Nation's CEOs Gather at Yale CEO Summit to Address Leadership Choices and to Honor Terry Semel, Chairman & CEO of Yahoo!

New Haven, Conn., June 8, 2005—As Wall Street bulls and bears debate whether CEO actions are a good indicator of the direction of our uncertain economy, 100 world-renowned chief executives, policy makers, and academics will gather at the 51st CEO Summit of The Chief Executive Leadership Institute of the Yale School of Management to discuss their own leadership choices. The conference, entitled "Is Sustainable High Performance Really a Myth?” will be the inaugural event at the new World Headquarters of Bloomberg LP in New York City June 9 and 10, 2005. Conference sponsors include: UPS, Accenture, ArcaEx, Bloomberg News, RHR International, and Russell Reynolds Associates.

Jeffrey Sonnenfeld, Associate Dean of the Yale School of Management and conference organizer, said, “As the big bravado of the quick deal maker has passed, global business leaders are concerned about how their leadership style and enterprise-wide systems can ensure sustainable profitability, creativity and integrity. This event will feature candid learnings on the hottest issues of the day and classic wisdom to get past platitudes and checklists.”

This invitation-only leaders' conference features lively, off-the-record, candid discussions with distinguished leaders. Session highlights include:

• Rival SEC commissioners Cynthia Glassman and Harvey Goldschmid will discuss SEC leadership succession and its changing mission along with Congressman Chris Shays;
• Leaders of Goldman Sachs and Archipelago will face off with their current adversary, maverick investor Ken Langone;
• The CEOs or chairmen of Martha Stewart, HealthSouth and Toys “R” Us will explain their new directions to overcome recent high profile challenges;
• CEOs of St. Paul Travelers, Yellow Roadway, Medco, Invesco and Universal Health will talk about how they have transformed their enterprises despite the impact of risk in the economy;
• PBS chief Pat Mitchell will answer critics who charge a liberal bias in her broadcasts;
• Starwood Hotels CEO Steve Heyer will detail the just-announced plans for a new 500-hotel chain, while CEOs from Accenture to Scotts to Sesame Street will show how they have kept invention alive as they’ve grown;
• Private equity wizards Steve Schwarzman of Blackstone and Steve Berger of Odyssey will reveal the logic behind their latest targets of opportunity;
• CEOs of non-profits such as The American Red Cross, CARE, United Negro College Fund and Volunteers of America will show how they have maintained high performance in difficult contexts;
• Dominant Career Education shareholder Steve Bostic will offer his current proxy battle with management as a live case study.