Lester_Vita_2010-08

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					                              Richard H. Lester, Ph.D.
                                Clinical Associate Professor
              Executive Director Center for New Ventures and Entrepreneurship

                                 Department of Management
                                  Mays School of Business
                                  Texas A&M University
                                Email: rlester@mays.tamu.edu
                                   Phone: 979-862-7091

EDUCATION

    Ph.D., Texas A&M University, College Station Texas, 2003
         Major: Strategic Management
         Minor: Sociology
         Dissertation title: A Road Less Traveled: Investigating the Outside Directors of
            America’s Corporate Boards. Chair of Committee: Albert A. Cannella, Jr.

    E.M.B.A., University of Houston, Houston Texas, 1999
         Major: Business Management

    B.S., Wright State University, Dayton Ohio, 1974
          Major: Business Administration
          Minor: Operations and Production Management

TEACHING EXPERIENCE

    Texas A&M University – 12-2006 to present

    Louisiana Tech University – 2003 to 2006

    Texas A&M University (while Ph.D. Candidate) 2001-2003

PROFESSIONAL ACTIVITIES

    Professional Experience

       Triten Corporation Houston, Texas
        o Vice-President General Manager TAPCO International, 1996-1999
        o Vice-President Operations, 1992-1996.




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Lester, Richard H.

          Cooper Industries Houston, Texas
           o Plant Manager Cooper/Cameron Energy Services Group Missouri City, TX,
              1989-1992
           o Manager Plant Operations, Materials Manager, Production Control Manager,
              Inventory Control Manager. Cooper Energy Services Ajax-Superior at
              Springfield, Ohio, 1981-1989.

          Koehring Bomag Springfield, Ohio
           o Production Control Manager, Purchasing Agent, First Line Supervisor, Shop
              Floor Coordinator, 1974-1981.

       Professional Service

          Center for New Ventures and Entrepreneurship- Texas A&M University
              o Named executive director November 2008
          Editorial Board Member
           o Journal of Small Business Management
          Ad Hoc reviewer
           o Academy of Management Review
           o Academy of Management Journal
           o Academy of Management annual meeting
           o Journal of Business Studies
           o Journal of Small Business Management
           o Organization Science
           o Strategic Entrepreneurship Journal

          Academy of Management
              o Session Chair- Diversification / M&A: Adding Stakeholder Sauce to the Mix
                 (16226). Atlanta Georgia 2006

           ABC 40, July 28, 2009
           The time is right for local entrepreneurs says Richard Lester in this segment, which aired
           on the 10 o’clock news:
           http://www.abc40.com/Global/category.asp?C=143385&nav=menu511_5

          Austin American Statesman, Sunday August 09, 2009. Entrepreneurs in a
           recessionary era. Tim Eaton
           http://www.statesman.com/business/content/business/stories/other/2009/08/09/0809re
           cessionbiz.html

          Aggie Businesses Honored. Published Saturday, November 07, 2009 By VIMAL
           PATEL. Bryan College Station Eagle. Quoted Richard H Lester on Aggie 100.
           http://www.theeagle.com/am/Aggie-businesses-honored




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Lester, Richard H.

       Academic Committees

          2007- Present
              o Member department of management executive committee.
          2005- 2006 (Louisiana Tech University)
              o Member- University wide Committee on Intellectual Property (nominated by
                  Dean of Business School)- Rich Kordall chair
          2003 – 2006 (Louisiana Tech University)
              o Member- Graduate Management council, Department of Management
              o Member- Information Technology Committee-School of Business
              o Member – CENIT, Center for Entrepreneurship and Information Technology

       Other Academic Service

          2010- MGMT 685
               o Summer Marty Morrison- entrepreneurship
          2010- MGMT 484
               o Entrepreneurial Internship Advisor for: Winston McBurnett/ Rene
                   Garza/Jordan Buys/Tyler Gibbs/Amanda Huff/Maggie Hill/Scott
                   Marintsch/David Farrell/James Hillhouse/Lauren Dunagen/Mike Distefano
          2010-03 Faculty advisor for Tim Rebhorn. Project for Dr. Marcantonio BAUD 692
           class in the EMBA program.
          2010-03. Faculty advisor for Tim Nolte. Project for Dr. Marcantonio BAUD 692
           class in the EMBA program.
          2009-12. Faculty advisor for Seawinn Project in Dr. Marcantonio capstone class for
           the MBA program.
          2010-03. Finalized negotiation and development of a 20 year $410,000 scholarship
           program for Mays Entrepreneurship students
          I2P competition- Austin Texas October 2009- Won third place using Tech Transfer
           technology surrounding concept delevoped by GigaFect aka Lone Star Molecular
          Entrepreneurial Leadership Certificate Internship Advisor- Management 484
               o Winston McBurnett Spring 2010
               o Dan Newbold- Fall 2009
               o LaShanta Green- Fall 2009
               o Alexandra Delgado- Summer 2009
               o Austin Farmer- Summer 2009

          Academic Committee Member for candidate Alexander Leonard Ronge
           (2009-11-12).

