Evolutions in FINANCE
21st Century Program 2004 For Executives Concerned About the Financial Health of the Organization
March - November, 2004 (7-Dinner Sessions)
If your interested in one of the two remaining programs please call our offices at 612-624-2545
The 21st Century Program 2004 consists of seven exclusive development and networking opportunities that will enhance the leadership, knowledge, and skills of senior executives. Speakers are recognized experts directly involved with finance. Programs begin at 4:30 p.m. with a presentation by the speaker, followed by dinner, and conclude with a question/answer session.
The CFO and executives concerned about the financial health of the organization need to strategically identify and implement levers that will lead to the greatest results. If the principal goal of corporate management is to deliver shareholder return, these executives play a critical role in reaching this goal-as experts, advisors, and leaders. This program focuses on key strategies and tactics that leading CFO and financial experts are utilizing to maximize shareholder return. Seven top-eschelon financial executives will address capital management, finance transformation, earnings growth, value development, integrity, and perspectives of shareholder value from both within the firm and from Wall Street.
Schedule (Click on the presenters topic for further session information or click on the presenters name for a short biography)
March 16, 2004
Wall Street's View Paul P. Karos
Top-Ranked Research Analyst &
Former President
U.S. Bancorp Piper Jaffray
Equity Capital Markets
Location of each session Carlson Executive Development Center
Carlson School of Management
University of Minnesota
Evolutions in FINANCE
21st Century Program 2004 Schedule of Speakers
Wall Street's View March 16, 2004
Executives need to understand how Wall Street views their company and what they can do to influence this critical assessment. During his storied career, Paul Karos has appeared on “Wall Street Week” with Louis Rukeyser, and was featured in The New York Time s and several other media outlets, sharing his insightful business analysis. Karos will talk about how analysts and portfolio managers examine companies and industries: what executives should know about both financial and strategic attributes; what factors affect a stock's valuation on a long-term basis; how to be objective about your strategic and financial position within your industry; and the importance of consistent and relevant communication with the Street.
Finance Transformation April 13, 2004
The role of a finance executive has never been more important or more broadly defined. The CFO and finance area have a responsibility to partner with operating managers to continually improve the entire corporation’s efficiency and effectiveness. Finance transformation is the endless journey to identify and integrate best practices for decision support, planning processes, shared services, business process outsourcing, and more. Different than strategy, finance transformation focuses the finance function on meeting ever-changing challenges. Martyn Redgrave will discuss the journey that he and his colleagues at Carlson Companies are on to pursue excellence through finance transformation.
Capital Management May 18, 2004
David Moffett, a leading figure in the financial industry, will address several questions that challenge executives. What do stock prices tell us about earnings growth rates? Are valuations driven by sustainable profitability or earnings growth? What's the value-added from increasing the total distribution to shareholders? What are the advantages and disadvantages between buying back stock and increasing the dividend payout? What are the implications of emerging tax legislation? How does the company analyze the repurchase of stock from a shareholder perspective and what are the impacts?
Extracting Full Value June 15, 2004
Serving as the Secretary of the U. S. Treasury and drawing on his experience as the Chairman and CEO of Alcoa, and President of International Paper Company, Paul O'Neill developed keen insights about extracting full value from the organization's resources. He is very interested in systems thinking, cost containment, and every aspect of quality. O'Neill also believes there is an enormous opportunity for companies to increase the value equation of every part of their enterprise.
Earnings Growth September 14, 2004
Executives need strategic and tactical ideas that create sustainable growth, particularly in a slow economic environment. Patrick Campbell will explore the categories of new products, pricing, mergers and acquisitions, and cost containment. Drawing on his earnings growth experiences at 3M and General Motors, he will discuss strategies and tactics that lead to sustainable growth.
Integrity: Restoring Confidence October 13, 2004
High profile scandals in recent years have undermined the confidence of investors and other important stakeholders in the integrity of corporate behavior. Companies have an opportunity to distinguish themselves through thoughtful responses to these ethical matters. Robert Lumpkins will reflect on these issues and the vital role of the CFO in restoring confidence in corporate leadership-both within their organizations and within the system as a whole.
