Ted W. Hall

Ted Hall (March 2007)Ted Hall is an entrepreneur and business leader with deep operating and consulting experience in professional services, financial services, natural resources and technology-related businesses. A leading thinker on microeconomics and business, he has spoken and written in many forums on the nature of the evolving global economy.

Mr. Hall is general partner of Long Meadow Ranch, an innovative diversified organic farm in the Napa Valley producing grapes, olives, vegetables, eggs, and Highland beef. And, Mr. Hall is president of the related Long Meadow Ranch Winery, producing ultra premium wine and extra virgin olive oil.

Hall serves as a director of Dolby Laboratories, Inc (NYSE: DLB), a leading provider of technology to the global entertainment industry; as a director of Williams-Sonoma, Inc. (NYSE:WSM), the leading home furnishings specialty retailer in the United States; and as a director of Peet’s Coffee & Tea, Inc. (NASD: PEET), the premier specialty coffee and tea company in the United States. In addition, he is managing director of Mayacamas Associates, which provides strategic advice to selected clients.

Hall is the former chairman of the board of The Robert Mondavi Corporation, a global producer of fine wines. During his tenure as chairman, the equity value of the company increased by 60 percent to more than $1 billion. Following a strategic review led by Hall in 2004, the company successfully merged with Constellation Brands to create the world's largest wine producer. Hall also served as the chairman of Tambourine, Inc., a specialty music production and distribution company, from 1998 to 2007.

Previously, as a leader and operating manager in the leading global consulting firm of McKinsey & Company, Mr. Hall served as the managing partner of the San Francisco Office before assuming significant worldwide responsibilities for the firm.

Sharing worldwide leadership with the firm's managing director, he had direct responsibility for guiding all of the clientele and functional sectors in fulfillment of their client service roles. In that capacity he also had responsibility for one of the world's largest research and development activities directed toward business and management issues. At the same time, he held firm-wide responsibility for internal and external communications, knowledge building infrastructure, and professional development.

Later, Mr. Hall was responsible for the firm's own strategy and held oversight responsibility for the firm's activities in the emerging markets.

For twelve years he served as an elected member of the Shareholders Committee, which is McKinsey's board of directors.

As a consultant, Mr. Hall has more than 25 years of experience in both the private and public sectors, working with chief executives and boards of directors of Fortune 50-size companies around the world in the areas of strategy and organization. His experience has resulted in frequent involvement in issues of global competition and has included many different industries, including financial services, healthcare, computer hardware and software, and natural resources.

He has been involved in numerous restructurings and mergers, including several of the world's largest at the time. He also has extensive experience in Asia, especially in China, where he helped open the firm's practice.

As a leader in McKinsey's knowledge-building efforts, Mr. Hall has contributed to the firm's innovations in the practical application of classical microeconomics to corporate and business unit strategies. As a co-founder, and later chairman, of the McKinsey Global Institute, he was actively involved in MGI's studies of the world's major developed and developing economies. He has deep experience in exploring the microeconomic causes of productivity growth.

He has been a speaker on financial and economic topics at the annual World Economic Forum in Davos, Switzerland and at the State of the World Forum, the Commission on Globalization, and other similar venues.

Elected a principal in 1978 and a director in 1983, Mr. Hall was at the time McKinsey's youngest junior, and then senior, partner. During his 27-year career his professional accomplishments have been acknowledged in a wide variety of forums and publications.

Mr. Hall holds a BSE degree in electrical engineering from Princeton University and an MBA degree from Stanford University Graduate School of Business. He has served on the boards of directors of a wide range of educational and civic organizations, including the Foundation for Teaching Economics, Stanford Graduate School of Business, SFJAZZ, and the San Francisco Symphony.

An avid sailor, Mr. Hall has sailed competitively in numerous ocean and inland events on the West Coast. He defended major match racing trophies on behalf of the St. Francis Yacht Club with his yacht, Frequent Flyer, and he skippered his own boat to a second place divisional finish in the 1987 Transpac Race from Long Beach to Honolulu. He currently owns and races the classic 58-foot wooden cutter, Bright Star. He is a member of the St. Francis Yacht Club, the Transpacific Yacht Club, and the Master Mariners Association. He is also a member of the Olympic Club.

A former professional trombonist, Mr. Hall has pursued his musical interests throughout his career. In 1977, he co-founded and led a 17-piece big band in San Francisco, known as the Midnight Rounds. In 1993, he co-founded the independent jazz record label, Monarch Records, which became part of Tambourine, Inc., in 1999. Acknowledged for records he creatively produced, Mr. Hall is a voting member of the National Academy of Recording Arts and Sciences and a member of the Bohemian Club. Mr. Hall's most recent accomplishments include collaborating with Dmitri Matheny in the composition of the New Millennium Mass, a complete liturgical work of 17 movements for choir, brass, percussion, and vocal soloist.

Born in Beaver Falls, Pennsylvania, where he lived on a small farm in nearby Potter Township, Mr. Hall and his wife, Laddie, now live at Long Meadow Ranch in the Napa Valley where they also breed Appaloosa and Pony of America horses. Active in the local community, Mrs. Hall serves on the board of the St. Helena Farmers Market and Mr. Hall is the chair of the Agricultural Education Advisory Committee for the St. Helena School District.

Mr. Hall is a member of the Board of Visitors and Fellows of the Department of Viticulture & Enology at the University of California at Davis. He is also a director of the American Highland Cattle Association, president of the Highland Cattle Foundation, and an advisory board member of the Land Trust of Napa County.

Selected Bibliography:
Ted Hall and Aly Jeddy, Missing Rungs, Veiled Threat,
Foundation for Teaching Economics, February 9, 2007
Liberalizing and re-centering labor markets are essential to reducing ethnic tensions in Europe.

Ted Hall, Dollarize the UK,
Wall Street Journal Editorial Page, April 11, 2006
The U.K. government has an alternative to joining the Euro currency area which could bring significant benefits to the economy.

Ted Hall, et. al., A Revolution in Interaction,
McKinsey Quarterly 1997 Number 1
Study of interactions reveals how pervasive they are. As they increase in number, answers to fundamental questions about integration, scale, and scope will change. But what will happen when workers can carry out their jobs in half the time?

Ted Hall, et. al., The Productivity of Healthcare Systems
McKinsey Quarterly 1996 Number 4
Doctors and hospitals respond predictably and consistently to their economic incentives. As a result, there are wide variations in how patients get treated in the US, Germany, and the UK.

Ted Hall, The Enemy is the Mindset,
McKinsey Quarterly, 1995 Number 3
Headlines focus us on trade of manufactured goods. The reality of the global economy: local production of locally consumed services. Transferring best management practices would raise standards of living by 25 percent.