          Academic Committee Member for Doctor in Engineering candidate Adnan Ayub
           (2009-09-22).

          Academic Committee Member for Masters of Agriculture Candidate Jarrett Irwin-
           Successful defense (2009-11-10). Professional paper titled “Internship Experience at
           Pleasant Hill Winery”.


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Lester, Richard H.

          Academic Committee Member for Masters Candidate Binghuan Li- Successful
           defense (2009-11-12)

          Academic Committee Member for Masters Candidate Alberto Aleman. Successful
           completion of oral exam (2008-11).

          EBV 2008 & 2009- Program Director- Entrepreneurship Bootcamp for Veterans with
           Disabilities. Online program July–Aug. Residency Aug.

          Academic Committee Member for Masters Candidate Pierre Morel-Fatio. Plan of
           study approved (2008-09-08). Final presentation of thesis completed (2008-12-10).

          Academic Committee member for Masters of Engineering Candidate Ekin Ergul.
           Successful defense (2009-04-15).

          Academic Committee member for Masters Candidate Andrew Gardner – Successful
           completion of oral exam (2008-11).

          Academic Committee member for Masters in Construction Science Candidate Uma
           Joshi – Successful defense (2007-11-07).
              o Submitted to the Department of Construction Science, Texas A&M
                   University. Professional paper titled: Analyzing various methods of risk
                   reduction: A study for dealing with mold and mold related problems adopted
                   by the top 100 contractors building single family homes within Texas.

          Phi Beta Lambda- Texas A&M Univ
               o Faculty Advisor- May 2007 to present

          Delta Sigma Pi (Louisiana Tech Univ)
              o Student Group Advisor- Student nominated, appointed by dean of the business
                  school. 2004-2006.

       Organizations

          Academy of Management 1999-Present

       Self-development Activities

          GCEC (National Consortium of Entrepreneurship Centers) Attended annual
           conference, Houston Texas. October 2009. Two presentations given, EBV, and
           CNVE initiatives.

          TUNIE (Texas University Network for Innovation and Entrepreneurship). Attended
           and presented CNVE initiatives at annual meeting in Houston Texas, October 2009.

          GCEC (National Consortium of Entrepreneurship Centers) Attended annual
           conference, Tucson Arizona. October 2008.

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          USASBE (United States Association of Small Business and Entrepreneurship).
           Annual conference January 10-13, 2008 San Antonio Texas. Represent Texas A&M
           University as sponsor organization.

          NCEC (National Consortium of Entrepreneurship Centers) Attended annual
           conference, Syracuse University, Syracuse. New York- October 4-7, 2007.

          The Experiential Classroom VIII Level 2.0: The Future of Entrepreneurship
           Education, Syracuse University Sept 13-16, 2007.

          NCEC (National Consortium of Entrepreneurship Centers) Attended annual
           conference in Cincinnati, Ohio- October 2006

          Participant “The Experiential Classroom VI” at Syracuse University Sept 2005.
           Clinic theme “Reaching and Teaching Tomorrow’s Entrepreneurs”.

          NCEC (National Consortium Entrepreneurship Centers) Attended annual conference
           in Portland Oregon- October 2004

          International Entrepreneurship Conference 2001 Atlanta, Georgia. May 2001.
           Participant at doctoral workshop on International Entrepreneurship. Sponsored by
           Georgia Tech, Georgia State and University of Minnesota

          International Conference on the Mexican Auto Industry InAuto 2000, Mexico City,
           Mexico. May 2000. Presentation in conjunction with Dr. Kaye Husbands Fealing on
           first tier suppliers in the Canadian auto industry (report on survey results, MIT motor
           vehicular investment program MVIP).




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HONORS AND RECOGNITIONS

          Received the 2009 Best Unpublished Research Paper Award presented by the Family
           Firm Institute Academic Awards Committee for a paper titled Stewardship or
           Agency? A Social Embeddedness Reconciliation of Conduct and Performance in
           Public Family Business, co-authored with Danny Miller and Isabelle Lebreton Miller.

