Top B-Schools For Sustainability? by: Jeff Schmitt on October 13, 2013 | 5,486 Views October 13, 2013 Copy Link Share on Facebook Share on Twitter Email Share on LinkedIn Share on WhatsApp Share on Reddit Haas Professor Janet Yellen Hass Professor Janet Yellen Tabbed to Lead Federal Reserve Haas 1 Harvard 0. That’s the final tally after former Haas professor Janet Yellen edged out Larry Summers, former Treasury Secretary and Harvard President, to head the Federal Reserve Board. Nominated by President Obama to succeed Ben Bernanke, Yellen becomes the first woman to ever hold that post. Slated to start in January 2014, Yellen faces many challenges in her new role. Her appointment to the Fed, which sets monetary policy and regulates financial institutions, comes at a time of stagnant economic and job growth and government gridlock. She faces the additional challenge of wooing skeptical Republicans, who have been critical of the Fed’s ongoing bond-buying binge. Yellen has spent much of her career in academia. She earned her Bachelor’s in Economics from Brown University and her Ph.D. in Economics from Yale University. After serving as an Assistant Professor at Yale, Yellen spent a quarter century at the Haas School of Business at the University of California at Berkeley, where she taught macroeconomics courses and conducted research, which focused on “unemployment and labor markets, monetary and fiscal policies and international trade and investment policy.” A popular instructor, Yellen twice earned Haas’ Earl F. Cheit Award for Excellence in Teaching. In 2004, Yellen became the chief executive officer of the Federal Reserve Bank of San Francisco. In 2010, she began serving as the Federal Reserve’s Board of Governor. From 1997-1999, Yellen also chaired the President’s Council of Economic Advisers under President Clinton. Yellen’s appointment has been warmly embraced by the Haas community. Dean Rich Lyons gushed that he “could not think of a sharper mind or a more thoughtful citizen to lead the world’s most influential central bank in its effort to regain the economy’s full potential.” However, her biggest endorsements have come from former students. Juan Manuel Matheu, a 2004 Haas graduate and Chief Executive Officer of Banco Falabella in Chile, cited Yellen’s open-mindedness and low key demeanor as her main assets, noting that he was impressed by her impressed by Yellen’s “ability to listen respectfully to different points of view, contrast them with her clear ideas and even incorporate part of them in her own thinking.” Matheu adds that Yellen “cares and embodies our values; she is the living example of all four of the Berkeley-Haas defining principles, especially ‘confidence without attitude.’” Yellen joins the list of other Haas professors serving in government. Laura Tyson, who also chaired the President’s Council of Economic Advisers during the Clinton administration, taught at Haas for nearly 25 years before returning there in 2007. Christina Romer also chaired the Council during the Obama administration and taught at Haas as well. Source: California-Berkeley Previous Page Continue ReadingPage 3 of 5 1 2 3 4 5