Biography
Michael McMillan, CFA, was director of ethics education at CFA Institute. Previously, he was a professor of accounting and finance at Johns Hopkins University’s Carey School of Business and George Washington University’s School of Business. Prior to his career in academia, McMillan was a securities analyst and portfolio manager at Bailard, Biehl, and Kaiser and at Merus Capital Management. He is a certified public accountant (CPA) and a chartered investment counselor (CIC). McMillan holds a BA from the University of Pennsylvania, an MBA from Stanford University, and a PhD in accounting and finance from George Washington University.
In a wide ranging discussion, the president of Ariel Investments explained how her firm’s investment philosophy, corporate culture, and concern for society have contributed to its success.
To determine the true economic status of a company's plan, investors must look beyond the pension expense number on corporate income statements, says Credit Suisse's David Zion, CFA.