NYCNational2018 Meeting

20-21 Capitalist

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Download the 2018 National Meeting app iOS, ANDROID & GOOGLE PLAY

1. In the app store, search “ Society” and download the app. 2. Click “2018 National Meeting” upon opening the app home screen and enter the password smithsoc18. When it completes the download, you can begin exploring the app! 3. Register a personal account (using the widget at the top of the navigation bar) to further customize your #SmithSoc18 experience. Welcome. This past academic year has been an exciting one for the Adam Smith Society. To date, we’ve hosted nearly 200 events on campuses and in major cities across the U.S. and throughout the world. We launched our first professional chapter in London, and continued our successful trek series—traveling to Montreal to discuss welfare and the future of work, Edinburgh to discuss Adam Smith’s ethics and economics, Laguna Beach to discuss entrepreneurship, and Miami to discuss the future of free trade. We’ve added nearly 2,000 new members to our ranks, nearly 350 of whom are here in this weekend.

And we’re excited about what’s to come. As we are fond of saying at the Manhattan Institute, ideas matter. By joining the Adam Smith Society, you have shown that you care about engaging in serious debate and discussion about ideas—whether by exploring fundamental economic and philosophical texts, discussing articles of interest, or learning more about policies that affect the business climate not just here in the U.S. but around the world. We want to continue to serve as a forum for those conversations while you are in and long after you graduate.

To that end, we are proud to convene meetings like this, where you can learn from business and thought leaders and get to know other intellectual businessmen and women who share your commitment to debate and discussion. Welcome to New York. We hope you enjoy the weekend.

Alison Mangiero Senior Director, Adam Smith Society

3 FRIDAY

All sessions held in the AGENDA Grand Ballroom, unless otherwise noted

5:30 PM Private VIP Reception (by invitation only)

NEW: Featured Member of the Year Award Ceremony

6:30 PM General Registration & Reception GALLERY

7:00 PM Fireside Chat: Inside the National Security Council Michael Anton, White House National Security Council

IN CONVERSATION WITH: Vanessa Mendoza, Executive Vice President, Manhattan Institute

7:45 PM 2018 Principled Leadership Award Ceremony

HONORING: Cliff S. Asness, Founder, Managing Principal, and Chief Investment Officer, AQR Capital Management

PRESENTED BY: Lawrence J. Mone, President, Manhattan Institute

INTERVIEWED BY: James R. Copland, Senior Fellow, Manhattan Institute

8:30 PM Networking Reception SATURDAY

All sessions held in the AGENDA Grand Ballroom, unless otherwise noted

9:00 AM Breakfast EMPIRE BALLROOM

9:45 AM Welcome Marilyn G. Fedak, Vice Chair Emeritus, AllianceBernstein, and Founder, The Marilyn G. Fedak Project

INTRODUCED BY: Alison S. Mangiero, Senior Director, Adam Smith Society

10:00 AM Howard P. Milstein Fellowship Ceremony

PRESENTED BY: Howard P. Milstein, Chairman, President, and Chief Executive Officer of New York Private Bank & Trust

10:15 AM Advice for Up-And-Coming Business Leaders

11:00 AM Clashing over Commerce Douglas A. Irwin, Professor of Economics, , Author, Clashing over Commerce: A History of U.S. Trade Policy

IN CONVERSATION WITH: Mary Anastasia O’Grady, Columnist, Wall Street Journal

11:45 AM Networking & Meetings GALLERY & BREAKOUT ROOMS

12:45 PM Luncheon Keynote Dambisa Moyo, Economist & Author, Edge of Chaos: Why Democracy Is Failing to Deliver Economic Growth and How to Fix It

2:00 PM Networking & Meetings GALLERY & BREAKOUT ROOMS

3:00 PM Debate: Is More than a Bubble and Here to Stay

IN PARTNERSHIP WITH: Intelligence Squared U.S.

4:30 PM BREAK

6:30 PM Closing Cocktail Party & Student Chapter Awards Celebration 230 Fifth Rooftop Garden Bar and Restaurant, 230 5th Avenue, New York, NY 10001

5 BIOS BY SESSION FRIDAY, APRIL 20TH

7:00 PM Fireside Chat: Inside the National Security Council

Michael Anton, using the nom de plume Publius Decius Mus, garnered national attention by urging American conservatives and libertarians to support then-GOP- nominee Donald Trump’s presidential bid in his September 2016 article, “The Flight 93 Election.” He warned readers: “charge the cockpit” or else. Anton most recently served as the director of strategic communications for the White House’s National Security Council. In this role, he advised President Trump and his national security team on matters SPEAKER such as recognizing Jerusalem as the capital of Israel and Michael Anton North Korea’s involvement in the Olympic Games. Anton is White House National a former speechwriter for George W. Bush, Mayor Rudolph Security Council Giuliani, and executives at BlackRock and Citigroup. Anton is also a former Manhattan Institute staffer, and has written for City Journal.

