David Lockwood teaches courses in corporate governance and investments, using real-world situations and first-hand knowledge to give his students an inside take on managerial economics. He draws upon his experience as the CEO of two publicly-traded technology company turnarounds to highlight the ramifications of both good and bad corporate governance practices. His tenure as the portfolio manager of an activist hedge fund provides perspective on the interaction among governance policies, investment strategies and financial markets.

David Lockwood is a founder and Managing Partner of ValueAct SmallCap. Prior to ValueAct, Mr. Lockwood was Chairman and CEO of Liberate Technologies, where he led the successful turnaround of the company as one of its largest shareholders. In 2005, Liberate sold substantially all the assets of the firm to a group of investors lead by Comcast.

Before Liberate Technologies, Mr. Lockwood was CEO and a significant shareholder of Intertrust. At Intertrust, Mr. Lockwood drove the restructuring of the business and formulation of a new business strategy. In 2003, Intertrust was acquired by a joint venture established by Sony and Philips.

Prior to Liberate and Intertrust, Mr. Lockwood held a number of positions in the financial services industry, including Managing Director at Goldman Sachs, where he had extensive investing, portfolio management, and trading experience in equity securities, convertible bonds and derivatives. Mr. Lockwood also had management responsibility for several principal and customer trading businesses. Prior to Goldman Sachs, Mr. Lockwood worked in the Equity Division of Smith Barney.

David Lockwood has a BA, magna cum laude, from Miami University (Ohio), and an MBA from the University of Chicago Booth School of Business (formerly known as the University of Chicago Graduate School of Business), where he was a Peat Marwick Scholar.