Elizabeth Bailey

Elizabeth Ellery Bailey (born 1938) is an American economist. She is the John C. Hower Professor of Business and Public Policy, at The Wharton School of the University of Pennsylvania and has been Director of Altria since 1989.

Biography

Bailey received her bachelor's degree from the Radcliffe College and her Ph.D. from Princeton University, where she was the first woman to receive a doctoral degree in economics. Bailey was named the first woman to head a department (the economic research section) at Bell Laboratories. Bailey worked in technical programming at Bell Laboratories from 1960 to 1972, before transferring to the economic research section from 1972 to 1977.

In 1977, President Jimmy Carter named Bailey the first woman Civil Aeronautics Board Commissioner. In 1981, she was named the first woman vice chairman of the agency by President Ronald Reagan. Between 1977 and 1983 she served on the Civil Aeronautics Board, where she oversaw the deregulation of the airline industry. From 1983 to 1990, she was Dean of the Graduate School of Industrial Administration of Carnegie Mellon University. Bailey became the first woman dean to head a Top 10 graduate school with this appointment.