Charles River Associates Inc.

James C. Burrows, President and Chief Executive Officer of CRA, is experienced in a wide variety of valuation, antitrust, international trade, and transfer pricing issues. He has testified or consulted to counsel in litigation involving oil, coal, iron and steel, silver, copper, heating oil, aluminum, futures markets, infant formula, rail transportation, real estate valuation, financial services, retail trade, music, consumer products, pharmaceuticals, and environmental economics. He has also assisted several clients in presentations before the Federal Trade Commission. Dr. Burrows has published numerous books and articles on issues involving natural resource economics.

Arnold J. Lowenstein, Executive Vice President, Chief Strategy Officer, directs CRA's business consulting practice. He is an expert in business and competitive strategy and in commercial development for the chemical and energy industries. Mr. Lowenstein provides strategic planning assistance to the top management of major chemicals and energy companies worldwide. In the litigation area, he has performed numerous acquisition and due diligence studies for large operating companies and investment banks, provided expert analyses in support of tax appeals, and consulted on numerous corporate refinancings. Mr. Lowenstein has experience in determining the impact of legal risk on business positions, strategy, and corporate value. He has advised on major national and international mergers regarding business fit, value, and competitive positioning issues.

Frederick T. Baird, Executive Vice President, Chief Corporate Development Officer, and Head of Europe and the Middle East, is a former tenured professor at the University of Canterbury and specializes in the solution of business problems, with particular emphasis on the development of markets, mathematical modeling related to network industry operations and competitive markets, and general areas within the fields of economics and operations research. Mr. Baird served as project director for the design and development of the Singapore electricity market. Prior to that he was a senior vice president at PHB Hagler Bailly and a managing director at Putnam, Hayes, & Bartlett. Throughout his consulting career, Mr. Baird has managed and directed projects for the New Zealand and Australian electricity markets and the Victorian gas market, and he has overseen the design and development of the Ontario, Canada, market; the design of the Malaysian electricity market; and the review of the Singapore electricity and gas markets. He has a number of publications in the areas of mathematical programming.

Christopher Maxwell, Vice President and Director of Research, codirects CRA's Business Consulting/Finance group. An expert in microeconomics, Dr. Maxwell specializes in antitrust/competition, damages, finance and valuation, auction design and implementation, intellectual property and natural resource damages assessment. He has worked on a number of major litigation matters, including those on behalf of the National Football League and the National Basketball Association. Dr. Maxwell codeveloped CRA's Auction practice, which provides consulting services on auction strategy, design, and implementation. Prior to joining CRA, he taught courses at Boston College and Harvard University on economic analysis of law; uncertainty, information, and strategic behavior; probability and statistics; and microeconomics.

Dr. Bell, executive vice president at CRA International, is responsible for CRA's business consulting platform and he is also the practice leader for pharmaceuticals. In addition, he is a principal member of the firm's Finance, Intellectual Property, and Transfer Pricing practices. As an expert witness, Dr. Bell frequently testifies on damages in intellectual property, finance, and antitrust litigation. Dr. Bell's business consulting engagements focus on the economics of business strategy, working with firms to develop sustainable competitive advantages in specific product markets. He has led and consulted to numerous projects concerning game theory and competitive strategy, global launch strategy, product pricing and positioning, capital budgeting and real options, and cost-benefit analyses.

Paul Maleh, Executive Vice President, Head of Finance Platform, is head of CRA's Finance practice. He is an expert in the application of financial and economic theory to complex business matters. Mr. Maleh directs research for CRA projects that concern business valuation, securities litigation, breach of contract, bankruptcy, and general business damages. His experience in such work spans a wide range of industries, including telecommunications and high-tech, energy, computer hardware and software, pharmaceuticals, investment banking, retail, and sports and entertainment. In performing valuations of companies and securities, Mr. Maleh provides corporate clients with assistance on recapitalizations and restructurings, acquisitions and divestitures, and fairness opinions. In litigation contexts, his analysis covers such topics as cashflow estimates, "but for" revenue analyses, competing financial models, and estimates of appropriate discount rates. Likewise, in securities litigation, Mr. Maleh helps defend companies and accounting firms against Section 11 and Rule 10b-5 claims involving common stocks, preferred stocks, and convertible bonds. He critiques class certification, assesses materiality and causation, performs damages estimates, and assists in case discovery.

Dr. Coscelli is a Vice President at CRA International in London. He has worked on a variety of antitrust cases, including merger notifications under the EC Merger Regulation, market analyses for clients involved in Article 81 and Article 82 proceedings, and econometric studies of competition in a variety of industries. He has presented expert evidence to a number of antitrust and regulatory agencies, including the European Commission, the Office of Fair Trading, the Competition Commission in the U.K., the Italian Telecom and Media Regulator, and the Dutch Telecom and Media Regulator.

Dr. Anthony J. Barbera, Vice President, is a former principal of The Ballentine Barbera Group, LLC, and has more than 20 years of experience providing consulting services on a wide range of economic issues in both the government and private sectors. Since 1989, Dr. Barbera's primary practice has been in the economics of intercompany pricing. His specializations include detailed market analyses, cost-sharing agreements, intellectual property valuation, and product price analyses for numerous industries. Dr. Barbera has developed innovative transfer pricing ideas concerning trademarks and marketing intangibles that have proven useful and workable in a tax-planning context; and he has assisted several large U.S. companies implement these ideas.

Mr. Sacks is a vice president in CRA International's Finance practice. He provides expert testimony and expert consulting services, specializing in difficult economic issues involving data and document-intensive analysis. Mr. Sacks has been the lead consulting expert and directed research on securities matters, valuations, bankruptcies, breach of contract claims, lost profits claims, fraudulent conveyance matters, mergers and acquisitions, statistical analyses, and insurance disputes involving allegations of more than $75 billion in aggregate damages.

Dr. Cristina Caffarra, Vice President, joined CRA following CRA's acquisition of the Lexecon Ltd business in June 2005. She was a director of Lexecon Ltd since 1999. Dr. Caffarra has provided advice to clients on a range of competition issues, including merger control and several Article 81 and Article 82 investigations, as well as issues at the interface of competition and regulation, both before the European Commission and the competition authorities of numerous member states, including the U.K., Italy, Germany, the Netherlands, Sweden, Spain, Ireland, and South Africa.

