Visiting Academic Scholars and Economic Fellows Appointed to the Office of Economic Analysis

FOR IMMEDIATE RELEASE
2007-185

Washington, D.C., Sept. 17, 2007 - The Securities and Exchange Commission's Office of Economic Analysis today announced the appointment of two Visiting Academic Scholars and two Economic Fellows. The Visiting Academic Scholars are Dr. Scott Bauguess and Dr. Josh White, who will each be serving one-year terms ending in August 2008. The Economic Fellows are Dr. Daniel Aromi and Dr. Yoon-Ho Alex Lee, who will be serving two-year term appointments.

Before joining the Commission, Dr. Bauguess served on the faculty of Texas Tech University. He earned his Ph.D. in Finance from Arizona State University. His research focus includes the study of the merit and determinants of corporate ownership structure, and in particular, the effects of differential voting rights in corporate share structures, firms commonly classified as "dual class." While at the Commission, Dr. Bauguess will work on various issues related to corporate governance.

Before joining the Commission, Dr. White served on the faculty of the University of Illinois at Urbana Champaign. He earned his Ph.D. in Business Economics from Harvard University. His research focuses on behavioral asset pricing and on the valuation and optimal exercise of executive stock options. While at the Commission, Dr. White will work on various issues related to corporate finance.

Dr. Aromi earned his Ph.D. in Economics from the University of Maryland. His areas of specialization include auction theory and industrial organization. While at the Commission, Dr. Aromi will focus on issues related to mutual funds and market microstructure.

Dr. Lee earned his Ph.D. in Economics from Yale University, his J.D. from Yale Law School, and his undergraduate degree at Harvard University. His research includes applied microeconomic analysis, law and economics, and games of imperfect information. While in graduate school, Dr. Lee worked at the President's Council of Economic Advisers. His work has been published in the Yale Journal on Regulation. Prior to joining the OEA, he worked as a law clerk to Judge Thomas B. Griffith on the U.S. Court of Appeals for the District of Columbia Circuit. While at the Commission, Dr. Lee will focus on issues related to corporate finance, proxy voting and Sarbanes-Oxley.