Home > 125 Events > Wharton's Business Roundtable on Leadership
Wharton's Business Roundtable on Leadership:: Speakers
Annenberg, Zellerbach Theater
September 15, 2006
3680 Walnut Street
Philadelphia, PA
Speakers
- Professor Patricia Danzon
- Connie K. Duckworth, WG'79
- Alex Gorsky, WG'96
- Dean Patrick T. Harker
- C. Robert Henrikson, C'69, WAM'90
- Jeffrey Katz, WG'71
- Professor Peter Linneman
- Professon Michael Useem
- Seth H. Waugh
Patricia Danzon
Celia Z. Moh Professor; professor of Health Care Systems and Insurance and Risk Management; chairperson, Health Care Systems Department
Professor Danzon is an internationally recognized expert in the fields of health care, pharmaceuticals, insurance, and liability systems. She is a member of the Institute of Medicine and the National Academy of Social Insurance. She is also a Research Associate of the National Bureau of Economic Research. She has served as a consultant on international health care issues to the World Bank, the European Commission Working Group on Pharmacueticals, the New Zealand Treasury, the Asian Development Bank, and U.S. Agency for International Development. In the U.S. her consulting experience includes work for the American Medical Association, the American Hospital Association, the Insurance Services Office, the Institute for Civil Justice, the Alliance of American Insurers and the Pharmaceutical Manufacturers' Association. To read Prof. Danzon's full profile, click here.
Connie K. Duckworth, WG'79
President and Chairman of the Board, Arzu, Inc.; Member, the U.S. Afghan Women's Council; Member, Wharton Board of Overseers; Retired Partner and Managing Director, Goldman, Sachs, & Co.
Ms. Duckworth serves pro bono as President and Chairman of the Board of Arzu, Inc. and is an active member of the U.S.-Afghan Women's Council, a public/private partnership established by Presidents Bush and Karzai in 2002; a member of the Council on Foreign Relations initiative on women and foreign policy, and an Advisory Director of the Business Council for Peace.
She is a retired Partner and Managing Director of Goldman, Sachs, & Co., where she was named the first woman sales and trading partner in the firm's history during her 20 year career. Her book, a primer on how to start a business entitled The Old Girls Network: Insider Advice for Women Building Businesses in a Man's World (Basic Books 2003), was published in September 2003.
Ms. Duckworth sits on the Board of Trustees of Northwestern Mutual, the Boards of Directors of Smurfit Stone Container Corporation, Nuveen Investments, Inc. and DNP Select Income Fund, the Board of Overseers of the Wharton School and is Vice Chairman of the Board of Evanston Northwestern Healthcare. She is a past Chair of the Committee of 200, the organization of leading women entrepreneurs and corporate business executives in the U.S. She holds an M.B.A. from The Wharton School of the University of Pennsylvania and a B.A. from the University of Texas.
Alex Gorsky, WG'96
Head of Pharma North America and Chief Executive Officer, Novartis North America
Alex Gorsky was appointed Head of Pharma North America and Chief Executive Officer of Novartis Pharmaceuticals Corporation in the Fall of 2005. He is responsible for North American pharmaceutical operations which includes both the United States and Canada .
Since joining NPC in 2004 as Chief Operating Officer and Head of General Medicines, Alex quickly established himself as a leader who is well equipped to build upon NPC's success. Alex has overseen the continued growth of Novartis' industry-leading cardiovascular franchise, which includes blockbuster products Diovan and Lotrel. He also oversaw the launch of Enablex, a product for over-active bladder and completed a deal with Procter & Gamble to co-promote and further develop the product. He was also involved in the launch of Focalin XR for ADHD. Novartis also markets innovative therapies such as Zelnorm for IBS, Lamisil for onychomycosis and Elidel for Eczema. He was instrumental in developing NPC's Medicare strategy and oversaw a realignment of the company's sales force. A champion of diversity in the workplace, he created NPC's CEO Diversity & Inclusion Award.
