Register now for the Hatfield Lecture
Seth Klarman ’79, investor and philanthropist, reflects on his 40-year career as portfolio manager and CEO of The Baupost Group, in conversation with President Michael I. Kotlikoff.
Register to attend on the Cornell Ithaca campus or to watch the livestream. This event is free and open to the public.
Event location: Lewis Auditorium, Goldwin Smith Hall G76
Seth A. Klarman ’79 is the chief executive officer (CEO) and portfolio manager of The Baupost Group, L.L.C. He has had primary responsibility for managing the investments of Baupost since the company was formed in May 1982. Baupost uses a value discipline with an event-driven bias to find global opportunities in such diverse areas as publicly traded and private equities, bankrupt and financially distressed debt, and real estate.
Author of Margin of Safety, a book that outlines his value investment philosophy, Mr. Klarman was chosen as editor for Security Analysis: Seventh Edition, published in 2023. He is a 1982 graduate of Harvard Business School, where he was a Baker Scholar, and received his Bachelor of Arts, magna cum laude, in economics from Cornell University in 1979.
Mr. Klarman serves as chair of the board of directors of the Broad Institute. He also serves on Beth Israel Hospital’s board of managers and as a member of their board of trustees. He is a member of the board of dean’s advisors at HBS, where he has been a senior lecturer on value investing and was a 2011 recipient of the school’s Alumni Achievement Award. In 2020, he was elected to the American Academy of Arts and Sciences. Mr. Klarman is co-chairman of The Klarman Family Foundation.
The Continental Group Foundation established the Robert S. Hatfield Fund for Economic Education at Cornell University in 1980 to honor the then retiring chairman, president, and chief executive officer of the Continental Group Inc.
The fund supports the Hatfield Fellows Program, which serves as a major platform for the exchange of ideas between the academic and the corporate communities. The Hatfield Fellows Program is administered by the president of Cornell University, who each year invites one or more distinguished business leaders to meet with students and faculty members and to deliver a major address, the Hatfield Lecture. In 1981, Robert S. Hatfield ’37 inaugurated the Hatfield Fellows Program by serving as the first fellow.
Robert S. Hatfield ’37 of the Continental Group
Roger B. Smith of General Motors Corporation
Clifton C. Garvin Jr. of Exxon Corporation
Edward G. Jefferson of E.I. du Pont de Nemours & Company
John F. Welch Jr. of General Electric Company
John R. Opel of International Business Machines Corporation
James L. Ferguson of General Foods Corporation
Richard J. Ferris ’62 of UAL
Colby H. Chandler of Eastman Kodak Corporation
Donald E. Petersen of Ford Motor Company
David T. Kearns of Xerox Corporation
John A. Young of Hewlett-Packard Company
Yoh Kurosawa of the Industrial Bank of Japan Ltd.
Edwin L. Artzt of Proctor & Gamble Company
James R. Houghton of Corning Inc.
Lawrence A Bossidy of Allied Signal
Charles F. Knight ’57, MBA ’59 of Emerson Electric Company
Raymond V. Gilmartin of Merck & Company Inc.
John S. Reed of Citicorp
Charles R. Lee ’61 of Verizon Communications
Robert C. Wright of National Broadcasting Company
Sidney Taurel of Eli Lilly & Company
Sanford I. Weill ’55 of Citigroup
James C. Morgan ’60, MBA ’63 of Applied Materials
Jeffrey R. Immelt of General Electric Company
Ratan N. Tata ’59 of Tata Sons Ltd.
Irwin M. Jacobs ’54 of Qualcomm Inc.
Fisk Johnson ’79, MEng ’80, MS ’82, MBA ’84, PhD ’86 of SC Johnson & Son Inc.
Henry M. Paulson Jr. of the Us Department of Treasury
Irene B. Rosenfeld ’75, MS ’77, PhD ’80 of Kraft Foods Inc.
Eric E. Schmidt of Google
Lowell C. McAdam’76 of Verizon
Mark A. Weinberger of Ernst & Young
George Scangos ’70 of Biogen
Paul Polman of Unilever
Sandra E. Peterson ’80 of Johnson & Johnson
Natarajan Chandrasekaran of Tata Sons
Satya Nadella of Microsoft
Angela Hwang MBA ’94 of Pfizer
Anthony Capuano ’87 of Marriott International, Inc.
John Bicket ’02 of Samsara
Christy Pambianchi ’90 of Intel