Prior to joining CRA as a vice president in the Finance practice, Dr. Babbel was a senior financial economist in the Financial Sector Development Department of the World Bank. With dozens of articles and publications to his credit, along with a number of books and monographs, Dr. Babbel is an expert in the fields of finance, investments, risk management, insurance, pensions, and international business. His specialties within these fields are life insurance, annuities, asset/liability management, fixed income securities, and valuation. In addition, Dr. Babbel is currently a professor at the Wharton School at the University of Pennsylvania, having previously held a position at the Haas School in the University of California at Berkeley. During his more than 25-year career as an educator, Dr. Babbel has taught courses in finance, insurance, and risk management at the undergraduate, graduate, doctoral, and executive level. He has also been invited to speak before many conferences, conventions, and seminars, both in the United States and abroad.

Diana Jackson has advised clients on a wide variety of issues in a range of industries since becoming an economic consultant in 1998. She has particular experience in merger investigations, having worked on Andersen/Ernst & Young (France & Germany), GE/Honeywell, and Airtours/First Choice (both at the Commission stage and in the Court of First Instance appeal), as well as on cases before the UK Competition Commission (Centrica/Rough, Pan Fish/Marine Harvest) and the German Bundeskartellamt (BP/E.ON, Avery Dennison/Jackstadt). She has also worked on several cases in South Africa (Sasol/Engen, Altech/NamITech) and has appeared as an expert witness before the South African Competition Tribunal. This work has involved unilateral, coordinated, vertical and conglomerate effects, and 'failing firm' issues, and has covered a broad range of industrial sectors. She also has experience in nonmerger cases, including studies of the comparative efficiency of alternative payment schemes for music rights, and the economic effects of vertical restraints (such as exclusive distribution agreements).

Edward R. Bergstrom, Vice President, specializes in valuation, damages, and portfolio and accounting analysis issues for a number of industries, including telecommunications and media, high-technology, automobiles, consumer products, and insurance. Prior to joining CRA, Mr. Bergstrom was CFO and managing director of administration at FinEcon. In that capacity, he supervised research staff on cases involving mergers and acquisitions, valuation of telecommunications companies, the risk characteristics of investment portfolios, information technology, accounting and reporting issues, and valuation methodologies. Prior to FinEcon, Mr. Bergstrom served as CFO and MIS director at Forms Engineering Company.

Erik Westergaard joined CRA in late 2005. He has extensive experience providing advice on wholesale electricity market design and operation and the development and implementation of corporate strategies. His recent work has focused on wholesale electricity market issues in Alberta, and on commercial issues in British Columbia. Previously, he held commercial and consulting positions in both Canada and New Zealand, and has advised governments on energy policy and companies on corporate strategy and planning, risk management, and investment strategies, mainly in energy but also in telecommunications.

Greg Martin is a Vice President in CRA's Regulatory Economics and Public Policy Group, based in Canberra. He joined CRA in August 2005, after having been a senior consultant with ACIL Tasman since 1986. Mr. Martin is an industry analyst with a strong background in microeconomics, who provides analysis and advice on economic issues and policy for Australian corporate, industry, and government clients. In particular, he specializes in industry and policy analysis for manufacturing, the farm sector, and service industry clients. His consulting work has included projects on microeconomic reform; industry assistance; statutory marketing; R&D policy and evaluation; farm, fishing, and forestry policy; commodity outlooks; investment analysis; indirect taxation; defense; and energy. He has extensive experience in cost-benefit analysis and financial modeling, including project evaluation and micro (business-level) analysis. The major focus of his work has been promoting an efficient allocation of resources, especially through addressing impediments to market-based developments.

Ms. Curd, Vice President, is a former principal in The Ballentine Barbera Group, LLC, and has more than 12 years of experience in economic analysis and business valuations from a consulting and industry background. As head of the Bay Area Tranfer Pricing practice, working out of both the Pleasanton and Palo Alto offices, her areas of expertise within intercompany pricing include acquisition/integration planning, global compliance and planning, intellectual property valuation and migration, and audit support. Ms. Curd has played a significant role in successful intercompany pricing audits involving negotiations with the Canadian, French, Japanese, U.K., and U.S. taxing authorities. In addition to intercompany pricing analyses, Ms. Curd has experience in business valuations, economic value management, economic impact analyses, activity-based costing, and econometric modeling.

Gregory D. Adams, Vice President, is an expert in environmental economics, law and economics, and generalized applied microeconomics. He has provided expert analysis and testimony in a wide range of areas, including environmental and natural resources, agriculture, agribusiness, and the food industry. This testimony has included the subject areas of environmental damages (including property value diminution), antitrust, intellectual property, lost profits and earnings, and public policy analyses. Prior to joining CRA, Dr. Adams was a principal and managing director of the Environmental and Natural Resources practice at the Salt Lake City office of LECG/Navigant Consulting, Inc. He is an adjunct assistant professor in the Department of Economics at the University of Utah, where he teaches environmental economics and law and economics.

Henry Ergas, Vice President, has extensive international experience advising government bodies and major corporations in Australia, New Zealand and the European Union. Prior to joining CRA, he was the founder and Managing Director of the Network Economics Consulting Group (NECG) Pty Ltd. Having spent a decade as a microeconomist at the OECD, Mr. Ergas has a strong background in the analysis of issues involving efficient resource allocation. At the OECD, he headed the Secretary-General's Task Force on Structural Adjustment, which concentrated on improving the efficiency of government policies in a wide range of areas. As part of this work, he has examined the design of systems for allocating scarce resources in contexts that go from the allocation of R&D funds through to the design of congestion charging. His work on innovation policies, originally carried out at the OECD, has been influential in the design of R&D policies in a wide range of countries. Since leaving the OECD, Henry's work has focused on competition policy and regulatory economics. He has been closely involved in dealing with regulatory issues in a range of industries, including telecommunications, electricity, aviation, surface transport, and financial services. He served as Visiting Economic Adviser to the Trade Practices Commission (now the Australian Competition and Consumer Commission) and has subsequently been involved in a number of significant competition policy cases, providing expert statements and appearing as a witness in major access arbitrations and competition law proceedings. He chaired the Australian Intellectual Property and Competition Review Committee set up by the Australian Federal Government in 1999 to review Australia's intellectual property laws as they relate to competition policy. In July 2001, Mr. Ergas was appointed by the Attorney General of New Zealand as a lay member assisting the New Zealand High Court in cases involving appeals from decisions of the Commerce Commission and in other matters under the Commerce Act. In March 2004, he was appointed as a member of the Australian Centre of Regulatory Economics (ACORE) Advisory Group, which advises the Board on matters pertaining to regulatory activities. He is also Adjunct Professor of Economics at the National University of Singapore.