Prior to joining Novartis, Alex was based in London as Company Group Chairman for Johnson & Johnson's pharmaceutical business in Europe, the Middle East and Africa . Prior to that, Alex spent 15 years in various sales, marketing and management roles at Janssen Pharmaceutica, a Johnson & Johnson unit, and was based in New Jersey . He began his pharmaceutical career as a sales representative and held various roles of increasing responsibility in sales, marketing and general management.
As president of Janssen's U.S. operations, Alex was responsible for the day-to-day management of more than 2,500 employees. His landmark achievements at Janssen include the commercialization of blockbusters Risperdal®, an atypical anti-psychotic medicine, and Duragesic® for pain. He also oversaw the launches of Aciphex®, a proton pump inhibitor for GI disorders, and Reminyl®, a treatment for Alzheimer's disease. He started his career as a sales representative with Janssen in San Jose , California.
Alex holds a 1982 bachelor's of science degree from the U.S. Military Academy in West Point, N.Y., and spent six years in the U.S. Army, finishing his career with the rank of Captain. During that same time, he earned the Ranger Tab, Airborne Wings, and served in Europe, the United States and Panama . He obtained a master's in business administration from The Wharton School of the University of Pennsylvania in 1996.
Alex has also been actively involved in the National Alliance for the Mentally Ill, the National Alliance on Aging, the Philadelphia College of Pharmacy, the Doylestown Hospital Board, the Boy Scouts of America, and as a Youth League Coach for Lacrosse.
Alex is a former marathon runner and tri-athlete. His passions include his family, American and English literature and fitness.
Patrick T. Harker
Reliance Professor of Management and Private Enterprise; Professor of Operations and Information Management, Management, and Electrical and Systems Engineering
Dean, The Wharton School
Dr. Patrick T. Harker is the dean of the Wharton School of the University of Pennsylvania and the Reliance Professor of Management and Private Enterprise.
Under his leadership, the Wharton School created Wharton West, the School's San Francisco-based campus, formed an alliance with INSEAD, the leading non-U.S. based business school to offer global programming and conduct research on international issue, expanded Knowledge@Wharton with three foreign language and content versions, launched Wharton School Publishing, and, through the Alfred P. West Learning Laboratory, has set new standards in use of technology in business education.
Dr. Harker is also a senior fellow at the Wharton Financial Institutions Center and holds a secondary appointment as a Professor of Electrical and Systems Engineering at the University of Pennsylvania . Dr. Harker is the former chair of the Department of Systems Engineering Penn's School of Engineering and Applied Science, and the Operations and Information Management Department at Wharton.
The naming of Dr. Harker as a Presidential Young Investigator by the National Science Foundation in 1986 affirmed his reputation as a leading scholar in the areas of service and technology management and operations research. He has published five books and more than 80 professional articles. Dr. Harker served as director of the Fishman-Davidson Center for the Study of the Service Sector at Wharton and as a co-principal investigator on a $6 million project from the Sloan Foundation to study productivity and technological impacts in financial services.
In June 1991, President Bush named Dr. Harker as a White House Fellow, one of sixteen chosen in the country. In this position, he spent 1991-92 as a special assistant to the director of the F.B.I.
He currently serves as a Trustee of the Goldman Sachs Trust and the Goldman Sachs Variable Insurance Trust as well as serving as a member of the Advisory Board of Juniper Bank and Chair of the Scientific Advisory Board of Traffic.com, Inc. In addition, he serves as a member of the Board of Managers of the Goldman Sachs Hedge Fund Partners Registered Fund LLC, as a founding member of the Board of Advisors for Decision Lens, Inc., as a member of the Diocesan Finance Council for the Diocese of Camden, and is a founding member of the Board of Directors of the National Leadership Roundtable on Church Management.
