Yale School of Management Honors Michael R. Bloomberg for Distinguished Leadership in Global Capital Markets

February 10, 2003 - New Haven, CT - The Yale School of Management honors Michael R. Bloomberg, Mayor of the City of New York, with The Yale School of Management Award for Distinguished Leadership in Global Capital Markets. The event, held in New York City, gathers 50 of the world's leading financiers, finance ministers, and central bank governors for a meeting that includes a discussion on the future of global markets.

In addition to remarks from Mayor Bloomberg, William J. McDonough, President and CEO of the Federal Reserve Bank of New York, and last year's recipient of this prestigious award, serves as Master of Ceremonies. Jeffrey E. Garten, Dean of the Yale School of Management and former U.S. Undersecretary of Commerce, hosts. Other participants include Yale School of Management alumni Thomas Krens, Director, Solomon R. Guggenheim Museum; Indra K. Nooyi, President and CFO, PepsiCo, Inc.; Nancy B. Peretsman, Managing Director, Allen & Company LLC; and John L. Thornton, President and Co-COO, Goldman Sachs & Company; along with Yale School of Management Advisory Board members Herbert M. Allison, Jr., Chairman, President, and CEO, TIAA-CREF; C. Michael Armstrong, Chairman, AT&T Comcast; Ellen Futter, President, American Museum of Natural History; Reed E. Hundt, Former Chairman, U.S. Federal Communications Commission; and Ira M. Millstein, Esq., Senior Partner, Weil, Gotshal & Manges, LLP. (A complete listing of participants is attached.)

Mayor Bloomberg is the third honoree of the business school's Distinguished Leadership in Global Capital Markets Award. Yale SOM began the award program in 2000 to honor an individual who has had significant impact furthering the efficiency, safety, and soundness of the international financial system. The first honoree was Arthur Levitt, then Chairman of the U.S. Securities and Exchange Commission.

"The importance of this year's recipient and the arena in which he has been working needs little elaboration. The impact of timely access to global financial information, the effective management of the financial capital of the world, and the need to make sure that all segments of the population share in the benefits of economic growth are just some of the trends that will affect world markets in the future," said Jeffrey Garten. "The Yale School of Management honors Michael R. Bloomberg for his extraordinary leadership in these and related issues," Dean Garten concluded.

Since graduating its first class in 1978, the mission of the Yale School of Management has been to educate leaders for business and society. The school prepares men and women to combine rigorous business skills with a broader appreciation for the economic, social, and political factors that shape the global environment. In September 1999, the school created the International Center for Finance, to focus research on the critical issues facing the global financial community. The Fellows of the Center include not only professors from the School of Management, but also from other parts of Yale University such as the Yale Law School and the Department of Economics. In September 2001, the school established the International Institute for Corporate Governance, devoted to research on how companies around the world can improve their access to international capital markets. www.mba.yale.edu.

Attendees

Herbert M. Allison, Jr.
Chairman, President, and CEO
TIAA-CREF
Member, Yale School of Management Advisory board

Roger C. Altman
Chairman
Evercore Partners
Former Deputy Secretary of the Treasury

C. Michael Armstrong
Chairman
AT&T Comcast
Member, Yale School of Management Advisory Board

Richard I. Beattie
Chairman, Executive Committee
Simpson Thacher & Bartlett

Roland Betts
Chairman and Founder
Chelsea Piers, L.P.
Member, Yale Corporation

Kenneth I. Chenault
Chairman and CEO
American Express Company

Jill M. Considine
Chairman and CEO
The Depository Trust & Clearing Corporation

Daniel L. Doctoroff
Deputy Mayor for Economic Development and Rebuilding
City of New York

Alfred A. Edmond, Jr.
Editor-in-Chief
Black Enterprise Magazine

Bill Emmott
Editor-in-Chief
The Economist

Richard S. Fuld Jr.
Chairman and CEO
Lehman Brothers

Ellen Futter
President
American Museum of Natural History
Member, Yale School of Management Advisory Board

Orit Gadiesh
Chairman of the Board
Bain & Company, Inc.