Jagdish C. Agarwal, Vice President, has more than 40 years of experience as a senior technical executive with CRA and, previously, with U.S. Steel, Kennecott Copper, and Amax. His wide range of experience includes acquisition and market analyses, technology management, waste management, environmental engineering, business strategy, new product and process development, patent assessment, coal conversion, gasification, and technical and economic feasibility assessments for the metals and materials, chemicals, and energy industries. Dr. Agarwal has provided expert testimony and support in several antidumping actions.

Jan Paul Acton, Vice President, is a recognized expert in the economics of electricity and other forms of energy, environmental economics, and telecommunications. Dr. Acton provides analysis, litigation support, and testimony for antitrust and competition analysis, restructuring and pricing matters, penalties and damages assessment, contract disputes, and cost allocation. Specific environmental experience includes cost and penalty analysis under Superfund, RCRA, and other statutes. Antitrust and competition analysis includes disputes over supply and pricing behavior in wholesale electricity markets as well as appropriate retail rates. His experience in the energy sector includes co-directing a large experiment with peak-load pricing in Los Angeles, which resulted in mandatory time-of-day electricity rates for large customers and optional rates for others, as well as studies of consumer demand for electricity and forecasts of electricity demand. He has testified frequently before regulatory and governmental bodies in the U.S. and Canada. He has published extensively in academic and other publications. Prior to joining CRA, he served as assistant director at the Congressional Budget Office and before that as senior economist at the RAND Corporation, where he directed the regulatory policies program and taught graduate microeconomics.

Mr. Cole has extensive experience in the valuation of intangible assets in support of IRS audits, documentation studies, and business reorganizations. His specializations include financial statement analysis and asset pricing, including the valuation of intangible assets. He is currently focusing on serving a small number of large clients where he typically provides broad and ongoing economic support related to valuation issues surrounding transfer pricing audits, documentation efforts, and planning strategies. Mr. Cole also advises clients on the value of intangible assets consistent with arm's length expectations during periods of significant restructure to their global operations. In this role, he has helped develop innovative strategies for valuing the rights, risks, and intangibles assets that often get transferred during these periods of transition. Examples range from estimating appropriate statutory royalties due to newly created intangible holding companies to valuing the economic risks that get allocated to newly created licensees of a company's trademarks.

Jill Weise, Vice President, is the east coast regional leader of BBG's Transfer Pricing team. Ms. Weise brings over a decade of transfer pricing experience to the firm. Throughout her career, she has worked with clients to provide comprehensive transfer pricing services, including documentation for penalty protection, planning analyses, global studies, APAs, controversy, state transfer pricing, cost sharing, intangible asset migration, FAS 109 calculations, section 404 controls assessment, and FSLI calculations to estimate ETI benefit. Ms. Weise has extensive industry experience, including high-tech, computer software, biotechnology, medical instrumentation, pharmaceuticals, chemicals, food and beverage, and automotive. Prior to joining CRA International, she was the director of a Big Four's regional Transfer Pricing practice. She frequently speaks at external events sponsored by law firms, professional associations, and educational organizations. In addition, Ms. Weise has published articles in academic and trade journals including Journal of Political Economy and World Finance and has been interviewed and featured by several publications, including the International Tax Review and Tax Business.

Jody K. Goldman has significant experience managing litigation, forensic accounting, and valuation engagements for a wide variety of clients. She has provided investigative accounting services to numerous clients, both publicly and privately held, in the retail, service, and manufacturing industries. Ms. Goldman has also assisted legal counsel in analyzing various financial and valuation issues in support of shareholder and contract disputes. Additionally, she performs and supervises business enterprise valuations of privately held companies for merger and acquisitions, purchase price allocations, corporate restructurings, employee stock ownership plans, noncompetition agreements, and litigation matters. Ms. Goldman has 17 years of financial advisory experience serving public and privately held companies. Some of the subjects that she has consulted on include business valuations, insolvency analyses, breach of contract, damages assessment, lost earnings, lost profits, trade secret and infringement matters, fraud and forensic investigation, and arbitration.

Dr. Hatch, Vice President, is a former senior manager in The Ballentine Barbera Group, LLC. with more than eight years of experience in transfer pricing. Dr. Hatch's areas of expertise include documentation, advance pricing agreements, the implementation and defense of cost-sharing arrangements, and intellectual property valuation. In addition to traditional transfer pricing analysis, Dr. Hatch has performed various types of valuations for multinational corporations, including enterprise valuations, the valuation of noncompete agreements, and the valuation of put and call options connected to joint venture agreements. Dr. Hatch has experience working in the biotechnology, medical devices, pharmaceutical, primary metals, telecommunications, and software industries.

John Zeitsch, Vice President recently joined CRA, bringing with him extensive experience in the development and application of performance measurement techniques and economic models both in Australia and overseas. He formerly was a director and principal at NECG, where he focused primarily on issues of benchmarking industry performance, analyzing industry regulation, and conducting financial and economic analysis of major infrastructure investments. He has undertaken influential benchmarking studies to assist numerous major organizations to measure their productivity and to assess the scope for efficiency improvements. Mr. Zeitsch's experience crosses many industries and includes assignments for private and government organizations in energy, transport, agriculture, postal, telecommunications, the performing arts, water utilities, and mining markets.

Jonathan D. Yellin, Vice President and General Counsel, has extensive experience in contract negotiations, asset purchase agreements, and complex acquisition issues. Prior to joining CRA, Mr. Yellin was a senior partner in the Insolvency and Restructuring practice at Riemer & Braunstein LLP, where he focused on complex in- and out-of-court restructurings and sales and acquisitions for numerous clients from a variety of industries. In 2002, Mr. Yellin represented CRA in its successful bid to acquire the North American, U.K., and Mexican Chemicals and Energy consulting practices of the then Arthur D. Little Corporation. Mr. Yellin also has significant going-concern operational experience as a court-appointed trustee to oversee the restructuring and successful reorganization/sale of several companies. He is Sub Committee Co-Chair of the Governance Committee for the Corporate and Securities Committee of the Association of Corporate Counsel, a member of the Boston Chapter of the Association for Corporate Growth, the past Chairman of the Bankruptcy Practice Group of the Business Council for the Massachusetts Bar Association, and a past member of the Board of Directors of the Turnaround Management Association of New England.

