Robert F. Shapiro - Vice Chairman

Mr. Shapiro joined Lehman Brothers in 1956 and became a partner in 1967. In 1974, he joined Wertheim & Co. and became President of Wertheim & Co., Inc. in 1975 and continued in that post until 1986, when he became Co-Chairman of the succeeding firm, Wertheim Schroder & Co. He joined Klingenstein, Fields & Co. in 1996. Mr. Shapiro was Chairman of the Securities Industry Association in 1985. He was President of The Bond Club of New York from 1987 to 1988, Chairman of the Nominating Committee of the New York Stock Exchange in 1980, and a Governor of the American Stock Exchange from 1970 to 1976. He serves on the boards of a number of public and private companies and not-for-profit organizations. Mr. Shapiro graduated with a B.A. from Yale University.