Professor James B. Shein is a Clinical Professor of Management & Strategy and also is part of Kellogg’s Larry and Carol Levy Institute for Entrepreneurial Practice. He teaches Managing Turnarounds (MGMT 934) and Entrepreneurship and New Venture Formulation (ENTR 462). Professor Shein is also of counsel at McDermott, Will & Emery with primary areas of practice including corporate governance, operating restructurings, business startups and acquisitions, and fiduciary duties of officers and directors.
Previously, Professor Shein spent four years as the president and chief executive officer of R.C. Manufacturing and ten years prior to that as president and chief executive officer of Northbrook Corporation.
Professor Shein has chaired programs at the Federal Reserve Bank of Chicago on the outlook for the troubled steel, textile and plastics industries. Professor Shein conducts seminars and workshops on corporate restructuring and workouts for the Bank Lending Institute and the American Press Institute. His work with corporate directors led to his article, “Trying to Match SOX: Dealing with New Challenges and Risks Facing Directors,” published in The Journal of Private Equity, 2005.
A frequent lecturer and author on corporate renewal and corporate governance, he has been highlighted on National Public Radio programs as an authority on restructuring and downsizing. He was elected by his peers as Vice President of the Turnaround Management Association, an international organization of 10,000 turnaround, bankruptcy, and restructuring professionals, and is on the International Board of Directors. He also serves on the boards of directors of several public and private companies.
Professor Shein graduated with an engineering degree from Purdue University and then earned an M.B.A. from Indiana University. He also holds a doctoral degree in organizational behavior from Indiana University. He later received his juris doctor degree, cum laude, from Loyola University of Chicago, where he was lead articles editor of the Law Journal.
Areas of Expertise
Entrepreneurship
Turnaround Management
Venture Capital and Private Equity
Education
JD, 1997, Loyola University of Chicago School of Law
PhD, 1968, Indiana University
MBA, 1966, Indiana University
BS, 1964, Engineering, Purdue University