J. Fred Weston is Professor Emeritus, Recalled, of Managerial Economics and Finance at the John E. Anderson Graduate School of Management at the University of California, Los Angeles. He has published 31 books, 147 journal articles, and chaired 32 doctoral dissertations. Since 1968 he has been Director of the UCLA Research Program on Takeovers and Restructuring. Dr. Weston has served as President of the American Finance Association, President of the Western Economic Association, President of the Financial Management Association, and as a member of the American Economic Association U.S. Census Advisory Committee. In 1978, he was selected as one of five outstanding teachers on the UCLA campus. In 1994, he received the Dean's Award for Outstanding Instruction in the Anderson School at UCLA. He has been an associate editor on a number of journals. He has been selected as a Fellow of the American Finance Association, of the Financial Management Association, and of the National Association of Business Economists. He has been a consultant to business firms and governments on financial and economic policies since the early 1950s. Professor Weston has held professional consulting assignments with Bank of America, Lockheed, Transmerica, Boeing, Hughes Aircraft, Crocker Bank, Reading Railroad, Litton, General Electric, Westinghouse, Quaker Oats, Sun Harbor Tuna, Eli Lilly Co., Hoffman-LaRoche, 3M Company, General Motors, GAO, IRS, U.S. Department of Commerce¿Bureau of the Census, Shoenfeld Industries, Chevron, Morgan Stanley & Co., and AT&T. Weston has been a former Dryden Press author, having been the lead author on MANAGERIAL FINANCE (which reached it's ninth edition) and the original lead author on ESSENTIALS OF MANAGERIAL FINANCE (which is now entering it's thirteenth edition with Besley/Brigham as the authorship).