Mr. Steadman is a director in the London office of Lee & Allen, and has more than ten years of experience specializing in forensic accounting. He has acted on many complex fraud and expert witness assignments in a number of jurisdictions, particularly in Central and Eastern Europe. Beginning in 1999, he was appointed by the Secretary of State for Trade and Industry as an inspector in matters of insider dealing. He also worked for the Department of Trade and Industry, where he conducted and oversaw inquiries into limited companies for the Companies' Investigation Branch. He has provided assistance to the DTI, the City of London Police, the Serious Fraud Office, and the FSA. In addition, Mr. Steadman has acted as an accounting expert witness in civil and criminal matters and has given evidence on accounting matters in court and in international arbitration. He is an associate of the Institute of Chartered Accountants in England and Wales.

Mark Fidelman combines 20 years of experience working in the financial services industry with six years of transfer pricing consulting. Since 1999, Mr. Fidelman's primary practice has been in the economics of intercompany pricing to financial services firms. His specializations include reinsurance transfer pricing, allocation of income between locations involved in the trading of financial instruments, compensation to capital for company and loan guarantees, and establishing premiums for self-insurance transactions. He has also been involved in every phase of the Advanced Pricing Agreement process. Prior to joining The Ballentine Barbera Group, Mr. Fidelman was senior manager in the New York office of KPMG. His insurance and reinsurance work experience encompassed primary, facultative and treaty reinsurance underwriting, reinsurance broker and underwriting consulting, and treaty reinsurance account management. He holds the Chartered Property Casualty Underwriter and Associate of Reinsurance designations.

Mark P. Berkman, Vice President, specializes in the application of economics to environmental, energy, intellectual property, antitrust, labor, and public finance matters. He has assisted public and private clients in various economic disciplines, and has provided testimony before courts, regulatory bodies, and legislatures. His environmental work includes review of proposed air, water, solid waste, and safety regulations, as well as valuation of natural and water resources and property damages associated with pollution from superfund sites, landfills, and power plants. His energy work includes valuation of coal resources, power plants, and transmission rights-of-way. In addition, Dr. Berkman has assisted clients in a variety of industries, such as solid waste, computer manufacturing, and medical devices, in complex damage and liability cases involving patents, trade secrets, and trademarks. Prior to joining CRA, Dr. Berkman was a vice president at National Economic Research Associates, Inc., where he was responsible for directing projects in all of the areas noted above. Previously, he worked at the Congressional Budget Office preparing cost estimates of pending energy and science legislation, and conducting numerous policy studies.

Mark Tilden, Vice President, is in the Competition practice of CRA International, based in London. Previously, Mark was a director at LECG. Prior to that, Mark was the head of Gemini Consulting's global Financial Services practice, and, most recently, a member of Cap Gemini Ernst & Young's global Financial Services leadership team. He specializes in bringing strategic, economic, and financial analysis to his clients. During the course of his more than twenty-five year career, Mark has been involved in over 100 major assignments with financial services and other clients. These assignments typically involved complex economic and strategic analysis, often leading to significant changes in the client's strategy and operations. He has consulted with a variety of institutions on a wide range of issues, from strategy formulation to cost reduction to web-based business launches. Reaction to the changing regulatory regime has been a frequent subject of his work.

Martin Grazier is a vice president in CRA's Chemicals & Petroleum practice based in London. Mr. Grazier has considerable experience and achievement delivering successful business turnarounds in complex, strategic change programs within the oil & gas industries. He has specific expertise in generating the momentum for structural change in organizations and the consequent need for competitive repositioning. Mr. Grazier has recently advised an Upstream oil & gas client based in Asia on key aspects of a multi-billion-dollar cross border acquisition. He has also advised private equity clients working on large downstream marketing acquisitions. Prior to joining CRA, Mr. Grazier spent more than 20 years with the Royal Dutch Shell Group with leading roles in a number of global change programs, and in the Shell strategic consultancy where he worked on a wide range of strategy projects to improve and to reposition Shell's oil and gas businesses. Mr. Grazier also worked in general management and operational roles leading start-ups and developing new businesses in a number of oil markets in Asia, in the Middle East, and in the Americas.

Mr. Perry J. Urken specializes in the economic analysis of intercompany pricing and other taxation issues, including the valuation of intangible assets, IRS audits, cost-sharing arrangements, and global tax optimization strategies. Recently, Mr. Urken directed and managed a major study for a FORTUNE 100 consumer products company that identified the relative shares of profits attributable to trademark ownership and marketing functions based on economic analyses of trademark licensing arrangements between third parties. He has also performed economic analyses of trademarks and other intangible assets owned by firms in the construction, consumer products, pharmaceutical, and computer industries for the purposes of documenting the arm's length nature of intercompany royalty rates. Prior to joining CRA, Mr. Urken held a manager position with the Economic Consulting Services practice of KPMG, where he managed a number of transfer pricing and valuation engagements for multinational clients. Previous to this, he served as a staff economist with Economic Consulting Services, Inc., where he performed economic analyses used in transfer pricing studies performed for controversy and documentation purposes.

Dr. Malik is a vice president and regional director of the Middle East at CRA International. His consulting experience is in the areas of strategy; industrial, economic, and social sector policy; restructuring; performance improvement; and technology and innovation management. He has led high profile projects, including the industrial policy for the Kingdom of Bahrain, industrial strategy for the Kingdom of Saudi Arabia, economic transformation strategy for Puerto Rico, and the restructuring plan for the health and education systems of Pakistan. He has advised world leaders including the Crown Prince of Bahrain, the Minister of Industries of Bahrain, the President of Pakistan, the Minister for Privatization, the Minister for Human Development, and the government of Puerto Rico. He has served as the World Bank, European Commission and UNDP Consultant. Dr. Malik has previously served at Arthur D. Little and SRI International in senior positions. He served as the chief of staff of the President's task force for human development and as a core member of the task force for investments and privatization. He has repeatedly presented his perspectives to cabinet members and senators. Dr. Malik joined consulting after finishing a post-doctoral fellowship in health economics and medical decision-making. He has taught graduate level courses in business strategy and marketing and has multiple publications and professional presentations to his credit. He received his Ph.D., M.B.A., and M.S. from the University of Illinois. He received his Bachelor of Science degree in pharmacy from the University of the Punjab.

Paul Paterson, Vice President, joined CRA from NECG and has significant commercial and government experience in industry research, corporate strategies, and policy development, as well as senior executive experience in the telecommunications industry. Prior to joining NECG, Dr Paterson was with Telstra Corporation Ltd, where as Director, Regulatory, he held one of Australia's most influential regulatory positions. In this role, he managed all regulatory proceedings on behalf of Telstra, and was a key industry player in establishing and implementing the current competition regulatory framework for telecommunications in Australia. As a founding member and convener of the Regulated Industries Forum since 2003, Dr Paterson also has extensive insight into regulatory issues in the utilities and transport sectors. Prior to his appointment as Director Regulatory, Telstra, Dr Paterson was the Group Manager Competition, Regulatory and External Affairs, Telstra. He is on the Board of the Australian Communications Industry Forum and has authored numerous economic reports and publications since 1978.

