to the practical world of asset management, particularly for his pioneering work in indexing and small capitalization investing. MutualFundWire ranks him seventh in its list of the 100 Most Influential People in mutual funds. In 2010, InvestmentNews named Mr. Booth as one of "The Power 20" in the financial services industry.
Mr. Booth has written numerous articles, including "Diversification Returns and Asset Management" with Eugene F. Fama, which won a Graham and Dodd Award of Excellence from the Financial Analysts Journal in 1992.
The University of Chicago Booth School of Business was named in honor of Mr. Booth, where he also serves as a lifetime member of the business advisory council. He is a member of the board of trustees of the University of Chicago, University of Kansas Endowment Association, and Museum of Modern Art in New York. He is also on the board of overseers for the Becker Friedman Institute.
Mr. Booth received his MBA from the University of Chicago in 1971. He also holds an MS and a BA from the University of Kansas.
Robert Metcalfe was an Internet pioneer starting in 1970 at MIT, Harvard, and Stanford. He invented Ethernet at the Xerox Palo Alto Research Center in 1973 and founded 3Com Corporation in 1979. Ethernet became the industry standard packet plumbing of the Internet. Today, more than a billion Ethernet ports ship each year, if you count Wi-Fi, (which Professor Metcalfe does). For various times at 3Com in Silicon Valley 1979-1990, Professor Metcalfe was chairman, CEO, VP sales and marketing, VP corporate marketing, and general manager of the Software, Workstation, and Hardware divisions. 3Com raised venture capital starting in 1981, went public in 1984, had $5.7B in revenue in 1999, and became part of HP in 2010.
Professor Metcalfe spent the 1990s as CEO, publisher, columnist at InfoWorld, and VP technology at its billion-dollar parent IDG. Professor Metcalfe spent the 2000s as a general partner of the billion-dollar venture capital company, Polaris Venture Partners, where he is now emeritus partner. In 2011, Professor Metcalfe became professor of innovation in the Cockrell School of Engineering at The University of Texas at Austin. During 2015-16, Professor Metcalfe will be an MIT visiting innovation fellow. His principle interest is in the startup ecosystems surrounding research universities.
Professor Metcalfe is a member of the National Academy of Engineering and in 2005 he received the National Medal of Technology for his “leadership in the invention, standardization, and commercialization of Ethernet." He says his mission is, "to help Austin and now 'Baustin' be better Silicon Valleys.”
Mine Yücel has been with the Federal Reserve Bank of Dallas since 1989. Prior to becoming research director, Yücel was head of the FRB micro/regional/energy group and director of publications. Yücel is an advisor to the Federal Reserve Bank of Dallas president on regional and energy issues and has published numerous articles on energy and regional growth.
Yücel is a member of the National Association for Business Economics board of directors and was president of the International Association of Energy Economics in 2011, an institution with 102 member countries. She is also past president of the United States Association of Energy Economics (USAEE). In 2006, she was chosen as one of the recipients of the Key Women in Energy—Global Award. She received the USAEE Senior Fellow Award in 2007 and the Energy Journal Best Paper Award in 2009.
Before joining the Bank she was an assistant professor of economics at Louisiana State University. She has a BS and MS in mathematics from Bogazici University in Istanbul, Turkey, and a Ph.D. in economics from Rice University in Houston.
Jay C. Hartzell
Jay C. Hartzell is the dean of the McCombs School of Business at The University of Texas at Austin. He joined UT in 2001 after teaching at New York University’s Stern School of Business, and prior to his current role, he held several key administrative roles at the McCombs School. His most notable positions include his service as the senior associate dean for academic affairs, chair of the finance department, and executive director of the McCombs School’s Real Estate Finance and Investment Center.
Dr. Hartzell holds the Centennial Chair in Business Education Leadership and the Trammell Crow Regents Professorship in Business. He holds a B.S. in Business Administration and Economics (cum laude) from Trinity University and a Ph.D. in Finance from The University of Texas at Austin. His research focuses on real estate finance, corporate finance and corporate governance. His articles have been published in the leading journals in the field, including the Journal of Finance, Journal of Financial Economics, Real Estate Economics, and the Review of Financial Studies. Dr. Hartzell serves on the editorial board of Real Estate Economics, and he served as an associate editor of the Review of Financial Studies, and as a member of the board of directors of the American Real Estate and Urban Economics Association. In addition to his academic experience, Dr. Hartzell previously worked as a consultant with Hewitt Associates.
Learn what global and U.S. factors could impact Texas and the local Austin economy, and how companies are dealing with uncertain economic times.