2008 Headlines
Business@Cornell launches with Market Crisis Unraveled, From Wall Street to Main Street
Tune in to the live webcast at 3:00 pm on October 23 to gain perspective from three faculty experts
October 21, 2008 | Ithaca, NY | This is the first in a series of live webcasts that are being offered by Business@Cornell, a partnership between the Johnson School, the School of Hotel Administration, and the Applied Economics and Management Program at Cornell University. Hear from three experts on issues of real estate finance, the market's reactions to the bailout, and the effect on our economy.
Brief Speaker Bios
Daniel Quan is an expert in real estate and real estate finance, with a special emphasis on securitization and structured finance. Prior to his Cornell appointment, Quan was the chief mortgage economist at the Board of Governors of the Federal Reserve in Washington, D.C. He was responsible for monitoring and reporting on all matters relating to both the primary and the secondary mortgage markets for both the residential and the commercial sector.
Bob Andolina recently retired from Lehman Brothers after 19 years in the equities business. He began his career in equities in 1986 as an institutional research salesman in the equities division of Donaldson, Lufkin & Jenrette, and later established and ran the firm's institutional equity sales office in Los Angeles. In 1999, he was named a managing director and took responsibility for the U.S. research sales office in London, with operations encompassing the United Kingdom, Netherlands, Scandinavia and the Middle East. In 2000, he joined Lehman Brothers in London to run their U.S. cash business into Europe, and he later moved to Frankfurt to assume responsibility for the German/Austrian equity operations, which he ran until his retirement in 2005. Bob holds an MBA from the Johnson School and a BS from Purdue University.
Ori Heffetz examines cultural aspects of economic behavior. His work studies the cultural context of economic decisions. His work focuses on the empirical relationships between spending patterns of U.S. households and the extent to which spending on different consumer products and services is visible or displayable to other members of society. He has explored phenomena such as conspicuous consumption, whereby consumers purchase visible goods in their attempts to advertise their wealth and gain social status.
