International Securities Exchange, Inc. - Richard Schmalensee, Ph.D.

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Richard Schmalensee, Ph.D.

Dr. Schmalensee has been a director of the ISE since 2000. Since November 1998, Dr. Schmalensee has been the Dean of The Massachusetts Institute of Technology Sloan School of Management and a Professor of Economics and Management. Previously, Dr. Schmalensee served as Deputy Dean and Interim Dean. Dr. Schmalensee is a part-time consultant for LEC, LLC since April 2004 and was a part time consultant for NERA Economic Consulting from 1991 through March 2003. In addition, Dr. Schmalensee serves on the board of directors of IDG, Inc., and previously served on the board of directors of MFS Investment Management, from June 2002 to April 2004. From 1989 to 1991, Dr. Schmalensee was a member of the President’s Counsel of Economic Advisors. He currently serves on the Committee on National Statistics of the National Research Council. Dr. Schmalensee is a research associate of the National Bureau of Economic Research, a fellow of the Econometric Society, a member of the International Academy of Management, and a fellow of the American Academy of Arts and Sciences. Before joining MIT in 1977, Dr. Schmalensee was an Associate Professor at the University of California, San Diego, and has served as a visiting professor at the Harvard Business School.