Vanessa Mendoza is the executive vice president of the Manhattan Institute for Policy Research (MI), a domestic public-policy think tank. Mendoza, together with MI president Lawrence J. Mone, works to develop and manage the Institute’s strategic focus and projects. Additionally, she leads the Institute’s next-generation initiatives— including the Institute’s Young Leaders Circle and Adam Smith Society. She has broad oversight of the Institute’s development team. Prior to joining the Manhattan Institute, IN CONVERSATION WITH she worked for the 2004 Republican National Convention, Vanessa Mendoza and for a private-practice attorney. Executive Vice President, Mendoza holds a J.D. from Fordham University School of Law Manhattan Institute and her B.A. from with a concentration in the fields of political science, history, and election law. She serves on the board of Intelligence Squared U.S., on the advisory board of Open the Books, and the publications committee of Manhattan Institute’s magazine, City Journal. She lives in Brooklyn with her husband and two children. 7:45 PM 2018 Principled Leadership Award Ceremony

The Principled Leadership Award honors thoughtful business leaders who understand the centrality of the free market in both our economic system and our civic life.

Cliff S. Asness is a Founder, Managing Principal, and Chief HONOREE Investment Officer at AQR Capital Management. He is an active researcher and an award-winning author on a variety of financial topics for many publications. Prior to cofounding AQR Capital Management, he was a managing director and director of quantitative research for the Asset Management Division of Goldman, Sachs & Co. He is on the editorial board of The Journal of Portfolio Management, the governing board of the Courant Institute of Mathematical Finance at NYU, the board of directors of the Q-Group, and the board of the International Rescue Committee. Asness received a B.S. in economics from the Wharton School and a B.S. in engineering from the Moore School of Electrical Engineering Cliff S. Asness at the University of Pennsylvania, graduating summa cum Founder, Managing laude in both. He received an M.B.A. and a Ph.D. in finance Principal, and Chief from the University of , where he was Eugene Fama’s Investment Officer, AQR student and teaching assistant for two years (so he still feels Capital Management guilty when trying to beat the market).

PRESENTED BY INTERVIEWED BY Lawrence J. Mone James R. Copland President, Senior Fellow, Manhattan Institute Manhattan Institute

Lawrence J. Mone has been president of James R. Copland is a senior fellow at MI and the Manhattan Institute (MI) since 1995. director of legal policy. In those roles, he develops He joined the Institute in 1982, serving and communicates novel, sound ideas on how as a public-policy specialist, program to improve America’s civil- and criminal-justice director, and vice president before being systems. He has testified before Congress named the Institute’s fourth president. He as well as state and municipal legislatures. was a summa cum laude graduate of the Copland has authored many policy briefs, book College of the Holy Cross in Worcester, chapters, articles, and opinion pieces in a variety Massachusetts, and received his master’s of prominent publications and speaks regularly degree in public policy from the University on legal issues for major media outlets. He holds of California at Berkeley. Under Mr. Mone’s a J.D. and an M.B.A. from Yale, an M.Sc. in the leadership, MI has provided free-market politics of the world economy from the London solutions and intellectual leadership on key School of Economics; and a B.A. in economics from policy issues facing America. the University of North Carolina at Chapel Hill. 7 BIOS BY SESSION SATURDAY, APRIL 21ST

9:45 AM Welcome

Marilyn G. Fedak joined Sanford C. Bernstein & Co., Inc. (a predecessor company of AllianceBernstein) in 1984 as a senior portfolio manager. She was chief investment officer for U.S. Large-Cap Value Equities from 1993 to 2009. In 2003, she also became the business head of Bernstein Global Value Equities. In 2009, she was named vice chair of investment services. Ms. Fedak also created and headed the firm’s talent development team and was president of the Sanford C. Bernstein Mutual Funds. She was a partner at SPEAKER AllianceBernstein and served on Sanford C. Bernstein & Co.’s Marilyn G. Fedak board of directors. She is also a Chartered Financial Analyst. Vice Chair Emeritus, Prior to joining Bernstein, Ms. Fedak was a portfolio manager AllianceBernstein and research analyst at Morgan Guaranty Trust Company & Founder, The Marilyn G. (1972–83) and a systems programmer at IBM (1968–70). Fedak Capitalism Project She holds a B.A. from Smith College and an M.B.A. from . Ms. Fedak is the founder of the Marilyn G. Fedak Capitalism Project, which in partnership with the Manhattan Institute, started the Adam Smith Society. She is also a member of the Dean’s Council of the Weill Cornell Medical College.

