This program is designed to address a private company’s unique challenges, opportunities, and performance. You'll gain the management tools to enhance sustainable growth while retaining what matters to your organization.
The Executive Development Program for Private Companies provides the management tools to develop sustainable private sector-led growth. Participants will assess a company’s culture fit for purpose and effective governance practices. You will examine the role financial statements play in unlocking value in a private company, as well as the intersection of business strategies with private ownership models. In addition, you’ll dive into the mindsets of investors and explore frameworks to commercialize and finance innovation. Ultimately, you’ll explore critical levers to enhance sustainable growth while retaining what matters to your private company.
By attending, you will:
This program will benefit mid-to senior-level executives, C-suite, owners, and founders from private companies around the globe, such as family-owned enterprises, private corporations, and partnerships.
Those in private organizations that are backed from PE firm(s) will find benefit in attending, as well as those who serve on private company boards, councils, and advisory committees.
Private companies from a wide variety of sizes and industries such as manufacturing, technology, retail, and healthcare will all find this program beneficial, especially those who are preparing for organizational growth.
Effective January 2018, Minnis became a member of the Private Company Council, the primary advisory council to the Financial Accounting Standards Board on private company issues. In this role he helps FASB understand the effects of accounting standards on private companies and helps shape new standards as they relate to private companies. He has also been engaged in consulting projects, working with the investment bank Lincoln International to develop and launch the Lincoln Middle Market Index which tracks the value of private middle market companies.
Prior to pursuing his PhD, Minnis worked in a variety of professional roles. He first started in corporate finance at Eli Lilly and Company, Inc. and later at Fitzgerald | Isaac, p.c. as a certified public accountant. Building on his knowledge and experience, Minnis went on to found Controller Associates LLC. His firm provided part-time controller and Chief Financial Officer services to start-ups, small companies, and non-profit organizations, as well as a variety of financial statement analysis and consulting services. He sold the firm to Milestone Advisors in 2006.
“Having worked with and studied companies ranging in size from large multi-nationals to start-up ventures, I have seen the usefulness and the power of the information conveyed in financial statements. I want managers, investors, and students to be able to take full advantage of this information.”
Minnis received his PhD from the University of Michigan and his BS from the University of Illinois, where he graduated with Highest Honors.
From 2001 to 2003, Dr. Kroszner was a member of the President’s Council of Economic Advisers (CEA). He was involved in formulating policy on a wide range of issues, including responses to corporate governance scandals, government-sponsored enterprise reform, pension reform, terrorism risk insurance, tax reform, currency crisis management, sovereign debt restructuring, the role of the International Monetary Fund (IMF), and international trade and development.
Since 1990, Dr. Kroszner has taught at the University of Chicago Booth School of Business. Dr. Kroszner was Director of the George J. Stigler Center for the Study of the Economy and the State. He served as editor of the Journal of Law & Economics and has been associate editor of a number of other academic and policy journals. He was a member of the board of directors at the National Association for Business Economics and the Financial Management Association.
Dr. Kroszner serves as the Chair of the Financial Research Advisory Committee of the Office of Financial Research of the U.S. Treasury. He is a member of the Federal Reserve Bank of Chicago’s Academic Advisory Council and of the board of advisors of the Paulson Institute. In addition, he is a Research Associate of the National Bureau of Economic Research. He is member of the board of trustees of the Chicago Symphony Orchestra and a member of the board of directors of the Renaissance Society.
Dr. Kroszner has been a visiting scholar at the Securities and Exchange Commission, the IMF, the Stockholm School of Economics, the Stockholm University, the Free University of Berlin, Germany, the London School of Economics, and the American Enterprise Institute. He was the John M. Olin Visiting Fellow in Law and Economics at the University of Chicago Law School the Bertil Danielson Visiting Professor of Banking and Finance at the Stockholm School of Economics, and the SK Chaired Visiting Professor at Yonsei University, Seoul, Korea.
His research interests include regulation of financial institutions, international financial crises, the Great Depression, monetary economics, corporate governance, debt restructuring and bankruptcy, and political economy. His paper on managerial stock ownership (with Clifford Holderness and Dennis Sheehan) won the Brattle Prize for best corporate finance paper in the Journal of Finance. His book co-authored with Nobel laureate Robert J. Shiller, Reforming U.S. Financial Markets: Reflections Before and Beyond Dodd-Frank (MIT Press) appeared on the Washington Post’s Book World political best sellers list.
Dr. Kroszner is a frequent commentator in the international media. He provides advice to financial institutions, government organizations, and central banks throughout the world.
Dr. Kroszner received a Sc.B. (magna cum laude) in applied mathematics-economics (honors) from Brown University in 1984 and an M.A. (1987) and Ph.D. (1990), both in economics, from Harvard University.
In addition to numerous articles published in a variety of top academic journals, Erickson is a coauthor of the widely used Taxes and Business Strategy textbook (currently in its 6th edition) and is the author/editor of the casebook, Cases in Tax Strategy. From 2005-2011, he served as a co-editor of the Journal of Accounting Research.
