Adlai Wertman

Adlai Wertman is a Professor of Clinical Social Responsibility at the Marshall School of Business at the University of Southern California. In this position, Professor Wertman originated and spearheads the Marshall School’s efforts in the growing field of business and society – a major thrust for the School. He is also the founder of the Social Enterprise and Business Lab at Marshall – a center focused on creating new opportunities for civic engagement by the for-profit sector.
Prior to joining the faculty at Marshall, Adlai spent seven years as President and CEO of Chrysalis - the only non-profit in Los Angeles devoted solely to helping homeless change their lives through employment. As part of its award winning program, Chrysalis ran one of the larger social enterprises in the country. Prior to Chrysalis, Adlai spent 18 years as an Investment Banker. His last position was Managing Director and Manager of Prudential Securities' West Coast Public Investment Banking Group. He also spent two years teaching non-profit management to second year Masters in Social Welfare candidates at UCLA.
Adlai is a Senior Fellow at the UCLA School of Public Affairs and a Wexner Heritage Fellow. He has worked extensively in the Los Angeles community as founder and Board Member of several non-profits. He is a frequent speaker on the issues of homelessness, non-profit management and social entrepreneurship. Adlai is also a consultant to numerous NGOs in the US and in Israel.
Adlai earned his BA in Economics from the State University of New York at Stony Brook and his MBA in Finance, Public Policy Management and Strategic Planning from The Wharton School at the University of Pennsylvania.

Employer:	University of Southern California, Marshall School of Business
Position:	Professor of Clinical Social Responsibility
Time period:	January 2007 - Present
Description:	- Founding Director of the Social Enterprise and Business Lab desiging new models to engage the private sector in social issues beyond philanthropy - Developing a Social Enterprise Incubator to nurture the growth of new revenue-producing entities with a social mission.. - Spearheading the Marshall School’s internal efforts in social responsibility. - Developing and teaching a curriculum to educate the next generation of responsible corporate citizens.

Employer:	UCLA School of Public Affairs
Position:	Faculty Member
Time period:	January 2005 - Present
Description:	- Lecturer for three graduate courses: Non-Profit Management and Strategic Planning; Non-Profit Finance and Fundraising Strategy; and Models of Self-Sustaining Non-Profits. - Senior Fellow in the School of Public Affairs

Employer:	Chrysalis
Position:	President and Chief Executive Officer
Time period:	January 2001 - December 2007
Description:	- Responsible for managing all aspects of this non-profit agency dedicated to helping homeless and economically disadvantaged people change their lives through jobs. In three Los Angeles offices (Skid Row, Santa Monica and Pacoima), Chrysalis helps almost 2,500 people each year with a 93% success rate. - Manage two nationally recognized social enterprises that provide transitional employment for almost 1,000 clients annually and produce over $4 million in revenues. - Overall responsibility for a $7.5 million budget with 50 full time employees. - Rebuilt and manage a 30-member Board of Directors - Drafted and passed through LA City Council the Transitional Jobs Opportunity Program – the first law in the country to give bidding preferences to non-profit job readiness programs. - Developed numerous unique business partnerships that have been highlighted by Forbes, Worth, Business Week and numerous industry specific publications. - Increased size of agency by nearly 100% in four years. Added 1,500 donors resulting in a 91% privately funded enterprise. - Since arriving, Chrysalis has been named the top service agency by: The Central City Association; The Downtown Real Estate Association; The California Reinvestment Coalition; The International Downtowns Association; and over a dozen other organizations.

Employer:	Prudential Securities
Position:	Managing Director
Time period:	January 1989 - December 2000
Description:	- Co-Manager of National Public Finance Department and Manager of the West Coast Region. - Served as advisor and banker to senior public officials in more than 40 states. - Senior managed nearly $25 billion in innovative debt financing. - Experience in all major government finance issues, including but not limited to, investments, infrastructure, transportation, energy, water, education and general obligation/COPs. - Responsible for all financial structuring issues for the Department, including derivative products, refinancing, structured finance, credit enhancement and reinvestment. - Responsible for offices in Miami, Dallas, Los Angeles and San Francisco.

Employer:	Chase Securities
Position:	Assistant Vice President
Time period:	January 1988 - December 1989
Description:	- Assisted Executive Vice President in managing both Public Finance Investment Banking and Municipal Trading. Developed expertise in structuring and restructuring student loan financings in several states.

Employer:	Bear, Stearns & Co. Inc.
Position:	Associate
Time period:	January 1986 - December 1988
Description:	- Assisted in numerous public-private financings requiring developed expertise in international finance, corporate finance and mortgage-backed securities. Served as financial advisor to the Panama Canal Commission. Assisted in structuring first major national privatization financings in the U.S. for the Department of Agriculture.

Employer:	E.C. Farnsworth & Co.
Position:	Corporate Finance Banker
Time period:	January 1983 - December 1984
Description:	- As a partner, managed all aspects of the Initial Public Offering business for the boutique investment bank. Served as a member of the Senior Management Team.

Employer:	Laidlaw, Adams & Peck
Position:	Vice President
Time period:	January 1980 - December 1983
Description:	- Worked as an Underwriter on the IPO trading desk. Managed the books for over 20 IPOs. Promoted to serve as assistant to the Chairman and CEO.

University:	The Wharton School
Time period:	1984 - 1986
Degree:	Finance and Public Policy Management, MBA

University:	State University of New York System - Stony Brook
Time period:	1976 - 1980
Degree:	Economics, BA

Memberships:	- Rock the Classroom, Founding Board Member - The Bridge Program, Founding Board Member - Former Board Member of: Southern California Community Ventures; National Jewish Democratic Council; Reconstructionist Rabbinical College; and Kehillat Israel Jewish Center.
Awards:	- Fellow, The Wexner Heritage Foundation - Senior Fellow, UCLA School of Public Affairs - Invited Participant, The Aspen Institute