Robert Alltop focuses on transfer pricing analyses and valuations for automotive industrial, pharmaceutical, and consumer product clients. His work has been conducted within the context of IRS audits; international, state, and local tax planning; intellectual property litigation; export tax credits; and other tax and business planning projects. Mr. Alltop has previous professional experience within the automotive, pharmaceutical, medical device, consumer products, equipment manufacturing, and financial services industries. He was a managing director in KPMG LLP's Global Transfer Pricing Services practice and a senior staff member at National Economic Research Associates in Washington, D.C. Prior to that, Mr. Alltop served as an economics and public policy intern at the Center for Governmental Research in Rochester, New York.

Bob Stillman specializes in the analysis of competition issues and in the quantification of damages. His work in the damages area includes estimating impact and damages in cartel cases as well as quantifying damages in commercial litigation. Based in London, a significant portion of Dr. Stillman's current caseload involves matters in South Africa.

Sanjay Bhatia, Vice President, has more than 13 years of worldwide petroleum industry experience. He has developed a deep expertise in upstream and midstream sectors of the petroleum industry, specializing in strategy, organizational development, and performance improvement. Mr. Bhatia has led an array of consulting assignments for several global energy leaders, including mega-majors, NOCs, and Independents. For a mega-major, he led a merger-related engagement in the areas of portfolio strategy definition, organizational design and implementation, and performance enhancement. Mr. Bhatia has assisted several clients in evaluating current course strategies vis-a-vis shareholder return performance and has outlined strategic opportunities for enhancing these returns. Further, he has evaluated portfolio performance against strategic objectives and has helped client develop actionable approaches to enhancing overall portfolio value. His expertise also lies in linking organization design and capabilities to enable implementation of newly developed strategies.

Stanley M. Besen, Vice President, is a nationally recognized expert in the economics of intellectual property rights, telecommunications policy, and telecommunications and computer standards. Dr. Besen's distinguished career in academia and as a senior government policymaker makes him one of the most knowledgeable experts in his field. He is the author of three books, has published extensively in professional journals, and frequently appears as an expert witness on intellectual property rights and telecommunications issues. In addition to teaching at Rice University, Columbia University, and Georgetown University Law Center, Dr. Besen was Brookings Economic Policy Fellow for the Office of Telecommunications Policy, Executive Office of the President, and Co-Director of the Network Inquiry Special Staff of the Federal Communications Commission. Prior to joining CRA, he was a Senior Economist at The RAND Corporation.

Stephen Beare specializes in quantitative economic analysis across a range of market, resource access, and investment issues. He has also worked extensively on property rights and options market design in natural resource management. His expertise covers microeconomics, optimal control, statistics, and robust approaches to risk management. Much of his work has focused on provided integrated scientific and economic advice on public policy issues. Dr. Beare has worked with government and industry in Australia in developing industry, land use, transport, and water policy. He has also advised on water policy issues in China. He published a large number of professional and general articles on problems ranging from econometric methods to the management of plant and animal diseases. Prior to joining CRA, Dr. Beare worked as the Chief Economist for The Australian Bureau of Agricultural and Resource Economics.

Dr. Stephen George is a Vice President of CRA International. He has more than 26 years of experience consulting to electric and gas utilities and regulatory agencies, and 30 years of experience in the energy field. His areas of expertise include electric industry restructuring, strategic and marketing planning, product and service design, market research, and energy demand modeling. He has extensive knowledge of the metering industry, the critical roles of metering and metering information in both traditional and restructured markets and the demand-response benefits of advanced metering. Steve has worked for electric utilities in four states on issues concerning innovative electricity pricing, including the design and evaluation of California's Statewide Pricing Pilot, the largest pricing experiment ever done in the US. He is currently advising the government in Victoria, Australia on the cost-effectiveness of implementing advanced metering and pricing reform. Steve has held previous positions as Vice President at PHB Hagler Bailly, Inc. (formerly Putnam, Hayes & Bartlett, Inc.), Director of Putnam, Hayes and Bartlett, Inc., and Vice President of XENERGY Inc.

Steven M. Taylor is a vice president in CRA International's Chemicals & Petroleum practice. Mr. Taylor is a management consulting executive with broad experience selling, designing, and leading results-focused organizational change programs for manufacturing, retail and services clients. His client projects focus on improving business performance and using supporting organizational, process, and systems changes to deliver financial and operational benefits. Working with organizations' leadership teams, Mr. Taylor develops programs to help companies achieve their vision and business imperatives. In 2004, Consulting Magazine named Mr. Taylor as one of the "Top 25 Most Influential Consultants." His clients include Fortune 500 companies (Huntsman Corporation, Celanese, Ethyl Corporation, RadioShack, UPS and AT&T), and smaller companies that aspired to improve their operational and financial performance, and his consulting projects have delivered several hundred million dollars of CFO-validated profit improvement, cost reduction, and cash flow improvement.

Tanya Bodell's consulting practice focuses on various aspects of the energy industry, including the effects of government regulation on profit opportunities, particularly in the areas of competitive markets and environmental policy. Her work in trading and risk management spans all energy-related commodities, including tradebook valuation, portfolio optimization, and regulatory compliance. Her work in electricity includes design and implementation of competitive wholesale and retail markets, as well as strategic advice to the participants in those markets. She has also been extensively involved in the analysis and determination of damages in liability cases pertaining to the energy industry, including breach of contract, product liability, fraudulent conveyance, and bankruptcy proceedings. In addition to her economic and policy coursework, Ms. Bodell has extensive training in applied statistics, including teaching statistics at the graduate school level. She previously worked at PHB Hagler Bailly, Inc. (formerly Putnam, Hayes & Bartlett, Inc.).

Dr. Ted Keen has 16 years of experience consulting on a wide range of economic issues in the United States and in Europe. For the past twelve years, he has specialized in developing innovative applications of economic theory to transfer pricing and valuation matters. Based in London since 1997, Dr. Keen has advised multinational clients on transfer pricing planning, compliance, audit defense, and alternative dispute resolution in numerous jurisdictions in Europe, Asia Pacific, and North America.

