Trevor Harris
- Arthur J. Samberg Professor Emeritus of Professional Practice
- Accounting Division
- Areas of Expertise
- Financial Accounting & Auditing
- Contact
- Office: 333 Kravis
- Phone: (212) 8511802
- E-mail: [email protected]
Professor Harris' research and practical experience has covered most areas of the use of accounting information for valuation, investment and management decisions, with a particular focus on global aspects and financial institutions.
He originally joined the Columbia Business School faculty in 1983, and was the Jerome A. Chazen Professor of International Business, Director of the Chazen Institute of International Business and Chair of the Accounting Department, prior to joining Morgan Stanley as a Managing Director and Head of the Global Valuation and Accounting Team in 2000. He rejoined the faculty of Columbia Business School in July 2008 and was appointed as The Arthur J. Samberg Professor of Professional Practice. He was co-Director of Columbia's Center for Excellence in Accounting and Security Analysis, which he founded.
He has taught core and elective courses and created three new courses at the business school. He was a President’s Teaching Award Finalist in 1997, 2011 and 2013, the recipient of the Margaret Chandler Award for Commitment to Excellence in teaching EMBA class of 1998, 2001, 2011, 2019 and 2020, the Dean’s Award for Innovation in the Curriculum in 2011, the Chazen Institute Prize for Innovation in Teaching, 1996, and the Singhvi Prize for Excellence in Teaching, 1985. He also was a visiting associate Professor at University of Chicago in 1987-88. He has published widely on valuation and accounting issues, in both academic and practitioner journals, and has written many cases for classroom use.
Through September 2008, Professor Harris was a Managing Director and Vice Chairman at Morgan Stanley, working on special projects for Firm Management in all business areas. He was a Senior Advisor to Morgan Stanley from 2008 - 2010. In his time in Equity Research he was the primary author of the Apples-to-Apples research series focusing on global sector valuations and earnings quality issues, and led the creation and initial development of Morgan Stanley's ModelWare project and its Risk-Reward valuation application, that is still used in its published research and has become common practice in sell side research across Wall Street. He wrote extensively on earnings quality, company-specific investment ideas and global pension and retiree benefit issues.
In 2002 he was named to Institutional Investor’s All American Research Team and in 2003 to Wall Street Journal’s SmartMoney Power 30 (the most influential people on Wall Street). He also worked with corporate and investor clients on disclosure and valuation issues, and capital raising situations. Working with senior management, he was responsible for developing strategic solutions including running global strategy offsites, and enhancing the management information systems of the firm. He also co-led a team that developed an innovative personal planning tool for retail clients.
He was a member of the Investors Advisory Committee and of the Users' Advisory Council to the Financial Accounting Standards Board. He has also served on the Office of Financial Research’s Research Advisory Committee, on the Standards Advisory Council to the International Accounting Standards Board, and as a member of the International Capital Markets Advisory Committee at the New York Stock Exchange until its dissolution. He is a board member of a FDIC registered U.S. bank and several early-stage companies and served on the board of a NASDAQ listed medical device company and on the investment committee of a charity’s foundation.
Professor Harris has also provided advice on equity research, international accounting (including foreign exchange impacts), controllership, performance measurement, valuation and investor relations issues to many large banks, international corporations, organizations and senior executives.
- Education
-
BComm (Hons.), University of Cape Town, 1976; MComm, 1980; PhD, University of Washington, 1983.
- Joined CBS
- 1983
All Activities
New Metric Makes it Possible to Identify Banks’ Expected Losses Using Public Documents
- Case ID
- 112102
What, When, How? A Revenue Mystery
Given GM's use of incentives, how should GM report sales so that the data is a valid indication of performance and can be used to accurately forecast future sales?
- Case ID
- 112101
General Motors Capital Structure and the Costs of Financial Distress
What was apparent from GM's capital structure and liquidity prior to GM's declaration of bankruptcy in 2009 that indicated that the company was heading down this path?
- Case ID
- 112103
Relevant Costs for Making Production Decisions: Was General Motors Making the Correct Choice in Producing High Volumes of Autos?
Did GM's management make the wrong business decision in producing the cars they did?
- Case ID
- 112108
Does Size Matter? GM Management's Mandate to Decide
In the political and economic climate of 2003, should GM design and produce small cars or SUVs?
- Case ID
- 112107
GM Brands: Too much of a Good Thing?
How should GM revise its multiple brand strategy and refine its portfolio?
- Case ID
- 112106
GM Strategy, Scope, and the Question of Captive Finance for the New General Motors
Should GM structure its financial services operations as a wholly controlled subsidiary or adapt an arm's length relationship?
- Case ID
- 112104
Did General Motors Produce to Match Demand?
What does the analysis of the data for the Chevy Cavalier suggest about how well management aligns production and sales?
- Case ID
- 112105
Lean Operations: From Efficiency to Profit
What are the potential implications of broadly implementing the Toyota Production System for GM's production strategy and profitability?
- Case ID
- 80106
Frequent Flyer
How should an airline account for the "invisible" revenue generated by its frequent-flyer plan?
- Case ID
- 80105
Coca-Cola
How should a soda maker and its bottlers account for a program that subsidizes the bottlers' purchases of vending machines?
- Case ID
- 80107
Priceline.com
Which part of transactions handled by an Internet middleman should be considered its own revenue?