          Received the 2007 Outstanding Doctoral Student Paper Award at the Southern
           Management Association Conference in Nashville, Tn. in the Strategic Management
           and Organizational Theory Track. First author Susie Cox a doctoral candidate at
           Louisiana Tech University (2007-11).

          Recipient of the 2007 Jack. A. Dinos / Cox Family Enterprise Center Best Family
           Business Paper at the Academy of Management meeting in Philadelphia, Pa. Paper
           co-authored with Danny Miller and Isabelle LeBreton-Miller titled Divided Loyalties:
           Governance, Conduct and Performance In Family and Entrepreneur Businesses.

          Recipient of the 2007 Family Firm Institutes’ Best Unpublished Paper award in
           Miami Florida, for a paper co-authored with Danny Miller, Isabelle LeBreton Miller
           and Bert Cannella.

          Summer research grant for 2003-2006 through the Center for Entrepreneurship and
           Innovation Technology at Louisiana Tech University.

          Fellowship grant from the Centers for New Venture and Entrepreneurship at Texas
           A&M University for the academic years 2001-2003.

          Research grant through the Mays Business School for Summer 2003 for work on a
           Meta-analytic framework for top management teams in conjunction with Trevis
           Certo.

          Awarded dissertation research grant award through the Mays Business School.

RESEARCH AND INTELLECTUAL CONTRIBUTIONS

I.     Discipline-Based Scholarship

       A. Peer Reviewed Journal Articles (most recent first)


              Miller, D., Le Breton, I., Lester, R.H. Stewardship or Agency? A Social
               Embeddedness Reconciliation of Conduct and Performance in Public Family
               Businesses. Accepted unconditionally at Organization Science (as of 2010-03-02).

              Miller, D., Le Breton, I., Lester, R.H. Family and Lone Founder Ownership and
               Strategic Behavior. Conditional acceptance at the Journal of Management Studies
               (2009-10-09).

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Lester, Richard H.


             Miller, D., Le Breton, I., Lester, R.H., 2010. Family Ownership and Acquisition
              Behavior in Publicly-Traded Companies. Strategic Management Journal Vol. 31:
              201-233.

             Collins, J.D., Holcomb, T.R., Certo, S. T., Hitt, M.A., Lester, R.H., 2009.
              Learning by doing: Cross-border mergers and acquisitions. Journal of Business
              Research, Vol. 62, p. 1329-1334.

             Lester, R.H., Hillman, A., Zardkoohi, A., Cannella, A.A. Jr., 2008. Former
              Government Officials as Outside Directors: The Role of Human and Social
              Capital. Academy of Management Journal October Vol. 51(5), p. 999-1013.

                 o Outlets quoting or using this research:
                 o Agenda –Financial Times, 2009-01-20. Wagner, K. Why Presidential
                   Insiders Make Good Board Members.
                 o Renaissance Radio- Interview Jan 19, 2009 conducted by Ron Morris
                   Pittsburgh- RR founder Ron Morris previews Tuesday’s Presidential
                   inauguration, and just what the transfer of power from George Bush to
                   Barack Obama means for the business community. We’ll talk with
                   Richard Lester, a Texas A & M Professor who co-authored a recent study
                   that determines just how much CEO’s can change from red to blue
                   depending on where the political power lies in our nation’s capital, and
                   why it happens more than you may think. And we’ll get live analysis
                   from Washington D.C., as well as local reaction to just what business
                   owners can expect.
                 o USA Today, 2009-01-15. Jones, D. Are businesses feeling more blue?
                   When Obama moves into the White House, will Republican-leaning
                   companies change their politics? Page 1B.
                 o Business Week, 2008-12-22. Brynes, N. Out of Power Out of Luck. BTW
                   section.
                 o BusinessWeek.com, 2008-12-15. Brynes, N. Out of Power Out of Luck.
                 o USNEWS.com (U.S. News and World Report, Nov 28, 2008), Ewers, J.
                   Bush Cabinet Officials May Be Left Out in the Cold When They Enter the
                   Private Sector.
                 o Washington Post, Federal Diary, Nov. 26, 2008, Davidson, J. Republicans
                   on Corporate Boards.
                 o Reuter’s blogs, Front Row Washington, Tracking US Politics, Nov 24,
                   2008. Cowan, R. What's Next for Paulson, a Soup Line?

             Yu, T., Lester, R.H., 2008. Moving Beyond Firm Boundaries: A Social Network
              Perspective on Reputation Spillover. Corporate Reputation Review. Spring, Vol.
              11 (1), p94-108.

             Yu, T., Sengul, M., Lester, R.H., 2008. Misery Loves Company: The Spread of
              Negative Impacts Resulting from an Organizational Crisis. Academy of
              Management Review. April, Vol. 33(2), p452-472.