William Babcock, Vice President, has 25 years of experience in consulting and economic research for clients in the power and energy industries. His recent work has focused on helping his clients develop strategies for entering regional wholesale electricity markets and structuring their generation asset portfolios. During the last several years, Mr. Babcock has conducted more than 75 assignments to characterize regional electricity markets, value existing and new generation assets, value existing and new transmission capacity, and evaluate strategic options for clients. These in-depth analyses addressed generation assets and sites in every U.S. region as well as several Canadian provinces. Mr. Babcock has also supported various electricity market restructuring efforts in North America, analyzed potential market power in wholesale electricity markets, and forecasted natural gas and coal prices. Prior to rejoining CRA, Mr. Babcock was an officer of both PA Consulting Group and PHB Hagler Bailly.

Dr. William Bishop, Vice President, has 24 years of experience as an advisor to companies on antitrust matters. He has held academic posts at the London School of Economics, Oxford University, and at universities in Canada, Australia, and the United States. He is currently professor of the economics of competition law at the College of Europe in Bruges. He is also a (non-practicing) member of the English bar. Dr. Bishop has appeared as an expert witness before the courts of several European countries, before the European Commission, the Monopolies & Mergers Commission, and the Ways and Means Committee of the U.S. House of Representatives. He has conducted research and written economic analyses on more than 100 industries in the course of advising on litigation and on investigations by the OFT, the MMC, the European Commission, and national competition authorities. He has been an advisor to DGIV on its Market Definition Notice, on Quantitative Techniques and on Remedies, and to the DTI on the U.K. Competition Act.

Debbie Revill, Manager, has expertise in forensic accounting and has worked on a variety of fraud and criminal cases as well as numerous civil cases. In addition to this, she has been appointed by the Department of Trade and Industry under the Companies Act 1985 regarding confidential company investigations, and is an associate of the Institute of Chartered Accountants in England and Wales.

Gillian Fineston, Manager, specializes in litigation and forensic consulting. Her experience spans cases involving fraud, insurance, insider dealing, and lost profits. Prior to joining Lee & Allen, she worked for Bacon & Woodrow, where she gained experience within the actuarial and consultancy services. She is currently on secondment to the Serious Fraud Office (U.K. government body) managing the financial investigation of a multi-million-dollar high-yield investment program. In addition, she is an associate of the Institute of Chartered Accountants in England and Wales.

Shannon Tong is a manager with Lee & Allen Consulting Ltd., and joined the firm in 1997. Some of her most recent experience includes calculating the weighted average cost of capital of listed companies engaged in utilities and public transport for the Rating and Valuation department, assisting in a matter in connection with arbitration proceedings in relation to the alleged loss of profits suffered as a consequence of the termination of a China-based joint venture for the production of computer media, and assisting in a matter in connection with a criminal prosecution against an individual who was charged with conspiring to defraud an ex-employer. She is an associate of the Hong Kong Institute of Certified Public Accountants and a certified practicing accountant.

Astrid Jung, Associate Principal, specializes in industrial economics and econometric applications to competition analysis and antitrust. Dr. Jung has provided qualitative and quantitative analysis on various competition matters including merger effects, predation, price squeezes, exclusive contracts, price discrimination, and infrastructure sharing. Her consulting experience covers a range of industries such as telecommunication, meat production, air transportation, construction materials, and pharmaceuticals.

Bill Pearce is an associate principal in CRA's Intellectual Property practice in Houston. He specializes in business strategy, commercial litigation, finance and accounting, forensic accounting, healthcare, and mergers and acquisitions, with expertise in valuations, corporate finance, damages assessments, and patent infringement. Prior to joining CRA, Mr. Pearce was a senior manager at UHY Mann Frankfort Stein & Lipp Advisors, where he conducted business valuation matters for litigation and financial reporting purposes.

Brent Bersin is a principal in CRA International's Intellectual Property practice, and is based out of Houston. He has extensive experience providing financial, economic, and damage quantification consulting services to clients in the context of complex business disputes. He specializes in intellectual property matters including valuation, licensing, and damages calculations in intellectual property litigation. Additionally, Mr. Bersin's litigation support and consulting services have involved a range of industries, including telecommunications, semiconductors, software, healthcare, retail, manufacturing, banking, chemicals, insurance, pharmaceuticals, and energy, among others. Mr. Bersin is a certified public accountant.

Brent Reynolds is a consulting associate in the Intellectual Property practice of CRA's Houston office. Mr. Reynolds has experience in commercial litigation, damages, and healthcare, having expertise in professional malpractice, intellectual property, valuation, affirmative damages calculation, damages assessments and rebuttals, and patent infringement. Mr. Reynolds is a graduate of Texas A&M University and a level 2 candidate in the chartered financial analyst program.

Brian Huben, Senior Associate, has specialized in business valuations and the determination of economic damages in litigation matters. Mr. Huben's litigation support experience has included patent infringement, trade secret misappropriation, and large commercial disputes. He has worked with both plaintiffs and defendants in the analysis and determination of economic damages, including lost profits and reasonable royalties. Mr. Huben's experience with intellectual property matters has covered a wide variety of industries including telecommunications, semi-conductors, medical devices, video games, computer hardware, and electronic storage technology. His experience with large commercial disputes has also covered the chemicals, retail, clothing, financial services, and telecommunications industries. Mr. Huben has also assisted in reviewing the fairness of an estate valuation that included a substantial real estate portfolio.

Carol Klein is a consulting associate in CRA International's Transfer Pricing practice. Ms. Klein specializes in providing transfer pricing services to pharmaceutical and consumer products companies. Prior to joining CRA, Ms. Klein was a consulting associate at the Ballentine Barbera Group, and before that she was with the transfer pricing group at PriceWaterhouseCoopers LLP.

Cesar Borja is a consulting associate in CRA International's Transfer Pricing practice. Mr. Borja's responsibilities include providing economic, financial, and business consulting in the areas of transfer pricing and valuation. Prior to joining CRA, Mr. Borja was a consultant II at the Ballentine Barbera Group; he was also with the Corporate Executive Board. Mr. Borja is fluent in Spanish and English, as well as being conversational in Portuguese and French.

Charlie Ferrero is a senior associate in CRA's Chemicals and Petroleum practice in London. Since joining the firm, he has worked on a diverse set of projects, including supporting a supermajor oil company with fiscal terms negotiations, advising a major company on potential entry strategies to the Middle East, and executing a detailed macroeconomic study of potential manufacturing activities designed to stimulate employment and investment in a Middle Eastern country. Dr. Ferrero also has extensive experience in financial and fiscal modelling. Prior to joining CRA, Dr. Ferrero worked as a summer analyst in the Integrated Energy Group, Corporate Finance, at ABN Amro bank, where he was involved in a number of oil, gas, and refining merger and acquisitions projects. Dr. Ferrero also has experience working at Shell International, E&P, and at Mobil North Sea Ltd.

