Friday, January 11, 2013 - 1-2 PM ET
Bernie Madoff, a Calamity Cascade, and the Aftermath
Guests: Diana B. Henriques, Jules Muis and Sharon Benjamin
Diana B. Henriques a contributing writer for The New York Times and author of The Wizard of Lies: Bernie Madoff and the Death of Trust, the astonishing story of the man who invented an elaborate facade of respectability and propriety around a $65 billion Ponzi scheme. Her meticulous research documents Madoff’s extraordinary financial rise, his fall, and the spiral of human disasters that followed, the suicides, business failures, and ruined charities. It’s a complex and cautionary story that raises questions about why all the sophisticated regulators, auditors, and hedge fund administrators who should have known better overlooked so many red flags.
An acclaimed financial writer, Diana has won several awards for her work on the Times coverage of the Madoff scandal, and was part of a team recognized as a Pulitzer finalist for its coverage of the financial crisis of 2008. She is also the author of White Sharks of Wall Street, a history of early corporate takeovers and Tom Evans, arguably the first corporate raider, and Fidelity’s World. The Secret Life and Public Power of the Mutual Find Giant. Henriques was awarded a Ferris professorship in writing at Princeton University for the 2012-2013 academic year and is a frequent guest lecturer for business journalism classes and workshops elsewhere. In 2003, she was elected to the board of governors of the Society of American Business Editors and Writers (SABEW), and in 2011, she was elected to the board of trustees of The George Washington University in Washington, D.C.
Jules Muis was vice president and controller of The World Bank from 1995-2000, and during that time was charged with introducing modern controllership, risk management and internal controls at the bank. He served for many years as a partner at Ernst & Young and in executive roles in its predecessor firms. He is former president of the Dutch Institute of Registered Accountants, and former director general and chief internal auditor of the European Commission. He has deep interest in the governance and workings of the international financial architecture, and has been a strong voice for good macro and micro governance, transparency, orderly processes and accountability. He is a member of the audit committee of the International Criminal Court, Chairman of the Oversight Committee of Common Content, an inter-European cooperative among nine major accountancy bodies aimed at streamlining and upgrading accountancy education with the goal of creating curriculum for a European Accountant Passport, and a member of the International Finance Corporation Global Corporate Governance Forum’s Private Sector Advisory group. He was recently appointed as an independent member of the Board of Auditors of the European Stability Mechanism.
Sharon Benjamin is principal of Alchemy, a Washington DC based management consulting practice. She consults with multi-lateral, NGO and healthcare organizations. An adjunct professor at NYU, she teaches the leadership capstone course for MPA students. Her work supports leaders seeking to effect profound transformation -- within themselves and their organizations, pioneering innovative methods such as Positive Deviance. Her previous positions have included Vice President for Marketing for the Rails-to-Trails Conservancy in Washington, DC and Director for Major Gifts for the Union of Concerned Scientists in Cambridge MA. She earned her doctorate in organizational behavior from the Union Institute and University in Cincinnati OH, where she has co-taught three leadership seminars. She has been active in the non-profit community, serving as Treasurer of the Board Earthworks, chair of the Board of Directors of Bluevoice.org, and a member of Oceana's Board of Governors and the Plexus Institute Board of Trustees.