Alison S. Mangiero is the senior director for the Manhattan Institute’s Adam Smith Society. Since its inception, she has grown the Society from one student group at Harvard to more than 30 chapters and 8,000 members. She is also director of the College of the Holy Cross’s New York City Program, which allows students to spend a semester in New York combining experiential learning with an academic seminar and capstone project. She teaches courses on Leadership Studies and Public Policy for the group. Mangiero was previously an INTRODUCED BY instructor of political science at Holy Cross, and managed Alison S. Mangiero the Manhattan Institute’s higher-education-reform efforts as Senior Director, director of its Center for the American University. Mangiero Adam Smith Society earned a B.A. from the University of Richmond, and an M.A. in political science from College, where she is currently a Ph.D. candidate. She serves on the Executive Board of Advisors for the University of Richmond’s Jepson School of Leadership Studies. 10:00 AM Howard P. Milstein Fellowship Ceremony

Howard P. Milstein is chairman, president and CEO of New York Private Bank & Trust, and he chairs the Milstein family’s real-estate companies. As an entrepreneur and innovator, he leads successful businesses across a range of sectors. Milstein chairs the boards of numerous philanthropies, including the New York Blood Center and the American Skin Association. As chairman of the New York State Thruway Authority, he led the procurement effort for the new Tappan Zee Bridge, now complete, resulting in taxpayers’ savings of PRESENTED BY $2 billion. President Barack Obama hailed the project as “a Howard P. Milstein model for infrastructure projects nationwide.” Chairman, President, and Chief Executive Officer, Milstein has been honored by a wide range of organizations New York Private for leadership in medical research, community and civic Bank & Trust improvement, and homeland security. He was the recipient of the prestigious Marco Polo Award by the Chinese government and received the Insignia of Chevalier in France’s Legion of Honor. Milstein earned a B.A. in economics, summa cum laude, from , where he serves as trustee of both the University and the Medical School, and was honored in 2008 as Cornell’s Entrepreneur of the Year. He earned law and business degrees at Harvard University in the J.D. / M.B.A. Program (1977).

9 BIOS BY SESSION SATURDAY, APRIL 21ST

10:00 AM Howard P. Milstein Fellowship Ceremony

The Howard P. Milstein Fellowship is awarded annually to an MBA student member who writes the best essay on a topic related to the centrality of free markets and the benefits of commerce for a thriving society.

FELLOWSHIP FINALIST Samuel Fisher Marriott School of Management, Brigham Young University

FELLOWSHIP FINALIST Ben Funderburk Fuqua School of Business,

FELLOWSHIP FINALIST Jasper Goldberg Booth School of Business,

FELLOWSHIP FINALIST Colin Latham Booth School of Business, University of Chicago

FELLOWSHIP FINALIST Jonathan Laxmi Stern School of Business, New York University 10:15 AM Advice for Up-And-Coming Business Leaders

11:00 AM Clashing over Commerce

Douglas A. Irwin is the John French Professor of Economics at Dartmouth College. He is author of Clashing over Commerce: A History of U.S. Trade Policy (University of Chicago Press, 2017), Free Trade Under Fire (Princeton University Press, fourth edition 2015), Trade Policy Disaster: Lessons from the 1930s (MIT Press, 2012), Peddling Protectionism: Smoot-Hawley and the Great Depression (Princeton University Press, 2011), The Genesis of the GATT (Cambridge University Press, 2008, coauthored with Petros Mavroidis and Alan Sykes), Against the SPEAKER Tide: An Intellectual History of Free Trade (Princeton University Douglas A. Irwin Press, 1996), and many articles on trade policy in books and Professor of Economics, professional journals. He is a Research Associate of the Dartmouth College National Bureau of Economic Research and has also served on Author, Clashing over the staff of the President’s Council of Economic Advisers and the Commerce: A History Board of Governors of the Federal Reserve System. of U.S. Trade Policy

Mary Anastasia O’Grady writes “The Americas,” a weekly column on politics, economics, and business in Latin America and Canada that appears in the Wall Street Journal. O’Grady joined the paper in August 1995 and became a senior editorial page writer in December 1999. She was appointed an editorial board member in November 2005. She is also a member of the board of directors of the Indianapolis-based Liberty Fund. In 2012, O’Grady won the Walter Judd Freedom Award from IN CONVERSATION WITH The Fund for American Studies. In 2009, O’Grady received Mary Anastasia O’Grady the Thomas Jefferson Award from the Association of Private Columnist & Editorial Enterprise Education. In 2005, O’Grady won the Bastiat Prize Board Member, for Journalism awarded by the International Policy Network Wall Street Journal for her articles on the World Bank, the underground economy in Brazil, and the bad economic advice the U.S. often gives to Latin American countries. In 1997, O’Grady won the Inter American Press Association’s Daily Gleaner Award for editorial commentary. O’Grady received a BA from Assumption College and an M.B.A. from Pace University.

