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Clarke Business Law Institute Leadership

ROBERT C. HOCKETT

Professor of Law, Cornell Law School

Robert C. Hockett was a Rhodes Scholar at Oxford University, where he received an M.A. in philosophy (mathematical logic concentration) and economics. He received his LL.M. and J.S.D. from Yale Law School and clerked for Hon. Deanell Reece Tacha, Chief Judge of the U.S. Court of Appeals for the Tenth Circuit. He also serves as consultant at the Federal Reserve Bank of New York, previously worked for the International Monetary Fund, and has just been named Fellow to the Century Foundation to lead its financial reform and economic democracy programs.

With his broad educational and practical background, Hockett has forged collaborations with faculty from many Cornell and peer university departments, as well as with state and federal legislators, think tanks, investment banks, and community groups. These include Cornell's Johnson School and Economics Department, NYU's Furman Center for Real Estate and Urban Policy, the New York City Bar Association, and even three working groups of the "Occupy" movement. Recent joint projects include white papers with Cornell's Robert Frank, NYU's Nouriel Roubini, and Westwood Capital's Daniel Alpert, as well as new statutes and supporting white papers co-drafted for NY Congressman Brian Higgins and the Banking Law Committee of the New York City Bar.

LYNN STOUT

Distinguished Professor of Corporate and Business Law, Cornell Law School

Lynn Stout joined the faculty in July 2012 as the Distinguished Professor of Corporate and Business Law, the first endowed faculty chair in the BLI. She is an internationally recognized expert in the fields of corporate governance, financial regulation, law and economics, and moral behavior, and has published numerous articles and books on these topics.  Her most recent book is The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public (Berrett Koehler Publications, 2012).   The Shareholder Value Myth was named 2012 Governance Book of the Year by Directors and Boards Magazine and received a 2012 High-Impact Publication Award from the Media Consortium.

Stout holds a B.A., summa cum laude as well as a Masters in Public Affairs from Princeton University and a J.D. from Yale Law School. She has previously taught at Harvard Law School, NYU Law School, Georgetown University Law School, UCLA Law School, and the George Washington University Law School, and she has been a Guest Scholar at the Brookings Institute in Washington, DC.  Among other positions, she presently as an Independent Trustee for the Easton Vance  family of mutual funds; a member of the Board of Advisors for the Aspen Institute's Business & Society Program; Executive Advisor to the Brookings Institution Project on Corporate Purpose; Advisor to the Conference Board's Governance Center; and as a Research Fellow for the Gruter Institute for Law and Behavioral Research. 

CHARLES K. WHITEHEAD

Professor of Law, Cornell Law School, Adjunct Professor of Management, S.C. Johnson Graduate School of Management

Charles K. Whitehead is a Professor of Law at Cornell Law School, specializing in the law relating to business organizations, capital markets, financial institutions and transactions, and mergers and acquisitions.  Professor Whitehead held senior legal and business positions in the global financial services industry, practicing in New York, London, and Tokyo, before entering academia.  He was a Research Fellow at Columbia Law School before joining the Boston University School of Law faculty in 2006 and the Cornell Law School faculty in 2009.  During spring 2013, Professor Whitehead was the first "foreign expert" Visiting Professor at Peking University Law School.

Professor Whitehead's recent scholarship includes Lawyers and Fools:  Lawyer-Directors in Public Corporations (forthcoming, The Georgetown Law Journal; co-authored with Lubomir Litov and Simone Sepe), The Goldilocks Approach: Financial Risk and Staged Regulation (Cornell Law Review, 2012), Sandbagging: Default Rules and Acquisition Agreements (Delaware Journal of Corporate Law, 2012), and The Volcker Rule and Evolving Financial Markets (Harvard Business Law Review, 2011).  His article, Destructive Coordination (Cornell Law Review, 2011), was voted by U.S. corporate and securities law professors as one of the top ten papers of 2011.  Professor Whitehead is a member of the American Law Institute and a Fellow of the American Bar Foundation.  He is also a member of the CDS Risk Committee, Chicago Mercantile Exchange, and Co-Chairman of the ABA International Financial Products and Services Committee.  Professor Whitehead was a law clerk to the Hon. Ellsworth A. Van Graafeiland, U.S. Court of Appeals (2nd Circuit), and is a graduate of Columbia Law School (James Kent Scholar; Harlan Fiske Stone Scholar) and Cornell University, magna cum laude.

RAYMOND J. MINELLA

Executive Director, BLI, Adjunct Professor, Cornell Law School

After graduating from Cornell Law in 1974 and receiving his M.B.A. from Wharton in 1976, Ray Minella began his career with Merrill Lynch, where he participated in virtually every leveraged transaction in which Merrill Lynch was involved from 1985 through 1991. With total transaction values exceeding $100 billion, he has worked on some of the largest and most complicated trans- actions, including those for RJR Nabisco, Time Warner, Viacom, BorgWarner, GAF, and the IPO of Liz Claiborne. He then created and chaired Berenson Minella and Company, a Wall Street investment-bank- ing firm. In 2002, he joined Jefferies and Company, a full-service investment bank and institutional securities firm, where he became vice chairman of investment banking.