Board of Trustees

David M. Cromwell
Lester Crown Adjunct Professor of Entrepreneurship
Yale School of Management

David M. Cromwell is currently Adjunct Professor of Entrepreneurship at Yale School of Management. He received Yale SOM's "Teacher of the Year" award for the 1998-99 academic year. Before Yale, he worked for 30 years at JP Morgan & Co, in New York and London. From 1989 to 1995, David Cromwell was President and CEO of JP Morgan Capital Corporation, the venture capital investment business of the bank. During his tenure, the firm invested $750 million in some 80 different companies and achieved a cash-on-case rate of return of 32%. MBA, NYU 1968

Martin Shubik
Seymour H. Knox Professor of Mathematical Institutional Economics
Professor Emeritus
Yale School of Management

A member of the Yale faculty since 1963, Professor Shubik is a specialist in strategic analysis, the economics of corporate competition, and the stuff of financial institutions. He has been a consultant to many major corporations, including the RAND Corporation, Ford Motor Company, General Electric Company, IBM, and to agencies of several foreign governments. He has also served as an expert witness in financial and economic litigation. The author of hundreds of articles and over a dozen books, Professor Shubik has served on the staff of the T.J. Watson Research Laboratories at IBM, and as a visiting professor at the University of Chile in Santiago, the Institute for Advanced Studies in Vienna, and the University of Melbourne. He has also served as Director of the Cowles Foundation for Research in Economics at Yale.

Thomas Krens
Former Director of the Solomon R. Guggenheim Foundation and current Guggenheim Senior Advisor for International Affairs

Thomas Krens oversaw the Solomon R. Guggenheim Museum and Guggenheim Museum SoHo in New York, the Peggy Guggenheim Collection in Venice, Italy, the Guggenheim Museum Bilbao in Spain, and the Deutsche Berlin in Germany. Under his leadership, facilities have been restored and expanded and international ties and networks substantially strengthened. Thomas Krens has an academic background as an art historian teaching in the art department at Williams College where he was also Director of the Williams College Museum of Art. In 1984 he received a Masters Degree in Private and Public Management from Yale School of Management. He has been a member of the Association of American Art Museum Directors since 1986 and serves on numerous committees and boards.

Ronald Dembo
Ron Dembo is a key theorist of risk, best known for equivalence of ‘risk’ and regret. Founder and President of Algorithmics Incorporated, a software company in Toronto that specializes in risk management software, that embodies his risk theories. Algorithmics operates in 31 countries and is currently the worldwide leader in financial enterprise risk management (ERM) software solutions to large financial institutions. From 1976 to 1986, he served as an Assistant and Associate Professor of Operations Research and Computer Science at Yale University and as a visiting Professor for Operations Research at the Massachusetts Institute of Technology. Dr. Dembo has written and published over 50 technical papers on Finance and Mathematical Optimization. He also holds a number of patents in computational finance.

Vernon L. Smith
Vernon L. Smith, Nobel Prize winner in Economics, 2002, is currently Professor of Economics and Law at George Mason University, a research scholar in the Interdisciplinary Center for Economic Science, and a Fellow of the Mercatus Center in Arlington, VA. He received his bachelor's degree in Electrical Engineering from Cal Tech, and his Ph.D. in Economics from Harvard. He has authored or co-authored over 200 articles and books on capital theory, finance, natural resource economics and experimental economics.

He is a distinguished fellow of the American Economic Association, an Andersen Consulting Professor of the Year, the 1995 Adam Smith award recipient conferred by the Association for Private Enterprise Education. He was elected a member of the National Academy of Sciences in 1995, and received CalTech's distinguished alumni award in 1996.