11 BIOS BY SESSION SATURDAY, APRIL 21ST

11:45 AM Networking & Meetings

Information on meeting participants can be found on page 16.

12:45 PM Luncheon Keynote

Dambisa Moyo is a prize-winning economist. The author of New York Times bestsellers Winner Take All and Dead Aid, she was named one of the “100 Most Influential People in the World” by Time magazine. Moyo is a regular contributor to the Wall Street Journal and Financial Times. She lives in New York City.

SPEAKER Dambisa Moyo Economist & Author, Edge of Chaos: Why Democracy Is Failing to Deliver Economic Growth and How to Fix It

2:00 PM Networking & Meetings

Information on meeting participants can be found on page 16. 3:00 PM Featured Debate in Partnership with Intelligence Squared U.S.

Robert Rosenkranz is CEO of Delphi Financial Group, an insurance company with roughly $10 billion in assets, and the founder of a group of investment and private equity partnerships. He serves on the board of directors for the Manhattan Institute and the Lincoln Center Film Society in New York and of London’s Policy Exchange. He is also a member of the Yale School of Architecture Dean’s Council, the Council on Foreign Relations and of the Visiting Committee for the Department of Photography at The SPECIAL GUEST Metropolitan Museum of Art. A graduate of Robert Rosenkranz (A.B. summa cum laude 1962) and Harvard Law School (J.D. Chairman, Intelligence 1965), he was a tax lawyer with the New York law firm of Squared U.S.& CEO, Cahill, Gordon & Reindel and an economist with the RAND Delphi Financial Group Corporation. In 1969, he joined Oppenheimer & Company where he was a General Partner when he left to form Rosenkranz & Company, a private equity firm, in 1978. Rosenkranz established The Rosenkranz Foundation in 1985. Its focus is on public policy research, higher education, and the arts. It has initiated the Intelligence Squared U.S. (IQ2US) series of debates in the United States.

John Donvan is an author and correspondent for ABC News and the moderator of Intelligence Squared U.S. debates since 2008. He has served as ABC’s White House Correspondent, along with postings in Moscow, London, Jerusalem, and Amman. John is the coauthor of In a Different Key: The Story of Autism (Crown, 2016). In addition to premiering his first one-man show, “Lose the Kid,” in 2013 in Washington, D.C., John is a four-time Emmy Award winner and was a National Magazine Award finalist in 2010 IN CONVERSATION WITH John Donvan Host and Moderator, Intelligence Squared U.S.

13 SPECIAL EVENT SATURDAY, APRIL 21ST

3:00 PM Featured Debate in Partnership with Intelligence Squared U.S.

Join the Debate on Twitter @IQ2US @SmithSoc #IQ2USLive #SmithSoc18

The Motion: Bitcoin Is More than a Bubble and Here to Stay Is Bitcoin here to stay, or is it a bubble waiting to pop? Less than a decade old, Bitcoin is worth billions. The promises to revolutionize global finance by placing control of currency in the hands of users, not nations, and make financial exchanges more transparent, efficient, and democratic. And it seems to be taking hold: Earlier this year, both the Cboe and CME debuted Bitcoin futures. But is Bitcoin really a safe bet? Proponents say the hype around the cryptocurrency is warranted, and previous critics—including executives at J.P. Morgan and Goldman Sachs—are increasingly jumping on the Bitcoin (block)train. On the other hand, skeptics suggest that this highly volatile digital currency offers a platform for illicit activity, including money laundering and trafficking of humans and drugs, free from government oversight and regulation. And, they argue, Bitcoin has no intrinsic value—the price is based on market enthusiasm rather than actual utility. This debate is presented in partnership with Adam Smith Society’s 2018 National Meeting and is moderated by John Donvan.

Cast your vote at IQ2US.org/VOTE • Open any web browser on your mobile device (Safari, Chrome, Firefox, etc). • Type the URL iq2us.org/vote into the address bar. • Follow the on-screen prompts to complete the pre-debate voting process on your mobile device. Tap FOR / AGAINST / UNDECIDED to place your vote. *Now remember to silence your mobile device. Enjoy the debate! • Return to iq2us.org/vote to cast your post-debate vote. If you aren’t prompted to enter your post-debate vote, just refresh the page. FOR THE MOTION

Tim Draper Venture Capitalist & Founder, Draper Associates & DFJ is a venture capital investor and founder of Draper Associates and Draper Fisher Jurvetson. His original suggestion to use “viral marketing” in e-mail to geometrically spread an Internet product to its market was instrumental to the successes of Hotmail, Skype, and Yahoo Mail. It has since been adopted as a standard marketing technique by hundreds of businesses. Draper has been recognized as a leader in his field through numerous awards and honors. He has been ranked 46th on the list of the 100 most influential Harvard alumni and @TimDraper 7th on the Forbes Midas List.