Dr. Harker received his B.S.E., M.S.E. M.A. and Ph.D. from the University of Pennsylvania . He is the youngest faculty member to be awarded an endowed professorship in the history of the Wharton School. To read Dean Harkers's full profile, click here.
C. Robert Henrikson, C'69, WAM'90
Chairman, President, & Chief Executive Officer, MetLife, Inc.
C. Robert (Rob) Henrikson is chairman of the board of directors, president and chief executive officer of MetLife, Inc. (NYSE: MET), the global insurance and financial services company. MetLife, with nearly $45 billion in 2005 annual revenue, ranks 35 th on the Fortune 500®.
Henrikson was appointed CEO on March 1, 2006 and chairman of the board on April 25, 2006. The 58-year-old executive has been overseeing all of the company's revenue-generating businesses since becoming president and chief operating officer in June 2004. Over the past four years, MetLife achieved an increase in operating earnings available to common shareholders from $1.7 billion to $3.3 billion in 2005. During the same period, the company's operating return on common equity rose to 14.4%.
Henrikson has been the architect of an aggressive growth strategy that included double-digit organic growth, the divestiture of non-core businesses, and an M&A strategy which resulted in market leadership in all of MetLife's core product lines. Before it was commonly talked about, Henrikson recognized the opportunities presented by the changing demographics in a global marketplace and set the company on a course for continued success by developing innovative products and services and strengthening the company's distribution power in the U.S. and 16 markets in Asia Pacific, Latin America and Europe . He was also responsible for improving profitability models and realizing operational efficiencies through the development of a common platform for product manufacturing, pricing, underwriting and marketing for all major business lines. The development of a common platform strengthened MetLife's integration capabilities, which were demonstrated during the quick and seamless integration of Travelers, a $12 billion July 2005 acquisition.
Henrikson started his career at MetLife 33 years ago as a sales representative, first selling individual policies to consumers and, ultimately, selling multi-million dollar insurance and investment contracts to the employee benefits plans of the largest companies in the U.S. Henrikson took his intimate knowledge of customer needs and parlayed it into new product and market opportunities. The structured risk solutions he designed two decades ago for corporate and government pension plans are still sold today and represent billions of dollars of assets under management for the company. In 1993, Henrikson transitioned from sales to a substantial leadership role when he was tapped as head of the company's pension business, which he broadened and later renamed MetLife's Retirement & Savings business. He is credited with overhauling the financial profile of that multi-million dollar business by restructuring the underlying liabilities. In 2005, the business contributed $800 million in operating earnings available to common shareholders.
In 1996, Henrikson was named president of MetLife's Institutional Business, the company's group insurance and employee benefits business, which generated nearly half of the company's earnings. As the head of Institutional Business, Henrikson grew the unit faster than the market, more than doubling revenues and significantly increasing customer satisfaction, retention and market share. With a focus on managing return on capital, Henrikson significantly changed the risk profile of the company's group insurance business. MetLife also acquired John Hancock's group life insurance business, which helped to further strengthen MetLife's position as the largest U.S. life insurer. Today, MetLife holds the #1 market position in 12 group product categories and counts 88 of the top one hundred Fortune 500 â companies among its customers.
In 2002, Henrikson was named president of the newly-created U.S. Insurance and Financial Services businesses, which combined MetLife's Institutional Business with its retail franchise. MetLife's Individual Business has the industry's most diverse distribution system with career agency, general agency and independent advisors serving, at the time, more than 13 million customers, as well as distribution through banks and broker-dealers.
Recognizing the implications of increasing longevity over a decade ago, Henrikson began positioning the company to meet the retirement needs of the baby boomers and future generations. He invested in and grew MetLife's long-term care (LTC) business tenfold, which included the acquisition of TIAA-CREF's LTC insurance business in 2003.
With his expertise from leading MetLife's pension business, in 2004 Henrikson internally commissioned the development of a new suite of income annuities. Among the most innovative in the industry, MetLife's income annuities offered through both retail and group channels are positioned as the "next generation" of personal pension products.