Shareholder Value November 16, 2004
The principal goal of corporate management is to deliver shareholder return. All critical business decisions today connect to shareholder value: it drives the agenda for every CEO, CFO, and corporate strategist. Executives need to balance expectations and the creation of shareholder value. James Lawrence will speak about General Mills' views regarding shareholder return, the process appropriate to measuring shareholder return, and General Mills' own results.
Evolutions in FINANCE
21st Century Program 2004 Program Presenters
PATRICK D. CAMPBELL has been Senior Vice President and Chief Financial Officer of 3M since February 1, 2002. Prior to joining 3M, Campbell had been with General Motors for 25 years, serving in various capacities, including nine years located in Europe. During his 25 years at General Motors, Campbell was CFO for GM's International Operations, CFO for European Operations, head of GM's Investor Relations and Worldwide Benchmarking, and Finance Director of GM North American Vehicle Sales, Services and Marketing Operations, as well as Portfolio Management.
PAUL P. KAROS, former President of Equity Capital Markets at U.S. Bancorp Piper Jaffray, was responsible for Equity Research, Investment Banking, Capital Markets, and Institutional Sales and Trading. Prior to joining the firm's Institutional Sales department as director in 1996, Karos was a research analyst and a senior partner of C.S. First Boston in New York. Karos was an Institutional Investor All-American airline analyst from 1989 to 1995. From 1992 to 1995, he was voted the No. 1 airline analyst by Institutional Investor. He was also voted the No. 1 airline analyst on Wall Street from 1991 to 1995 by the Greenwich Survey. Karos' career and life were featured in The New York Times in December 1997, in the St. Paul Pioneer Press in November 1998, and on KSTP-TV, an ABC affiliate, in January 1999. He received a 40 Under 40 award from City Business in May 1999. Karos has appeared on Wall Street Week with Louis Rukeyser and is frequently quoted in national print and broadcast media. He graduated with a B.S. in finance from the University of Minnesota.
JAMES A. LAWRENCE joined General Mills in October of 1998 as Executive Vice President and currently has responsibility for General Mills International Division as well as its Finance Function as CFO. Prior to joining General Mills, Lawrence held positions as Executive Vice President of Northwest Airlines and President and CEO of Pepsi-Cola Asia, Middle East, Africa. He was Co-founder and Chairman of The LEK Partnership, a consulting firm headquartered in London. Previously, he was a Partner of Bain and Company and headed their London and Munich offices. Lawrence serves on the boards of The St. Paul Companies and Avnet, Inc. He serves on The Board of Overseers of The Carlson School of Management at the University of Minnesota and the Board of the University of Minnesota Foundation. He is also a Board Member of the Minnesota International Center and the Ordway Theatre. Lawrence holds a bachelor of arts degree in economics from Yale University, and an MBA with distinction from Harvard Business School.
ROBERT L. LUMPKINS is Vice Chairman and Chief Financial Officer of Cargill Incorporated. Mr. Lumpkins joined Cargill in 1968, and held a succession of financial and line management assignments. He was elected Chief Financial Officer in 1989, a Cargill Board member in 1991, and Vice Chairman in 1995. Lumpkins serves on the Executive, Finance and ESOP Administrative Committees of the Board. He is a member of the Corporate Leadership Team, serves as Chairman of the Financial Risk Committee and Business Conduct Committee, and is a member of other leadership team committees. He serves as a Director of Cargill, Ecolab, Inc. and WhereNet. He also serves on the non-profit boards of Howard University and TechnoServe, Inc.; and on the Notre Dame Science Advisory Council and the Stanford Business School Advisory Council. A native of Lawrenceburg, Tennessee, Lumpkins holds a B.S. degree in mathematics from the University of Notre Dame (1966) and a MBA from the Stanford Graduate School of Business (1968).
