Susan Phillips has had a long and distinguished career in academia and the government. The futures industry knows her best from her time at the Commodity Futures Trading Commission, where she served as a commissioner from 1981 to 1983 and then chairman from 1983 to 1987. She gave the agency a more international orientation and put it in a better position to deal with the great expansion of European and Asian futures trading in the 1990s. She was named to the Federal Reserve Board of Governors in 1991 and became the Board’s principal spokesperson on matters relating to financial institutions. In 1998 she returned to academia as the dean of the George Washington University School of Business and Public Management.