While Henrikson was focusing MetLife on its retirement course, he initiated a complex deal in 2004 to sell State Street Research & Management Company - MetLife's asset management arm with $50 billion of assets under management - to BlackRock, Inc., one of the largest publicly-traded investment management firms in the U.S., in a cash and stock transaction.
An industry thought leader, Henrikson is regularly called upon to testify before and advise members of Congress on retirement-related issues. In 1999, he led a team of MetLife executives who traveled to Beijing to meet with government officials to discuss pension and Social Security issues. In 2002, he served as a delegate to the U.S. Department of Labor's National Summit on Retirement Savings.
Most recently, he has provided direction to U.S. senators and other congressional leaders to better inform the Social Security and corporate pension debates. He served as an active member of the Committee for Economic Development's Subcommittee on Social Security Reform and as a member of the Center for Strategic and International Studies' Commission on Global Aging. He was a guest speaker at an international convention on Social Security, sponsored by The Economist in Madrid. He is frequently quoted in the press about retirement and insurance issues and trends, including CNBC, Newsweek, Time and The Wall Street Journal.
Henrikson is a board member of the American Council of Life Insurers, a board member of The Ron Brown Award for Corporate Leadership and a board member emeritus of the American Benefits Council. He also serves on the National Board of Advisors at the Morehouse School of Medicine and is a trustee of the American Museum of Natural History.
Henrikson received a B.A. from the University of Pennsylvania and a J.D. from Emory University School of Law. In addition, he is a graduate of the Wharton School 's Advanced Management Program. His dedication to both institutions continues, serving as chairman of the board of Wharton's S.S. Huebner Foundation for Insurance Education, and as a member of the Emory Law School Council and the Emory Campaign Steering Committee.
Henrikson resides in Connecticut with his wife of 30 years, Mary. They have two grown sons.
Jeffrey Katz, WG'71
Chief Executive Officer and principal owner, Sherwood Equities, Inc.
Jeffrey Katz is the CEO and principal owner of Sherwood Equities, Inc., a privately held real estate development company. Over the past 30 years, Mr. Katz has owned, developed and managed properties valued in excess of $1 billion. Mr. Katz has been actively involved in reshaping the Times Square area for over two decades. As the developer of One Times Square, Two Times Square and 1600 Broadway on the Square, he has successfully leased, and currently operates, three of Times Square 's most prominent properties. The development of Two Times Square was widely recognized for its unique integration into the building of its seven super signs, and the project was honored by the Municipal Arts Society and received one of the City Club of New York's 27 th Annual Bard Awards for Excellence in Architecture and Urban Design. Because of the fully integrated relationship between buildings and signage in Times Square, Mr. Katz formed Sherwood Outdoor, Inc., a wholly owned subsidiary of Sherwood Equities, Inc., which has become the premier sign company in Times Square . He has also developed The Coronado, The Saratoga, 130 Barrow Street and 330 West End Avenue , all luxury residential condominium buildings, which Mr. Katz uniquely combined with commercial space and other amenities. 130 Barrow Street garnered numerous design and building awards, including The Builder's Choice Award for Best Mixed Use Development and a Certificate of Distinction in American Architecture from Hanover Publishing.
In addition to managing over 500,000 square feet of prime industrial buildings in Long Island, which were developed by Sherwood, Sherwood holds several key development sites on the west side of Manhattan.
Mr. Katz and his team of professionals conceive, develop, build and manage real estate projects that combine thoughtful and innovative design with quality construction to create sound, long-term investment assets. This high product standard is achieved through his company's active involvement in every stage of the development process, from acquisition through property management. This unrelenting follow-through and attention to detail has contributed to the success of his residential and commercial developments in the New York metropolitan area. Mr. Katz has been extremely successful in targeting premier development opportunities in select Manhattan markets and creating superior buildings.
