According to Michigan's Dana Muir, saving for retirement goes beyond mere financial planning for individual workers. There are macro affects that deserve consideration. Her stance on retirement savings plans as a driver of the economy has caught the attention of not one, but two U.S. Presidents: George H.W. Bush and George W. Bush.
The George H.W. administration sought Muir out to serve on the Pension Benefit Guarantee advisory committee. "That's always a fun phone call to get," Muir says as she remembers being contacted by the White House for the first time. "I remember the voicemail quite well: 'This is White House personnel, please call us back,'" was all she heard on the other end as she listened to her messages that day. After accepting the offer and serving for three years, Muir was again called to duty to serve on the same committee, this time by George W. Bush.
Muir's interest in retirement planning goes back to the 1980s, when she worked for the Chrysler Corporation. Working in the company's human resources department, Muir says she realized how important retirement planning was, not only for the financial security of Chrysler's employees, but as a key component of the national economy.
"You have trillions of dollars that go into these plans every year. Where does it all go?" Muir headed to law school with hopes of putting her stamp on policy issues related to retirement planning. After finishing her degree and a brief period practicing law, Muir headed to B-school to teach.
"I am very lucky to be able to work with MBAs. It allows me to merge my interests in economy and legal issues and to gain the perspectives and thoughts of talented students."
This highly diverse cohort of star teachers work in virtually every discipline.
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