Dr. Donath is an associate principal at CRA (formerly Lexecon Ltd) and has extensive experience in applying quantitative techniques to economic litigation matters. His current projects include advising large multinational companies in the U.K. and Slovakia on acquisitions and estimating damages for several clients in Commission cartel investigations. In addition, while at Lexecon, Dr. Donath was involved in numerous cases, including abuse of a dominant position in a pharmaceutical industry, theoretical and numerical modeling of the impact of the merger on the likelihood of licensing, and a merger in the radio industry. Prior to joining Lexecon, Dr. Donath was a manager in Deloitte's Economic Consulting practice in Washington, D.C., where most of his work focused on the telecommunications and financial services industries. This, for example, included advising a Regional Bell Operating Company on a dispute over third-party billing fees, developing and estimating an economic damages model related to market timing allegations for several clients in the U.S. mutual fund industry, estimating damages in a breach of insurance contract in an asbestos-related dispute, and providing advice on a fair lending dispute over bias in automobile financing. Dr. Donath also has work experience in transfer pricing and is a native speaker of Czech.

David Burger, Head of CRA's Forensic Investigations practice, specializes in business and corporate investigations; having a particular expertise in fraud prevention, detection, and investigation. Mr. Burger has worked in the commercial sector for the past twenty-one years. In 1985, he was recruited from the police service after ten years service, predominately as a detective. He was a senior member of Network Security Management Limited; the leading London based counter fraud and investigative firm, from the mid-1980s. He became managing director of the Network Group responsible for its companies in London, New York, Berlin, Oslo, and Stockholm. His career followed and contributed to the development of commercially available resources to assist business and financial institutions in combating increasingly complex and sophisticated commercial and financial crime. For the past 15 years Mr. Burger has successfully managed major, often sensitive, projects on behalf of leading corporations, financial institutions, and overseas governments throughout the world, typically advising chief executives and legal counsel in the implementation of investigations and financial recovery strategies.

David Reitman is a principal in the Competition practice of CRA International, and is based in Washington, D.C. Dr. Reitman has extensive economic experience, working in academia at several universities, and with the Federal government. In addition, he has published several papers in notable economic journals. Prior to joining CRA, Dr. Reitman was an economist in the Antitrust Division of the U.S. Department of Justice.

Debra Caminiti is an associate principal in the Capital Projects practice of CRA's Boston office. Ms. Caminiti has more than twenty years' experience in the management of large-scale design and construction projects, and has worked on such projects as the construction of the Boston Convention & Exhibition Center, as well as numerous endeavors concerning Boston's Central Artery/Tunnel project. In addition, Ms. Caminiti has carried out projects involving improvements, renovations, and security enhancements at Boston's Logan International Airport. She has extensive experience supervising all aspects of project management services from the initial, environmental permitting process through the construction and final closeout. Her experience also includes expertise in both building and infrastructure construction.

Dr. Andy Baziliauskas is a specialist in industrial organization, microeconomics, and econometric analysis. Prior to joining CRA International, Dr. Baziliauskas was a managing economist at LECG LLC; he was also the coordinator of the Enforcement Economics division of the Canadian Competition Bureau. While at LECG, Dr. Baziliauskas provided expert economic advice and managed projects involving complex economic and econometric analysis.

Dr. Ian Small, Principal, is a specialist in the application of quantitative techniques to antitrust issues. Since joining Lexecon Ltd in 1999, he has worked on a wide range of competition cases in various jurisdictions. These include cases before the European Commission such as BP/E.ON, Tetra/Sidel, Air Liquide/BOC, TotalFina/Elf; before the UK competition authorities such as Asda/Safeway, H&H Celon/Marley, Nutreco/Hydro Seafood, Scottish Milk Enquiry and the Supermarket inquiry; before the Dutch competition authorities, such as Air Products/AGA Transfer; and before the German competition authorities such as BP/E.ON. He has also worked on a number of commercial litigation cases.

Dr. Thomas Buettner is an associate principal at CRA International. He has been working for CRA (formerly Lexecon Ltd) since 2001 and has extensive experience in a range of different antitrust issues, including merger and abuse of dominance cases before both the European Commission and national competition authorities. He has also worked on litigation matters. Previous clients include Deutsche Telekom, E.On (Powergen), Napier Brown Foods, a major iron ore producer, a German cable TV operator, and a major airports operator. He is an expert in competition economics, industrial organization more generally, and applied econometrics.

Edmund Wong, Associate Principal, provides advice mainly in relation to competition issues. Mr. Wong has significant experience and expertise in undertaking market definition, market power, and competitive effects analyses. This has been in the context of analyzing allegations of anticompetitive conduct, the competitive effects of mergers, and assessing the requirement for wholesale and retail regulation of utilities. These analyses have been carried out across a range of industries, including the aviation, telecommunications, electricity, recorded music, and sporting apparel industries.

Emma Lanigan joined CRA from NECG and specialises in analysing regulatory and competition issues, primarily in the telecommunications industry, and has advised clients in Australia, New Zealand, Europe, Asia, the Middle East and the Pacific Islands. In the eight years that she was with NECG (and its predecessor organisation, Ergas & Associates) Emma worked on a wide range of regulatory and competition projects covering: anticompetitive conduct assessment; retail and wholesale pricing strategy utilising economic models of strategic interaction; the establishment of regulatory compliance programs; regulatory policy analysis; cost modelling and the development of access prices; and the assessment of competitive effects of mergers and joint ventures. Industries other than telecommunications in which Emma has advised clients include airlines, rail and Pay TV.

Fiorenzo Bovenzi is a senior associate in the Competition practice at CRA International. He has experience in the areas of economic regulation, modeling, competition policy, and damage estimation in the energy industry. Prior to joining CRA, Mr. Bovenzi spent two years with NERA Economic Consulting in London, where he worked on a wide range of projects in the electricity and gas sectors. Major projects included a comparative study of electricity markets in twenty jurisdictions, an econometric assessment of the potential benefits of fuel diversity in Northern Ireland, and a study into the effects on Northern Ireland of the new arrangements in the electricity market of the Republic of Ireland. At NERA, Mr. Bovenzi also contributed to a simulation of how competitive electricity markets work in several countries (including the Netherlands, Spain, Bulgaria, and Singapore) using game-theoretical models. He also worked on other projects in the areas of competition policy and public policy. In 2002, Mr. Bovenzi completed a two-year master's program in economics and finance at Centro de Estudios Monetarios y Financieros (CEMFI) in Madrid, Spain, where his thesis dealt with the Spanish electricity market.

