Herman C. Krannert Distinguished Professor Emeritus of Management
Ph.D., Management, Massachusetts Institute of Technology
M.S., Management, Massachusetts Institute of Technology
B.S., Aeronautical Engineering, Pennsylvania State University
Professor Lewellen joined the Krannert faculty in 1964. His areas of teaching and research are corporate and international finance. He was director of the School's Executive Education Programs from 1985 to 2006, and Herman C. Krannert Distinguished Professor of Management since 1988. He has held visiting appointments at the Harvard Business School, the Sloan School of Management at MIT, and at the Fuqua School of Business at Duke University.
His publication credits include Executive Compensation in Large Industrial Corporations, Columbia University Press, 1968; The Ownership Income of Management, Columbia University Press, 1971; The Cost of Capital, Kendall-Hunt, 1981; and Financial Management: An Introduction to Principles and Practice, South-Western College Publishing, 2000; plus more than 90 articles in professional journals.
He has had extensive consulting experience in the areas of business valuation, executive compensation, commercial banking, and public utility rate regulation with such firms and organizations as Bank of America, AT&T, General Electric, Ameritech Indiana, GTE, Sun Trust Banks, American Water Works Company, IPALCO Industries, the U.S. Treasury Department, Johnson & Johnson, Northern Indiana Public Service Company, and the Federal Reserve Board.
He has served or is serving on the editorial boards of Financial Management, Strategic Management Journal, Managerial and Decision Economics, National Tax Journal, Journal of Business Research, Journal of Financial Research, Review of Quantitative Finance and Accounting, Journal of Financial Research and the Journal of Economics and Finance. He has received the Salgo-Noren Award as the Outstanding Teacher in Graduate Professional Programs at the Krannert School on four different occasions. He is currently a member of the board of directors of Industrial Dielectrics, Inc., and he served on the Board of USF&G Corp. from 1992-98. Professor Lewellen was awarded an honorary Doctorate in Economics from the Budapest University of Economic Sciences in 1996.