Dr. John S. Hoffmire
The Director of the Center on Business and Poverty is Dr. John S. Hoffmire, who has had a twenty-year career in equity investing, venture capital, consulting and investment banking. Dr. Hoffmire's research and work have had a particular focus on employee stock ownership plans (ESOP). As founder and CEO of his own investment banking firm, Dr. Hoffmire helped employees buy and manage approximately $2 billion worth of ESOP stock. He sold his firm to American Capital, which then went public. Dr. Hoffmire left American Capital as Senior Investment Officer when the company reached $1 billion in assets. Dr. Hoffmire was Vice President at Ampersand Ventures, formerly Paine Webber's private equity group. After he finished his Ph.D. at Stanford University, Dr. Hoffmire was a consultant at Bain and Company.