DAVID M. MOFFETT is Vice Chairman and Chief Financial Officer of the new U.S. Bancorp, formed by the 2001 merger of Firstar Corporation and U.S. Bancorp. He is responsible for Mergers and Acquisitions, Corporate Real Estate, Corporate Accounting and Reporting, Investor Relations, Purchasing, Media Relations, Management Reporting, Tax, Venture Capital, Treasury, Tax Credit Investments, Insurance, and Strategic Planning. He is chairman of the Asset Liability Policy Committee. He is a board member of U.S. Bank, N.A., and several subsidiary companies. Previously, Moffett was Vice Chairman and Chief Financial Officer of Firstar Corporation and its lead bank, Firstar Bank, N.A. Moffett also held positions with BankAmerica Corporation, San Francisco, and Los Angeles-based Security Pacific Corporation. He is a member of the Financial Services Roundtable. Moffett holds a Bachelor's Degree in Economics from the University of Oklahoma and a Master's Degree in Business Administration from Southern Methodist University.
PAUL H. O'NEILL was sworn in as the 72nd Secretary of the U.S. Treasury on January 20, 2001. O'Neill was chairman and CEO of Alcoa from 1987 to 1999, and retired as chairman at the end of 2000. Prior to joining Alcoa, O'Neill was President of International Paper Company. His unique experience transforming an old economy firm into a new economy success has been chronicled as a study by the Harvard Business School. O'Neill has gained valuable insights into international finance and the global economy as head of a major corporation with 140,000 employees spread across 36 nations. O'Neill's mastery of federal budget details and process stems from his tenure at the U.S. Office of Management and Budget. He joined OMB in 1967, and was Deputy Director of OMB from 1974 to 1977. He began his public service as a computer systems analyst with the U.S. Veterans Administration. He received a bachelor's degree in Economics from Fresno State College in California, and a master's degree in Public Administration from Indiana University.
MARTYN R. REDGRAVE joined Carlson Companies, Inc. in February of 1994 as Executive Vice President and Chief Financial Officer. Prior to joining Carlson Companies, Inc., Redgrave was with PepsiCo for over 14 years in a variety of executive financial and operational positions for their subsidiaries (Pizza Hut, Kentucky Fried Chicken and Taco Bell) and corporate offices. Most recently he was the Senior Vice President of Finance and Worldwide Chief Financial Officer for Kentucky Fried Chicken Corporation. Prior to that Redgrave was employed by Arthur Andersen and Company for six years. Redgrave has been an active volunteer with the United Way over the past 20 years and has held a variety of board, committee and campaign positions within different communities. He also serves on the Board of Directors of Deluxe Corporation. Redgrave has a Bachelor of Arts in Economics from Princeton University and a Masters of Business Administration degree in Finance from New York University Stern School of Business. He is also a CPA.
Cancellation/Substitution Policy
We understand that circumstances may arise that will necessitate the cancellation of a program registration. If a registrant must cancel out of a program, the following policies will apply:
Prior to the program start date, a registrant may send a substitute participant from the same organization at no additional cost.
Cancellation notices must be received in writing.
Cancellation fees are based on the date the written cancellation notice is received:
6 or more weeks prior to the program start date......100% tuition refund
2 to 6 weeks prior to the program start date............50% tuition refund
Within 14 days of the program start date................No tuition refund
Transfer Policy
Program registrants who must cancel their registration are eligible to transfer their application and tuition to the next program offering or other EDC programs under the following conditions:
The program transfer request must be received in writing.
A $300 administrative fee will be charged for a transfer request received within 6 weeks of the initial program start date.
Only one transfer request is allowed per registration and is limited to the original program registrant.
Registrants who opt to transfer are eligible to apply the equivalent dollar value to another executive program within one year of the start date for the program in which they initially enrolled. Paid tuition dollars will be converted to a non-refundable credit voucher which must be submitted at registration time. If the credit is not applied to a program scheduled within a one-year period, it will be forfeited. Registrants will be responsible for any tuition increases.
If you have any questions regarding the cancellation/substitution or transfer policy, please contact our office.
