Bruce Jacobs

INTRODUCTION In September 1992, Dr. Pamela Basu—a 34-year-old suburban Maryland mother and award-winning chemist—was paused at a neighborhood stop sign less than one block from her home. She was driving her 22-month-old daughter, Sarina, to her first day of preschool. Two young men approached, flung open the door to her BMW, and forced her out. But Dr. Basu became ensnarled in the seatbelt as she tried to prevent her daughter from being driven away.

AbstractStephen A. Ross had an uncanny talent for translating economic theory into intuitive and rigorous concepts that were useful to researchers and practitioners alike. His most famous accomplishment, the arbitrage pricing theory, has inspired the ongoing search for factors that explain security returns. His work on agency theory is applied to portfolio performance evaluation and compensation.