Prior to establishing BLS Investments in March 2006, Mr. Schwartz served for 34 years as chairman of the board and chief executive officer of Loral Space & Communications and its predecessor company, Loral Corporation. In 1972, Mr. Schwartz took the helm at Loral which became, under his leadership, a Fortune 200 designer and manufacturer of advanced, state-of-the-art systems, hardware and systems integration for the defense and aerospace industries. Through its successful strategy of acquisition and internal development, the company achieved extraordinary growth, posting 96 consecutive quarters of increased earnings from 1972 to 1996. Over that period, Loral made more than 40 acquisitions and its market value rose from $7.5 million to $15 billion. At its height, the company employed more than 30,000 employees in numerous countries around the world. In 1996, Mr. Schwartz directed the divestment of Loral's defense businesses and formed Loral Space & Communications, one of the world's largest satellite manufacturing and satellite services companies. In connection with this transaction, Loral collectively paid a dividend to its shareholders of more than $9 billion, primarily in cash and the balance in stock of the new Loral Space & Communications. In addition, Bernard Schwartz personally established a fund of more than $18 million for distribution to employees of Loral to mitigate any negative effects on those employees from the sale of Loral's defense businesses.

In recognition of his achievements and extensive experience in industry and global finance, Mr. Schwartz is often called upon to express his views or provide counsel on matters ranging from U.S. economic growth and competitiveness to technology and infrastructure investment. At a number of institutions, he has initiated programs that rigorously examine current U.S. economic performance, in the process challenging current orthodoxy to arrive at innovative policy proposals that will further U.S. economic and technological preeminence. The programs employ lectures, position papers, conferences and debates, and tap the expertise of leading economists, business people and policy makers. The policy proposals that emerge from these programs are broadly distributed to government officials, members of Congress, educators, researchers, the media and the general public.

• New School University, New York City: Schwartz Center for Economic Policy Analysis and a Chair in Economics and Policy. The Center is the University's economic policy research arm, focusing on economic growth, employment and inequality. Mr. Schwartz serves as vice chairman of the board of trustees of New School University and also has established a matching grant merit scholarship fund at the New School's Lang College.



• Paul H. Nitze School of Advanced International Studies (SAIS) at Johns Hopkins University, Washington, DC: Bernard Schwartz Globalization Initiative and Forum on Constructive Capitalism, a high-level lecture and symposia series that looks at the consequences of globalization for social prosperity and harmony. Mr. Schwartz also has established the Bernard Schwartz Chair in Political Economy, held by Dr. Francis Fukayama, and serves on the SAIS Advisory Council.



• New America Foundation, an independent, non-partisan public policy institute based in Washington, DC: Established the Bernard L. Schwartz Fellowship Program, which provides economic, professional and intellectual support to leading voices in the national policy debate.. Mr. Schwartz also serves on its Board of Directors.



• Council on Foreign Relations: Established the Senior Fellowship in Business and Foreign Policy, which focuses on the global integration of financial markets and their significance for U.S. economic and foreign policy. In addition, the accompanying lecture series addresses the relationship between business and government in making and improving foreign policy. Mr. Schwartz also serves as a member of the Council.



• The Brookings Institution, Washington, DC: Formed the Bernard L. Schwartz Forum on U.S. Competitiveness, which brings together business executives, government officials, entrepreneurs, policy makers, labor leaders and academics to explore solutions to the challenge of keeping the U.S. competitive. In relation to the Forum, Mr. Schwartz also established a Chair in International Economics.



• Tel Aviv University, Israel: Established the program and Chair for the Study of Global Competitive Markets, which promotes research and debate on a free marketplace, economic and political issues. Mr. Schwartz also has established a Chair and Program in Information Nanotechnology that conducts leading-edge research in micro- and nanotechnology.



• Baruch College, New York City: Communication Institute. Serves as a Trustee of the Baruch College Fund.

Mr. Schwartz serves as a trustee of New York University Hospitals Center, and in 2006, established the Hospital's Center for Biomedical Imaging. In 2004, he established the Neurointerventional Radiology Center at NYU's Tisch Hospital. Since 1986, Mr. Schwartz has supported a humanistic medicine program at NYU established in his name and, more recently, helped to found the NYU Urological Research Foundation.

In addition, Mr. Schwartz funds a distinguished chair in urologic oncology at the Johns Hopkins School of Medicine.