Over the course of his career, Erickson has consulted on complex GAAP and tax accounting issues (e.g., debt versus equity, various ASC 740 related issues, intercompany accounting and consolidation, employee stock option accounting, accounting for mergers, acquisitions and divestitures (e.g., spin-offs, leveraged partnerships, reverse Morris Trust transactions), restated financial statements, etc.) in a variety of contexts (e.g., bankruptcy, mergers, acquisitions, divestitures, inversions, structured finance, investment planning, cross border and intercompany financing, partnership and LLC arrangements, tax sharing agreements, shareholder disputes, and various types of tax advantaged transactions). His clients have included, among others, the U.S. Department of Justice, the Internal Revenue Service, Fortune 500 companies in various industries, international financial institutions, law firms, accounting firms, and individual taxpayers. He has also assisted corporations with SEC, IRS and whistleblower investigations. Erickson brings these real world experiences to his “Taxes Business Strategy” and executive education courses at Booth.
Prior to entering academia, he assisted the U.S. Government in its prosecution of the Lincoln Saving & Loan case. He subsequently published an academic article and teaching case relating to the audit failure associated with the Lincoln Saving & Loan case. That teaching case has been used by the Big 4 to train junior auditors.
He has been given several awards from the American Taxation Association for his research and teaching. He has received the Outstanding Manuscript Award (twice) as well as an award for teaching innovation. In addition to teaching graduate students at Chicago Booth, Erickson has taught courses to Morgan Stanley, Merrill Lynch, General Electric Capital Corporation, Baker McKenzie, Andersen Consulting, Accenture, CareerBuilder, and the IMCA (Investment Management Consultants Association) among others. He also was been named one of BusinessWeek's Outstanding Faculty at the University of Chicago.
Erickson earned a bachelor's degree in accounting from Rockhurst College in 1987, an MBA in 1989 from Arizona State University, and a PhD in accounting from the University of Arizona in 1996. He joined the Chicago Booth faculty in 1996.
In addition to his scholarly activities, Erickson is an avid fisherman. His angling pursuits have taken him from the pristine wilderness lakes of northern Canada to some of the remotest stretches of the Great Barrier Reef. He received the Angler Award from the Billfish Foundation in 2003 for releasing the most striped marlin worldwide that year.
He works with Fortune 50 companies, family businesses and start-ups in the areas of innovation and strategy. He has worked with a broad array of companies including Abbott Labs, American Express, Danaher, Dover, ETS, Harley-Davidson, Hewlett-Packard, Kimberly-Clark, McDonalds, PepsiCo, State Farm and Yum! Brands.
Greg was an alderman in the City of West Chicago, serving on the infrastructure, public safety and development committees.
Greg has lectured nationally and internationally on topics related to strategy, creating customers, and innovation. He earned a bachelor's degree from Wheaton College in philosophy and an MDiv from Harvard University.
His expertise includes: Strategic Planning, M&A, and Capital Planning. He works with publicly-held firms, privately-owned firms with a special emphasis on planning for large family-owned businesses.
Recent consulting projects include developing a strategic plan including M&A Plan ($700 mil firm in SE USA), developing ownership exit strategies/succession plans for 4 family/founder held business ranging in size from $10 to $50 million in EBITDA, strategic plan for an $75 million international internet based business, and an international strategic plan ($2 bil firm based in Saudi Arabia).
Formerly he was the founding CEO of First Community Financial Partners, a 4 bank holding company which grew to $1.2 billion in assets in 10 years which he took public and later sold. At First Community, he led 5 stock offerings raising over $100 million in equity.
He has made 11 angel investments, 4 search fund investments and has advised numerous start-up firms including mentoring Booth New Venture Challenge teams.
He serves on several corporate and non-profit boards.
His academic credentials include an MBA with honors in Finance and Strategy from the University of Chicago and a PhD in Entrepreneurial Finance from Union University. In addition to Booth, he is a Professor at the University of St. Francis in Joliet, IL and has guest lectured at the Northwestern Kellogg School of Management. His current research includes decision models for mergers and acquisitions including "A Framework for Validating and MA Deal Thesis" published in the Journal of Accountancy and Finance. He also recently published "An Investor's Guide to Search Funds" in the Journal of Private Equity; the article was co-authored with a Booth student.
Ana Dutra is an experienced corporate board director of publicly traded and private global corporations. She previously served as CEO of The Executives’ Club, a 112-year-old world-class senior executives organization focused on innovation, technology, diversity & inclusion, and leadership development for boards and top leaders. She has led lines of business and global P&Ls with CSC, Oliver Wyman, Accenture, and more recently, with Korn Ferry. She received her MBA from the Kellogg School of Management, Northwestern University.
To apply for the program, candidates must submit:
1. A completed application.
2. A resume or CV.
3. A statement addressing your learning objectives for attending the program.
Applications are accepted and reviewed on a rolling basis. During the review process, a member of the Admissions committee may contact you to discuss your application.
To ensure your place in the program and to receive advanced preparation materials in a timely manner, please submit your application at least six weeks before start of the program. Late applications will be considered if space is available.
This crash course leadership program covered comprehensive subjects on leadership, strategy, and financial analysis toward assessing the valuation of an organization.
—Khairul Anwar Mohamad, Group Chief Financial Officer, Petra Energy Berhad
|April 22-26, 2024||$12,500||APPLY TODAY|
|October 28-November 1, 2024||$12,500||APPLY TODAY|
This program typically runs in the Spring and Fall.