Patrick Byrne Founder, Overstock.com & CEO, tZero Patrick Byrne is CEO and cofounder of the Internet retail company Overstock.com and is CEO of tZero, an ICO training platform he founded. Under his leadership, Overstock.com became the first business with more than $1 million in revenue to accept bitcoin as a payment method. Later, Byrne created Medici Ventures, a subsidiary within Overstock.com devoted to advancing blockchain-based technology solutions. In 2015, he used Medici’s t0.com securities trading platform to become the first person to purchase a digital bond @OverstockCEO entirely on the bitcoin blockchain.

AGAINST THE MOTION

Gillian Tett U.S. Managing Editor, Financial Times

Gillian Tett is an award-winning journalist, bestselling author, and the U.S. managing editor of the Financial Times, where she oversees global coverage of the financial markets. She is the author ofFool’s Gold and Saving the Sun: A Wall Street Gamble to Rescue Japan from Its Trillion- Dollar Meltdown. Her latest book, The Silo Effect, published in 2015, looks at the global economy and financial system through the lens of cultural anthropology. Tett was named Columnist of the Year by the @GillianTett British press in 2014.

Eric Posner Law Professor, University of Chicago Eric Posner is a legal scholar and frequent media commentator, having written op-eds and columns for a number of national publications, including the Wall Street Journal and Slate. He is currently the Kirkland and Ellis Distinguished Service Professor of Law at the University of Chicago. Posner is the author of several books, including Radical Markets: Uprooting Capitalism and Democracy for a Just Society, which will be published in May. He is a fellow of the American Academy of Arts @UChicagoLaw and Sciences and a member of the American Law Institute.

About Intelligence Squared U.S. A nonpartisan, nonprofit organization, Intelligence Squared U.S. was founded in 2006 to address a fundamental problem in America: the extreme polarization of our nation and our politics. Its mission is to restore critical thinking, facts, reason, and civility to American public discourse. The award- winning debate series reaches more than 30 million American households through multi-platform distribution, including radio, television, live streaming, podcasts, interactive digital content, and on- demand apps on Roku and Apple TV. 15

. MEETING PARTICIPANTS SATURDAY, APRIL 21ST

David Bednar is a Managing Director within the origination team at Ladder Capital. Mr. Bednar focuses on bridge, participating and special situations first mortgage lending as well as selected loan acquisition, mezzanine and equity transactions. Mr. Bednar is a 17-year real estate lending and investing veteran with global expertise spanning the capital structure from equity to first mortgage lending and closed transactions in six countries. Prior to joining Ladder Capital, David Bednar Mr. Bednar ran the New York office of JPMorgan Real Estate Special Situations, a proprietary lending and investing group. Managing Director, Mr. Bednar worked at Goldman, Sachs and Co. in the Global Ladder Capital Special Situations Group in New York and after running the non-Japan Asia business for Morgan Stanley Real Estate from Hong Kong. Mr. Bednar received a B.A. and M.B.A. from Harvard University and served for four years in the United States Marine Corps.

Sally Eddy Bednar joined Wells Fargo in 2012 and has 20 years of banking experience, in both the higher education and healthcare sectors. Sally currently serves as head of Wells Fargo Securities’ Higher Education and co-head of Education & Nonprofit Group, and as senior banker on over $25 billion of higher education institutions’ debt issuance for public and private institutions nationwide. Sally’s not-for- profit experience includes bond issues for Lincoln Center for Sally Eddy Bednar the Performing Arts, the Metropolitan Museum of Art and The Whitney Museum of American Art among others. Prior Head of Education and to joining Wells Fargo, Sally worked for 18 years at Morgan Nonprofit, Stanley in their San Francisco, New York and Hong Kong Wells Fargo Securities GIB, offices. Sally earned a bachelor’s degree from the University Public Finance of California, Santa Barbara and an M.B.A. from New York University. She resides in New York City with her husband and their four children. Sally maintains a California C.P.A. and Series 7, 24, 53 and 63 securities registrations. Nicholas Carr is a bestselling writer on technology and culture. He is the author of The Shallows: What the Internet Is Doing to Our Brains, a Pulitzer Prize finalist, as well as other influential books such as The Glass Cage: Automation and Us and The Big Switch: Rewiring the World, from Edison to Google. He has been a contributor to the Wall Street Journal, New York Times, The Atlantic, Wired, and other periodicals. He was formerly executive editor of the Harvard Business Review and a principal at a Nicholas Carr management consulting firm. He holds a B.A. from Dartmouth College and an M.A. from Harvard University. Author, Utopia Is Creepy and Other Provocations