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             Certo, S. T., Daily, C. M., Dalton, D. R. & Lester, R. H., 2008. Boards of
              directors’ self interest: Expanding for pay in corporate acquisitions? Journal of
              Business Ethics, Jan, Vol. 77 Issue 2, p219-230.

             Miller, D., Le Breton, I., Lester, R.H. Cannella, A.A. Jr., 2007. Are Family Firms
              Really Superior Performers? Journal of Corporate Finance, Dec., Vol. 13 Issue 5,
              p. 829-858.

                 o (from email dated 2009-03-31) The article entitled “Are family firms
                   really superior performers?” as published in the journal “JOURNAL OF
                   CORPORATE FINANCE” in December, 2007 has been identified by
                   Essential Science IndicatorsSM as a featured New Hot Paper in the field
                   of Economics & Business, which means it is one of the most-cited papers
                   in its discipline published during the past two years.

             Lester, R.H., & Cannella, A.A. Jr., 2006. Interorganizational familiness: How
              family firms use interlocking directorates to build community-level social capital.
              Entrepreneurship Theory and Practice- Nov, Vol. 30 Issue 6, p755-775.

             Lester, R.H., Certo, S.T., Daily, C.M., Dalton, D.R. & Cannella, A.C. Jr., 2006.
              IPO Investor Valuations: An Examination of Top Management Team Prestige and
              Environmental Uncertainty. Journal of Small Business Management: 44(1): 1-26.

             Certo, S.T., Lester, R.H., Daily, C.M., Dalton, D.R. 2005. Meta-Analysis of Top
              Management Team Demographics: Do Top Executives Matter? Journal of
              Management Studies: Volume 43 (4).813-839.

          Book Chapters

             Certo, S.T., Lester, R.H., Daily, C.M., Dalton, D.R. 2010. Top Management
              Teams, Strategy and Financial Performance: A Meta-Analytic Examination. In T.
              Clarke & M. Dela Rama (eds), Fundamentals of Corporate Governance.
              Thousand Oaks, Ca: Jossey- Bass.

          National Proceedings Publications

             Lester, R. H., Cannella, Jr., A. A. & Certo, S.T. Keep Close To Home Or Venture
              Out: The Influence Of Status And Connections For Outside Directorships.
              (Business Policy and Strategy Division of the Academy of Management)
              Published in the Best Paper Proceedings Anaheim Ca. August 2008.

             Miller, D., LeBreton-Miller, I., Lester, R.H. Divided Loyalties: Governance,
              Conduct and Performance In Family and Entrepreneur Businesses.
              (Entrepreneurship Division of the Academy of Management) Published in the
              Best Paper Proceedings, Philadelphia, Pa. August 2007.

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Lester, Richard H.


             Lester, R. H., & Cannella, Jr., A. A. The Road to Directorship: How corporate
              executives secure positions on other firms boards. (Business Policy and Strategy
              Division of the Academy of Management) Published in the Best Paper
              Proceedings Honolulu, Hawaii August 2005.

             Yu, T., Lester, R.H., & Sengul, M. Reputation Spillover: How changes in
              corporate reputation affect competitive action. (Business Policy and Strategy
              Division of the Academy of Management) Published in the Best Paper
              Proceedings, Denver, Co. August 2002.

       Conference Presentations

             Academy of Management 2009- Chicago Illinois

              Paper Presentation: Miller, D., LeBreton-Miller, I., Lester, R.H. Stewardship or
              Agency? A Social Embeddedness Reconciliation of Conduct and Performance.

             Academy of Management 2008- Anaheim Ca.

              Paper Presentation: Lester, R. H., Cannella, Jr., A. A. & Certo, S.T. Keep Close
              To Home Or Venture Out: The Influence Of Status And Connections For Outside
              Directorships

              Paper Presentation: Miller, D., LeBreton-Miller, I., Lester, R.H.. Family versus
              Lone Founder Ownership and Acquisition Behavior in Publicly-Traded
              Companies

             Southern Management Association- Nashville, Tennessee- November 2007.

              Paper Presentation: Cox, S., Lester, R.H., Why Say Yes: Insights into an Outside
              Director’s Decision to Serve. Awarded the Best Doctoral Student paper in track.

             SMS-Strategic Management Society- San Diego, Ca. Oct. 2007

              Paper Presentation: Hillman, A., Lester, R.H., Zardkoohi, A. Politicians On The
              Board: Implications For Firms’ Non-Market Strategies. SMS-2007-AC-585

             Academy of Management 2007- Philadelphia, Pa.