Raymond V. Gilmartin
President, Chairman, and CEO
Merck & Company, Inc.

Vartan Gregorian
President
Carnegie Corporation of New York

Rajat K. Gupta
Managing Director - Worldwide
McKinsey and Company

William B. Harrison, Jr.
Chairman and CEO
J. P. Morgan Chase & Co.

Reed E. Hundt
Senior Advisor, McKinsey and Company, Inc.
Former Chairman, U.S. Federal Communications Commission
Member, Yale School of Management Advisory Board

Nobuyuki Idei
Chairman and CEO
Sony Corporation

Lewis B. Kaden, Esq.
Partner
Davis Polk & Wardwell

J. Robert Kerrey
President
New School University
Former United States Senator

Thomas Krens
Director
Solomon R. Guggenheim Museum
Member, Yale School of Management Advisory Board

Anthony T. Kronman
Dean and Edward J. Phelps Professor of Law
Yale Law School

Arthur Levitt
Senior Advisor
The Carlyle Group
Former Chairman, U.S. Securities and Exchange Commission

Reynold Levy
President
Lincoln Center for the Performing Arts

William J. McDonough
President and CEO, Federal Reserve Bank of New York
Member, Yale School of Management Advisory Board

Ira M. Millstein, Esq.
Senior Partner
Weil, Gotshal & Manges, LLP
Member, Yale School of Management Advisory Board

Rupert Murdoch
Chairman and Chief Executive
The News Corporation Ltd.

Indra K. Nooyi
President and CFO
PepsiCo, Inc.
Member, Yale Corporation

Eugene D. O'Kelly
Chairman and CEO
KPMG LLP

Henry M. Paulson, Jr.
Chairman and CEO
The Goldman Sachs Group, Inc.

Nancy B. Peretsman
Managing Director
Allen & Company LLC

Peter G. Peterson
Chairman
The Blackstone Group
Former Secretary of Commerce

Franklin D. Raines
Chairman and CEO
Fannie Mae
Former Director, Office of Management and Budget

Thomas A. Renyi
Chairman and CEO
The Bank of New York

Felix G. Rohatyn
President
Rohatyn Associates LLC
Former U.S. Ambassador to France

Marshall Rose
Chairman
The Georgetown Company

Stephen Shepard
Editor-in-Chief
Business Week

Hardwick Simmons
Chairman and CEO
The NASDAQ Stock Market, Inc.

Jerry I. Speyer
President & CEO
Tishman Speyer Properties LP

Paul E. Steiger
Managing Editor
The Wall Street Journal

Arthur Sulzberger, Jr.
Chairman and Publisher
The New York Times

John L. Thornton
President and Co-COO
Goldman Sachs & Company
Member, Yale School of Management Advisory Board

Jim Turley
Chairman and CEO
Ernst & Young

Paul A. Volcker
Former Chairman of the Board of Governers of the Federal Reserve

Bruce Wasserstein
CEO
Lazard Freres & Co. LLC

John C. Whitehead
Chairman
Lower Manhattan Development Corporation
Former Deputy Secretary of State

Ernesto Zedillo
Director
Yale Center for the Study of Globalization
Former President of Mexico

Mortimer B. Zuckerman
Chairman
Boston Properties Inc.
Publisher
Daily News

Yale School of Management:

Jeffrey E. Garten
Dean, Yale School of Management
Former U.S. Undersecretary of Commerce

Rick Antle
Senior Associate Dean, Professor of Accounting

William N. Goetzmann
Edwin J. Beinecke Professor of Finance and Management Studies, and Director, International Center for Finance

Douglas W. Rae
Richard S. Ely Professor of Organization and Management and Professor of Political Science

Cécile Ablack
Associate Dean
Yale School of Management