David Goldhill is the author of Catastrophic Care: Why Everything We Think We Know About Health Care Is Wrong (Knopf, January 2013) and regularly speaks on health-care topics. He is a member of the board of directors of the Leapfrog Group, an employer-sponsored organization dedicated to hospital safety and transparency. From 2007 through 2017, Goldhill was president and CEO of GSN. Prior to that, he was chairman and CEO of Independent David Goldhill Network Holdings, Ltd. (INTH). He also served as president Author, Catastrophic Care: and COO of Universal Television Group, a division of Universal Why Everything We Think Studios. Goldhill was also the CFO of Act III Communications. We Know About Health He began his career as an investment banker with Morgan Care Is Wrong Stanley and Lehman Brothers. Goldhill holds a B.A. degree in history from Harvard University and an M.A. in history from New York University.

17 MEETING PARTICIPANTS SATURDAY, APRIL 21ST

Jared Lindzon is a freelance journalist and speaker based in Toronto, writing about technology, entrepreneurship, politics, and the future of work. His writing is regularly featured in major publications in Canada, the United States, and around the world, including Fast Company, Fortune, Rolling Stone, Politico, The Guardian, The Globe & Mail, and more.

Jared Lindzon Freelance Journalist

Ed “Skip” McLaughlin is the founder of four businesses and is currently running Blue Sunsets LLC, a real estate and angel investment firm. He bootstrapped his first business, United Systems Integrators (USI) Corporation, a corporate real estate outsourcing firm, into an Inc. 500 company. In 2001, Ed earned Entrepreneur of the Year honors from Ernst & Young. In 2005, he sold USI to Johnson Controls, a Fortune 100 company, and at that point, became CEO of JCI’s Global Ed “Skip” McLaughlin Workplace Business for the Americas. A member of the Board of Governors for Tufts Medical Center, Ed founded its Investor & Author, David E. Wazer Breast Cancer Research Fund. He graduated The Purpose is Profit from the College of the Holy Cross, where he is a member of the Board of Trustees. Active in philanthropy, Ed lives with his wife in Connecticut and has three adult children. Daniel Mangiero is a managing director at Och-Ziff Capital Management, where he manages global operations for all Och-Ziff hedge funds and is a senior member of the working group that focuses on strategic infrastructure initiatives across all business units. Mangiero began as an associate with Och-Ziff in 2006, advancing to Financial Controls Manager and Assistant Controller before holding his current position since February 2013. Prior to Och-Ziff, he was the Daniel Mangiero Equity Derivatives Account Manager with Goldman, Sachs & Co. He holds an undergraduate degree from University Managing Director, Och-Ziff Capital of Richmond and an M.B.A. / M.S. in finance from Wagner Management College.

Judith Miller is an adjunct fellow at the Manhattan Institute, a City Journal contributing editor, a bestselling author, and a Pulitzer Prize–winning investigative reporter formerly with the New York Times. In 2002, Miller was part of a small team that won a Pulitzer Prize for explanatory journalism for her January 2001 series on Osama bin Laden and Al Qaeda. That same year, she won an Emmy for her work on a Nova/ New York Times documentary. Miller was part of the Times Judith Miller team that won the DuPont Award for a series of programs on terrorism for PBS’s Frontline. Before leaving the Times in Adjunct Fellow, Manhattan Institute; 2005, she spent 85 days in jail to defend a reporter’s right to Contributing Editor, protect confidential sources. City Journal Since 2008, Miller has been a foreign policy and national security commentator for Fox News. She is the author of One, by One, by One (1990), Saddam Hussein and the Crisis in the Gulf (1990), God Has Ninety-Nine Names (1996), and The Story: A Reporter’s Journey (2015). Miller is coauthor of Germs: Biological Weapons and America’s Secret War (2001). Miller holds a B.A. from Barnard College and a master’s from Princeton University’s Woodrow Wilson School of Public and International Affairs.

19 MEETING PARTICIPANTS SATURDAY, APRIL 21ST

Mark Mills is a senior fellow at the Manhattan Institute, CEO of the Digital Power Group (a tech-centric capital advisory group), faculty fellow at Northwestern’s McCormick School of Engineering and Applied Science, and an advisory board member of Notre Dame University’s Reilly Center for Science, Technology, and Values. Previously, he cofounded and was chief tech strategist of Digital Power Capital and was chairman and CTO of ICx Technologies. Mills is a contributor to Forbes.com and coauthor of The Bottomless Well: The Twilight of Fuel, Mark P. Mills the Virtue of Waste, and Why We Will Never Run Out of Energy Senior Fellow, Manhattan Institute; CEO, Digital (2005). Mills served in the White House Science Office under Power Group President Reagan. Early in his career, Mills was an experimental physicist and development engineer at Bell Northern Research (Canada’s Bell Labs]. He holds a degree in physics from Queen’s University in Ontario, Canada.

