Allen Michel

Professor of Finance at Boston University

Biography

Boston University

EDUCATION

PhD, Cornell University, Management Economics, 1972 MA, Yale University, Operations Research, 1969 BS, Carnegie Mellon University, Physics, 1967

SELECTED GOVERNMENT AND PROFESSIONAL ACTIVITIES

  • Instructor, Executive Education, Harvard University, 2009 – present
  • Finance India, Editorial Board Member, 2016 – present
  • Professor, Corporate Finance, Reykjavik University, weekend program, 2007 – 2018
  • Moderator, Angel Investing Panel, TIE Con East, Boston, June 2, 2011
  • Invited Speaker – The Financial Supervisory Authority, Iceland – Lecture: Insider Trading and Market Manipulation – Reykjavik, November 17, 2011
  • Invited Speaker – Islandsbanki, Iceland – Panel with Iceland’s Minister of Commerce – Reykjavik, November 5, 2009.
  • Judge – AT&T New Product Business Plan Competition, April 3, 2003.

Co-Founder, BOSTON EXAM REVIEW PROGRAM TESTBANK CD-ROM, 1998-2001

A 3-level program on CD-ROM preparing financial analysts, portfolio managers, brokers and other investment professionals for an examination leading to Chartered Financial Analyst (CFA) designation, a worldwide recognized certification. Its core curriculum consists of the following modules:

  • Equity Securities Analysis
  • Fixed Income Securities Analysis
  • Portfolio Management
  • Financial Accounting
  • Economic Analysis
  • Quantitative Analysis
  • Fiduciary Responsibility and Professional Standards

Director, THE INSTITUTE OF CHARTERED PENSION PROFESSIONALS (ICPP), 1994 – 2001

The Institute sponsors various activities for board members of pension funds, support staff and other individuals associated with pension plans. The Chartered Pension Professionals (CPP) certification is designated by the Institute. The certification program covers a wide range of investment-related areas such as equity securities, fixed income securities, economics, portfolio management, and fiduciary responsibility. Responsibilities included co-directing the program and teaching in each of the subject matter areas.

  • Judge – AT&T Team Leadership Award, 1999 – 2000.
  • Invited Speaker – Institute for International Research – Public Fund Boards Forum – San Francisco, November 1, 1997.
  • Invited Speaker – Universidad Peruana de Ciencias Aplicadas – Financial Tools Applied to Marketing Decisions – Lima, Peru, April 10, 1996.
  • Invited Speaker – National Investor Relations Institute – Mergers and Acquisitions – Boston, Feb. 13, 1990.
  • Invited Speaker – Institute for International Research, Leverage Buyout Conference – New York City, March 15, 1989.
  • Testimony to House Ways and Means Committee – Hearings on Tax Policy Aspects of Mergers and Acquisitions – March 14, 1989
  • Advisor to the United States General Accounting Office – Report on Conflict of Interest Abuses in Commercial Banking Institutions, January, 1989
  • Contributor – Ethics and Management Education: A Select Survey of Course Development and Research, Harvard Business School, May, 1989.

HONORS AND AWARDS

  • Co-recipient of the initial Stephen M. Ross Research Fund Award-2018
  • Selected by the Full-Time MBA students as the “Favorite Elective Professor of 2017” – “Excellence Award”
  • Selected by the MBA students as the “2013 Professor of the Year”
  • Selected by the MBA students as the “2012 Professor of the Year”
  • Graham and Dodd Scroll Award of Excellence – Best Paper Award (2008), Financial Analysts Journal – “Stock Repurchases and the EPS Enhancement Fallacy” (with Jacob Oded), Awarded July 2009
  • American Bankruptcy Institute Journal Editorial Board, 1997 – 2007
  • Article awarded the Citation of Excellence and the Highest Quality Rating by ANBAR Electronic Index (1999) – “After Bankruptcy: Can Ugly Ducklings Turn into Swans?” Financial Analysts Journal (with I. Shaked and C. McHugh)
  • Steering Committee – Universidad Peruana de Ciencias Aplicadas, Lima, Peru, 1997 – 2000
  • Listed 9th on the list of the “Most Frequently Cited Financial Management Articles” over the previous 25 years (1970-1995)
  • The Complete Guide to a Successful Leveraged Buyout – Selected by: Fortune Book Club, MacMillan Executive Book
  • Article selected for inclusion in the Chartered Financial Analysts Study and Examination Program Review (with I. Shaked), 1987-1990
  • Winner of Outstanding Article of 1982, Journal of Risk and Insurance (with J. Norris)
  • Nominated for “Metcalf Award,” the highest teaching honor at Boston University – Quarterfinalist 1996

Courses Taught

Read about executive education

Cases

Goldman Sachs could lose a financial weapon

March 10, 2015

Marketplace Allen Michel, School of Management Goldman Sachs was among 31 U.S.-based holding companies undergoing the annual Federal Reserve stress test… Expert quote: “When you take a look at Goldman as compared to a lot of financial institutions, Goldman has relied on buybacks.” Listen to audio of expert Allen Michel

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Alibaba Plan Puts IPO Record in Sight

April 24, 2014

Wall Street Journal (subscription required) Allen Michel, School of Management Alibaba Group Holding Ltd. is working on a plan that could make its initial public offering the largest in history. The Chinese e-commerce giant and its bankers are discussing adding new shares to the deal, a move that would enable the company to raise funds for […]

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Fatter airline profits, worse passenger delays

January 7, 2014

NECN Allen Michel, School of Management View video

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Small Float IPOs Beat Bigger Floats in the Long Run, Study Finds

December 11, 2013

Wall Street Journal (subscription required) Allen Michel, School of Management One bit of conventional wisdom about the hot initial public offering market is that smart companies are holding back shares in order to boost their after-market performance… Expert quote: “An investor who invests in the typical IPO would lose money [versus the market] over the […]

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Behind the mega airlines merger

February 14, 2013

NECN Allen Michel, School of Management The $11 billion merger of U.S. Airways and American Airlines would, if approved, create the world’s largest air carrier… View video

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Airbus to build assembly plant in Alabama

July 2, 2012

MarketPlace Allen Michel, School of Management In the next hour, the European airplane maker Airbus is expected to announce a new assembly plant in Alabama… View article and listen to audio

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The end of individual legacy airlines?

April 25, 2012

NECN Allen Michel, School of Management Are we nearing the end of the individual legacy airline carrier era?… View video

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American flying to uncertain future

February 2, 2012

NECN Allen Michel, School of Management Hours after bankrupt American Airlines dropped the stunning announcement it will lay off 13,000 workers as it tries to slash its cost 20 percent, many passengers here were worried about American’s future – including Tony Gallo, who flies 100,000 miles a year as a marketing consultant… View video

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