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Session 9: Corporate Profits
Presentations
Rosemary Marcuss, Corporate Profits in the GDP Accounts (PDF, 387 K)
Beth Ann Bovino, Corporate Earnings (PDF, 827 K)
Dick Berner, Corporate Profits: Measurement and Analysis ( PDF, 93K)
Links of Interest
Morgan Stanley Global Strategy Bulletin
Speakers
Anne Vandenabeele
Capital Strategy Research
Anne Vandenabeele is an economist of Capital Strategy Research, Inc. (CSR) with US and global macroeconomic research responsibilities. Ms. Vandenabeele joined The Capital Group Companies in 2000 as a participant in "The Associates Program." She holds an MA (with honours) in economics from the University of Edinburgh, U.K. and an MPhil in economics from the University of Oxford, U.K. She is a member of the National Association of Business Economists and is based in Los Angeles.
Rosemary Marcuss
Deputy Director
Bureau of Economic Analysis
Rosemary Marcuss is the Deputy Director of the US Bureau of Economic Analysis and the President of NABE. She was a member of the Board of Directors of NABE from 2000 to 2003.
From 1983 to 1998, she was the Assistant Director for Tax Analysis, U.S. Congressional Budget Office (CBO), where she was responsible for Congressional tax receipts forecasts and tax policy analysis. She has also been: Senior Manager and Economist, Data Resources, Inc.; Assistant to the President, American Federation of State, County, and Municipal Employees; junior staff member, Council of Economic Advisers; Director, National Tax Association; Member: District of Columbia Tax Revision Commission.
She has a Ph.D. University of Maryland, where she had a National Science Foundation Fellowship.
Beth Ann Bovino
Senior Economist
Standard & Poor’s
Beth Ann Bovino is a senior economist at Standard & Poor’s, based in New York. In this position, she works with David Wyss, the chief economist, on S&P’s economic forecasts and publications, and co-authors the weekly Financial Notes and Weekly Economics Call. Beth Ann has created Industry Drivers reports for analyst research. She is quoted regularly in the press and has appeared on many major television programs. Further, she has written many articles for popular and professional publications.
Prior to joining Standard and Poor’s in February 2004, Beth Ann spent over ten years doing economic and market research with Sungard Institutional Brokerage, UBS Warburg, and the Federal Reserve.
Beth Ann holds a PhD in Economics from Columbia University, a Master's in International and Development Economics from Yale University, and a BS in Economics from the Wharton School at the University of Pennsylvania
Richard Berner
Chief U.S. Economist
Morgan Stanley
Richard Berner is a Principal in Morgan Stanley's Equity Research Department, and has responsibility for U.S. economic and financial research activities.
A native of Boston, Massachusetts, Mr. Berner received a bachelor of arts degree in economics from Harvard College, and a doctorate in economics from the University of Pennsylvania. He conducted dissertation research under SSRC-Ford Foundation grants at both the University of Louvain, Belgium, and at the University of Bologna, Italy.
Prior to joining Morgan Stanley, Mr. Berner was Executive Vice President and Chief Economist at Mellon Bank Corporation, and a member of Mellon Bank's Senior Management Committee. Previously, he served as a Principal and Senior Economist for Morgan Stanley and a Director and Senior Economist for Salomon Brothers. He has also served as Economist for Morgan Guaranty Trust Company, Director of the Washington, DC office of Wharton Econometrics and Economist for the Board of Governors of the Federal Reserve System. He has been an adjunct professor of economics at Carnegie-Mellon University and at George Washington University.
Mr. Berner is also a member of the Board of the National Association for Business Economics and a member of the Board of Advisors of Macroeconomic Advisers, LLC. He has been a member of the Economic Advisory Committee of the American Bankers Association, Chairman of the Economic Advisory Board of the Pennsylvania Bankers Association, a member of the Board of Directors and past President of the Economic Club of Pittsburgh, a member of the Advisory Board of the Center for Economic Development at Carnegie Mellon University's Heinz School, a member of the Board of Trustees of Sewickley Academy, and a member of the Finance Advisory Committee of the Quaker Valley School District. He has also served as a member of the Pennsylvania Legislative Joint Task Force on Exports.