Nico Perrino is director of communications for the Foundation for Individual Rights in Education (FIRE), a nonpartisan organization devoted to defending and sustaining civil liberties in higher education. He is also the host of “So to Speak: The Free Speech Podcast.” His writing has been featured in Politico, USA Today, and The Guardian, and he regularly travels the country to speak with students about their free-speech rights. Perrino lives and works in New York City. Nico Perrino Director of Communications, Foundation for Individual Rights in Education (FIRE) Daniel Shuchman is portfolio manager of MSD Partners’ Torchlight Partners. He joined MSD Capital in 2002 to establish and manage the predecessor of Torchlight Partners. Shuchman became a partner of MSD in 2008. From 1994 to 2001, he was a principal of Gotham Partners, and from 1988 to 1994, he worked in various departments at Goldman, Sachs & Co., including Equity Research, Mergers & Acquisitions, and the Strategic Development Group. Prior to that, he worked at the Manhattan Daniel Shuchman Institute, a nonprofit public policy organization. Portfolio Manager, Shuchman holds a B.A. from the University of Pennsylvania, MSD Partners’ Torchlight where he studied history and philosophy. He has written for Partners Forbes, the Wall Street Journal, Reason, Commentary, Survival (the journal of the International Institute for Strategic Studies), ITAL Publications, and the Harvard Journal of Law and Public Policy. Shuchman is chairman of the Foundation for Individual Rights in Education (FIRE) and cofounder of new nonprofit, Let Grow.

James Taranto edits the Wall Street Journal’s op-ed pages. Until January 2017 he wrote the popular Best of the Web column for WSJ.com. In August 2007 he was named a member of the Journal’s editorial board. From 2000 through 2008, his column appeared at OpinionJournal.com, of which he was editor. He previously served as the Journal’s deputy editorial features editor. He joined the Journal in 1996 as an assistant editorial features James Taranto editor after spending five years as an editor atCity Journal, Editorial Features Editor, the Manhattan Institute’s quarterly of urban public policy. He Wall Street Journal has also worked for the Heritage Foundation, United Press International, Reason magazine, and KNX News Radio in Los Angeles. He is coeditor of Presidential Leadership: Rating the Best and the Worst in the White House (Wall Street Journal Books, 2004). He attended California State University, Northridge.

21 BEST NEW CHAPTER NOMINEES

CHAPTER PRESIDENT: Janise Marvin CHAPTER LEADERS: Andrew Donsbach Courtney Harris Chris Seifert Garrett Seitz Austin Lewis Forrest Blackmon

CHAPTER PRESIDENT: Josh Hendryx CHAPTER LEADERS: Danny Meecham Alison Murphy Whitney Royal

CHAPTER PRESIDENT: Laura Miller CHAPTER LEADERS: Taylor Brownstein Alex Lovell Michael O’Brien CHAPTER OF THE YEAR NOMINEES

CHAPTER PRESIDENT: Garrett Pearl CHAPTER LEADERS: Andrew Hauser Michael Hue Bo Jones Jon-Michael McCartney Greg Nebergall Ali Saleh Courtney Stokes

CHAPTER CO-PRESIDENTS: Abhishek Lohia Keshav Nair CHAPTER LEADERS: Kai-Hsin Wang Diven Sharma Alesia Siuchykava Lorena Dominguez David Le Coroller

CHAPTER PRESIDENT: Raoul Kouamou CHAPTER LEADERS: Pierce Babirak Morgan Diamant Kathryn Gaffin Nick Grasberger Alex Koes Dan Nickerson Arvind Rachamadugu Isaac Tipton 23 SPECIAL RECOGNITION: COMEBACK CHAPTER AWARD

CHAPTER CO-PRESIDENTS: Emmanuel Martin-Blondet Tanu Sinha

CHAPTER LEADERS: Yajur Taxali Curtis Ting

FEATURED MEMBER OF THE YEAR AWARD NOMINEES

FINALIST Matthew Cooke London Professional Chapter & Stanford Chapter ‘17

FINALIST Daniel David Comparetto Indiana Kelley Chapter ‘18

FINALIST Maxim Doubenski MIT Sloan Chapter ‘18

FINALIST Tanya Hoke Boston Professional Chapter May 30 – June 1, 2018 | Marriott New Orleans

With 40 years of experience covering entrepreneurship and educating and empowering entrepreneurs, Inc. understands what business builders need and what will make them more effective. That’s why we created the Inc. Grow Your Company Conference (GrowCo), a three- day event that brings together entrepreneurs like you, hungry for the advice, proven strategies, and necessary connections to grow a business. Motivating keynotes and educational breakouts will leave you inspired in so many ways —and with shortcuts and insights to take your business further than you ever imagined.

