Gabriel Hawawini (Ph.D., New York University) is the Henry Grunfeld Chaired Professor of Investment Banking at INSEAD, where he is also a professor of finance and formerly served as dean. Professor Hawawini has taught finance at INSEAD, New York University, Columbia University, and the Wharton School of the University of Pennsylvania, where he received the Helen Kardon Moss Anvil Award for Excellence in Teaching. In addition to teaching value-based management seminars around the world, Professor Hawawini is the author of ten books and more than seventy research papers on financial markets and