Mr. Katz received his M.B.A. from the Wharton School of Business and his bachelor's degree from the University of Massachusetts . He is an active Board Member of the Times Square Alliance, Times Squares Business Improvement District. His expertise is reflected in Sherwood's reputation within the real estate industry, and particularly within the lending community, as a group with numerous successes based on one consistent element: a conservative approach to buying and developing.
Peter Linneman
Albert Sussman Professor of Real Estate; Professor of Finance;
Professor of Business and Public Policy
Widely recognized as one of the leading strategic thinkers in the real estate industry, Peter Linneman provides pioneering research, analysis and market studies to companies around the world. Recently named one of the 25 Most Influential People in Real Estate by Realtor Magazine, he speaks at conferences around the world and publishes The Linneman Letter, a quarterly report which examines the impact of macroeconomic factors on real estate markets. Founding chairman of Wharton's Real Estate department and founding co-editor of the Wharton Real Estate Review, he is also the author of Real Estate Finance & Investments: Risks and Opportunities. To read Professor Linneman's full profile, click here.
Michael Useem
William and Jacalyn Egan Professor; Professor of Management
Mike Useem is one of the leading global experts on corporate leadership and change management. He has led leadership seminars for the U.S. government, the United Nations, and businesses around the world, including American Express, Coca-Cola, Merrill Lynch, IBM, Northrop Grumman, and the New York Times. An author or editor of 10 books — including Upward Bound: Nine Original Accounts of How Business Leaders Reached Their Summits and Leading Up: How to Lead Your Boss so You Both Win — Professor Useem is director of Wharton's Center for Leadership and Change Management and the winner of almost 30 Wharton teaching awards. To read Prof. Useem's full profile, click here.
Seth H. Waugh
Chief Executive Officer, Deutsche Bank Americas, Chairman, Deutsche Bank Securities Inc., Chairman and President, Deutsche Bank Trust Corporation Americas
Seth Waugh joined Deutsche Bank in April 2000 as Regional Head of Global Markets and Equities and Vice Chairman of the Americas Executive Committee. Seth was appointed CEO of Corporate and Investment Banking in the Americas in 2001 and the following year was named CEO of Deutsche Bank Americas and Chairman of the Americas Executive Committee, a position he has held since May 2002.
Seth is Chairman of the Deutsche Bank Securities Inc. (DBSI) Board of Directors and serves as Chairman of the Board, CEO and President of several Deutsche Bank companies including Deutsche Bank Trust Company and Deutsche Bank Trust Corporation Americas.
Before joining Deutsche Bank, Seth was CEO of Quantitative Financial Strategies (QFS), a $2.5 billion hedge fund located in Greenwich, CT. Prior to his role at QFS, Seth spent 11 years at Merrill Lynch in a variety of capacities in the Fixed Income Division, most recently as Senior Vice President and Co-Head of Global Debt Markets. Earlier in his career, Seth managed the Corporate Bond and International Trading desks at Salomon Brothers.
> Seth's industry positions include board seats with the Securities Industry Association and The Clearing House. In addition, he is the Deutsche Bank Americas representative to the Financial Services Forum, an organization comprised of 20 CEOs from the largest and most diversified financial institutions in the United States.
Seth is the Chairman of the Board of Directors for Deutsche Bank Americas Foundation which administers the philanthropic activities of Deutsche Bank within the United States, Canada and Latin America. Seth's philanthropic endeavors also include positions on the boards of the YMCA of Greater New York, the Multiple Sclerosis Society of Greater New York, the Partnership for New York City, St. Vincent's Services of Brooklyn, the Local Initiatives Support Corporation, the Lawrenceville School in Lawrenceville, New Jersey and he is a member of the Winthrop University Hospital Board of Regents in Syosset, New York.
A graduate of Amherst College, Seth earned dual Bachelor of Arts degrees in Economics and English.