The Adam Smith Society is excited to offer representatives of our award-winning chapters an all-expenses paid trip to GrowCo.

GROWCO IS OFFERING ANY OTHER INTERESTED MEMBERS A DISCOUNTED TICKET RATE USING CODE “MBA” AT GROWCO.INC.COM 25 Student Chapters Baylor (Hankamer) Berkeley (Haas) Brandeis BYU (Marriott) Carnegie Mellon (Tepper) Chicago (Booth) Colorado Springs Columbia Cornell (Johnson) Dartmouth (Tuck) Duke (Fuqua) Georgetown (McDonough) Harvard Hebrew University of Jerusalem (Rothberg) Indiana (Kelley) MIT (Sloan) Michigan (Ross) NYU (Stern) Northwestern (Kellogg) Penn (Wharton) Rice (Jones) Stanford Professional SMU (Cox) Texas (McCombs) Chapters UCLA (Anderson) Austin UNC (Kenan-Flagler) of Colorado-Boulder (Leeds) Chicago USC (Marshall) Vanderbilt (Owen) Virginia (Darden) London Washington Univ. in St. Louis (Olin) New York City Yale San Francisco 32 8 student professional chapters chapters

Professional Chapters

27 Paid Membership “ ‘capitalism isagoodthing.” students willbeable to say, school, andfinally business school Society willbeinevery business In thenext 40years, theAdamSmith JOHN STOSSEL| DISTINGUISHEDNEWSMAN

The Adam Smith trek was the “ first time in years that I set aside several days for intellectual engagement on a single, challenging topic. That kind of focused time, shared with other thoughtful colleagues, is hard to come by in an MBA program or professional life.” Tanya Hoke | Boston

Membership Perks

• Invitations to national and local events •  Opportunities to network with a community of exceptional business students and professionals •  Interactions with groundbreaking thought leaders in the free-market movement •  Access to exclusive policy commentary and analysis •  Ability to apply to highly selective, destination-based treks, retreats, and competitions

Adam Smith Society’s events “ are distinct in that they pair world-class business and thought leaders with interested and enthusiastic members in an intimate and casual atmosphere.” Sean Supon | Austin 29 ABOUT US

MANHATTAN INSTITUTE’S EIGHTEENTH ANNUAL

The Adam Smith Society is an expansive, chapter-based association of MBA students and business leaders who work to promote discussion about the moral, social, and economic benefits of capitalism.

The Society is sponsored by the Manhattan Institute, one of the nation’s preeminent public-policy think tanks.

Working with MBA student leaders, the Adam Smith Society helps coordinate on-campus events that give MBA students access to prominent business leaders, academics, journalists, and public officials. Speakers discuss their experiences and offer insights about the connections between successful businesses, the maintenance of our nation’s free institutions, and a robust civil society. The Adam Smith Society also convenes national and regional events for student members and alumni and is growing an active Professional Network with regional chapters around the country. MAY 2, 2018

At the Manhattan Institute, we work every day to shape public thinking and help pave the way for policies that enable free enterprise—and the economic and societal benefits that it unleashes. We believe that entrepreneurship, opportunity, and commerce are at the core of a vibrant and prosperous country. Few constituencies are better positioned to influence the future of capitalism than our next generation of business leaders. Through their professional example, philanthropy, and public voice, these future leaders will be a transformative network in shaping the climate of opinion about free enterprise, which is at the heart of MI’s legacy. MANHATTAN INSTITUTE’S EIGHTEENTH ANNUAL

AWARD DINNER

HONORING Stanley F. Druckenmiller Chairman and CEO, Duquesne Family Office LLC

AND The Honorable Nikki Haley United States Ambassador to the United Nations MAY 2, 2018

The Manhattan Institute’s Alexander Hamilton Award was created to honor those individuals helping to foster the revitalization of our nation’s cities. Throughout the years, MI has expanded the scope of the prize to celebrate leaders not just on local levels, but also at the state levels, who have—whether it be public policy, culture, or philanthropy—made remarkable things happen in their home state or city.

The Eighteenth Annual Alexander Hamilton Award Dinner will take place on Wednesday, May 2, honoring Stanley F. Druckenmiller, chairman and CEO, Duquesne Family Office, and Ambassador Nikki Haley, United States Ambassador to the United Nations. This year, runners-up for Adam Smith Society chapter awards will receive the opportunity to attend the Alexander Hamilton Award Dinner free of charge. SMITH SOC

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