Professor Flavio Menezes joined the University of Queensland in June 2006 as Chair of Economics after more than a decade at the Australian National University, where his many responsibilities included the position of Foundation Director of the Australian Centre of Regulatory Economics. He has published widely in the economics of information and uncertainty and is regarded as Australasia's leading auction expert. He has extensive teaching experience in the areas of game theory, industrial organization, regulatory economics, and in the theory of incentives. He has presented at seminars and delivered lectures in the Americas, Europe, and in the Asia Pacific region, and has lectured to both academic audiences and practitioners. His international consulting experience includes serving as the main advisor on the determination of a privatization model for utilities, providing advice on electricity regulatory reform, and reviewing government procurement practices. Consulting experiences in Australia include advising the Australian Competition and Consumer Commission (ACCC) on the application of auction theory to regulatory environments and providing economic advice to various organizations on mergers and competition policy cases and regulatory issues in defense, energy, health, transport, and telecommunications. Professor Menezes was formerly a part-time vice president with the Regulatory Economics and Public Policy practice at CRA International in Canberra. He currently retains an informal relationship with CRA as a senior consultant working on various projects on an ad-hoc basis.

Dr. Geoff Edwards is a principal with extensive experience in competition and regulatory issues both as an economist and as a lawyer, and particular expertise advising clients in the telecommunications sector. Prior to joining CRA (formerly Lexecon Ltd) in October 2004, Dr. Edwards worked as an economic analyst in the telecommunications branch of Australia's competition and utilities regulator (the ACCC), and then as a competition lawyer at a major Australian law firm, advising Australia's incumbent telecommunications operator (Telstra) on competition and regulatory matters (including investigations of alleged abuses of market power and negotiations and arbitrations concerning access and interconnection pricing for fixed and mobile services). He has published numerous papers and presented to many forums on issues in competition and regulatory policy, including abuse of market power and predatory pricing, and has been cited with approval by the Federal and High Courts of Australia. His most recent academic writings have concerned the political economy of telecommunications regulation.

Geoffrey Ho is a consulting associate in CRA's Chemicals and Petroleum practice, based in London. He has worked on behalf of numerous energy companies worldwide, particularly in the Middle East region, and has participated in a number of major assignments. Mr. Ho's experience includes working for BP and for various NOCs.

Gopal Das Varma has extensive research and teaching experience in theoretical and empirical industrial organization. While on the faculty at Duke University's Fuqua School of Business, he has taught M.B.A. courses on imperfect competition, law and economics, and game theory, involving topics such as monopolization, market entry, horizontal and vertical mergers, tacit collusion, signaling, vertical restraints, tying arrangements, hold-up, contracts, auctions and price discrimination. While teaching, he has written, or led discussions of, cases drawn from such diverse industries as express mail, motion pictures, video rentals, beer, cosmetics, pet food, electronic equipment, photographic materials, and industrial supplies. As a graduate student at Northwestern University, he has taught undergraduate courses on statistics, applied econometrics, and microeconomics. In addition to his research on the theory of auctions and markets, he has analyzed data from the U.S. Forest Service's auction of timber harvesting rights and the U.S. Department of Interior's auction of offshore oil and natural gas. His research has been published in such leading journals as The RAND Journal of Economics and the International Journal of Industrial Organization. His expert opinion as a referee is regularly sought by the leading journals in economics and management, including Econometrica, Journal of Economic Theory, Journal of Law, Economics and Organization, Journal of Industrial Economics, Journal of Economics & Management Strategy, Management Science, and The Energy Journal. He has given invited talks at universities like Harvard, Northwestern, Wisconsin-Madison, Vanderbilt, Toronto, and British Columbia, and at prominent conferences like the Econometric Society World Congress and annual conferences hosted by the Center for the Study of Industrial Organization.

Dr. Hugh Wills is a principal with CRA (formerly Lexecon Ltd). Prior to joining the firm, Dr. Wills was a lecturer in economics at Sussex University and the London School of Economics from 1977 to 2000 and a visiting faculty member at the Australian National University and the University of California. At the LSE he taught microeconomics, industrial economics (including regulation and competition law) and econometrics (theoretical and applied). He has published on industrial economics and regulation, pricing in the computer industry, and theoretical econometrics. Both before and since joining CRA (formerly Lexecon Ltd) in 2000 he has advised on a number of cases before the OFT and MMC and the European Commission.

Ian Bodley, a senior associate in CRA's Regulatory Economics practice, has experience in economic issues related to the energy and utilities sector. He has worked on number of transfer pricing, asset valuation, and market viability assessment issues for clients, including large power marketers, merchants, and generators. Mr. Bodley has also provided extensive economic litigation support regarding major energy supply contracts in both the United States and Canada.

Jennifer Kordell is the CFO of Pathfinder Care Management/Rent A Daughter and is the daughter of the late Shelley Joseph-Kordell, founder of Estates in Transition/Rent A Daughter . She has an undergraduate degree in economics and a masters in business. Her work experience includes a position as Associate Principal for Charles River Associates, an economics consultancy, where she focused on finance and business strategy. She joined Estates in Transition as an advisor in 1996, and in her current role as CFO at Pathfinder Care Management/"Rent A Daughter " she oversees the company's financial and strategic planning.

Jennifer Monaghan, Senior Associate, is part of CRA International's Transfer Pricing practice. Ms. Monaghan joined CRA from PricewaterhouseCoopers LLP, where she was a transfer pricing manager; Ms. Monaghan has over six years of transfer pricing experience, specializing in section 482 documentation studies and transfer pricing planning. She has worked with clients in numerous industries, such as pharmaceutical, semiconductor, chemical, and transportation.

Jenny Haydock is a senior associate in CRA's London office and is working toward her D.Phil. in economics at Nuffield College, at the University of Oxford. During her time at Oxford, Ms. Haydock completed a summer internship at Law and Business Economics, a firm that consults on competition policy issues, where she experienced many aspects of consultancy work and was involved in a number of different cases. She also taught microeconomics to postgraduate students and was a marker for M.Phil. students' work.

Jeremy Hornby, Principal, specializes in applying economics to regulatory issues in the utilities sector and to health care. Mr. Hornby has significant experience analyzing the incentives and efficiency consequences of regulatory arrangements, with more than five years of consulting experience and previous roles for economic regulators in the United Kingdom and in Australia. He has worked on a wide range of issues, including analysis of the efficiency properties of various systems of regulatory access and advice on business negotiation strategy and policy development.