              Paper presentation: Miller, D., LeBreton-Miller, I., Lester, R.H. Divided
              Loyalties: Governance, Conduct and Performance In Family and Entrepreneur
              Businesses. Entrepreneurship Division.

             Academy of Management 2006- Atlanta Georgia

              Paper presentation: Lester, R.H., Shen, W., Cannella, A.A. Jr. When an outside

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Lester, Richard H.

              director takes over as CEO. (BPS)

              Paper presentation: Lester, R.H., & Cannella, A.A. Jr. Interorganizational
              familiness: How family firms use interlocking directorates to build community-
              level social capital. (ENT)

             Strategic Management Society- Orlando Florida- September 2005

              Paper presentation: Collins, J.D., Holcomb, T.R., Certo, S. T., Hitt, M.A., Lester,
              R.H. The Influence of Prior Experiences on the Likelihood of International
              Merger and Acquisition Activity

             Academy of Management 2005- Honolulu- Hawaii

              Paper presentation: Miller, D., LeBreton-Miller, I., Lester, R.H. Family
              Involvement, Agency and Performance in the Fortune 1000 (ENT)

              Paper presentation: Yu, T., Sengul, M., Lester, R.H. Misery Loves Company: The
              Spread of Negative Impacts Resulting from a Firm-Specific Shock (OT)

              Paper presentation: Lester, R.H., Cannella, A.A. Jr. The road to directorship: How
              corporate executives secure positions on other firm’s boards. (BPS)

             Theories of Family Enterprise Conference, Univ of Alberta, Edmonton 06-05

               Paper presentation: Lester, R.H., Cannella, A.A. Jr. Interorganizational
               familiness: How family firms use interlocking directorates to build community-
               level social capital

             Academy of Management 2004, New Orleans, La.

              Paper presentation: Paying for Growth or Growing for Pay: The Relationship
              Between Director Compensation and Firm Acquisition Activity. Authors: Certo,
              S. T., Lester, R. H., Daily, C. M., & Dalton, D. R. (BPS)

             Academy of Management 2003 Seattle, Wa.

              Paper presentation: A Road Less Traveled: Investigating those who join Americas
              corporate boards as outside directors. Authors: Lester, R.H., Cannella, A.A. Jr.,
              Certo, S.T. (BPS)

              Paper Presentation. Meta-Analysis of Top Management Team Demographics: Do
              Top Executives Matter? Authors: Certo, S.T., Lester, R.H., Daily, C.M., Dalton,
              D.R. (BPS)

             Academy of Management 2002- Denver Colorado



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Lester, Richard H.

              Paper presentation. Impressing IPO Investors with Prestige: Do top managers
              matter? Authors; Lester, R.H., Certo, S.T., Daily, C.M., Dalton, D.R. (ENT)

              Paper presentation. Reputation Spillover: How changes in corporate reputation
              affect competitive action. Authors; Yu, T., Lester, R.H., Sengul, M. (BPS)

             Academy of Management 2001 – Washington D.C.

               Paper presentation. Political Appointees to Corporate Boards: A test of resource
              dependence theory. Authors: Lester, R.H., Zardkoohi, A. (BPS)

              Paper presentation. Towards a theory of outside director service. Authors: Lester,
              R.H., Cannella, A.A., Jr. Washington, D.C. August 2001. (BPS)

              Paper presentation. Plant strategy dynamics. Authors; Eden, L., Shimizu, K.,
              Lester, R.H.

             Academy of Management 2000 Toronto Canada

              Paper presentation. Escalation of Commitment to a Failing Course of Action and
              Organizational Inertia: An Alternative Perspective. Author: Lester, R.H. (OB)

II.    Unpublished Papers

          Under Review

             Miller, D., LeBreton-Miller, I., Lester, R.H. Family Firm Governance, Strategic
              Conformity and Performance: Institutional versus Strategic Perspectives. Under
              third review at the Academy of Management Journal (as of March 2010).

             Lester, R.H., Cannella, A.A. Jr., Certo, S.T. Executives who join other firm’s
              boards: A Model of Repeated Events. Invited for first resubmission to the
              Academy of Management Journal.

             Lester, R.H., Shen, W., Cannella, A.A. Jr. Board Intervention In Leadership
              Structure: Antecedents, Immediate Impacts, And Long-Term Consequences.
              Invited for first review at the Journal of Management Studies (as of July, 2010).


          Working Papers

             Lester, R.H., Shen, W., Cannella, A.A. Jr. When an outside director takes over as
              CEO. In preparation for submittal to Academy of Management Journal




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