Robert A. Olstein is the Chairman, Chief Executive Officer and Chief Investment Officer of Olstein Capital Management & The Olstein Funds. He has long been recognized as one of the financial community’s most astute and original research analysts and money managers, and is a leading expert on forensic accounting. In 1995, he founded Olstein Capital Management and the Olstein All Cap Value Fund. In 1971, Olstein and partner Thornton O’Glove founded The Quality of Earnings Report, a pioneering research service for institutional and professional investors that employed forensic analysis of financial statements and footnotes to alert institutional investors to deviations between a company’s reported earnings and its economic reality. In the early 1980’s, Olstein became an investment advisor, applying the Quality of Earnings philosophy as Senior Portfolio Manager/Senior Vice President at Smith Barney where he managed discretionary accounts for individual and institutional investors. Prior to founding The Quality of Earnings Report, Olstein was a Securities Analyst with Scheinman, Hochstein & Trotta and was employed at Arthur Andersen & Co. Robert Olstein is a member of the CFA Institute and the New York Society of Security Analysts and has contributed to, or authored, numerous articles on corporate reporting and disclosure practices in The Wall Street Journal, Business Week, The New York Times, and Barron’s. He is a past recipient of the Financial Analysts Federation (now CFA Institute) Graham & Dodd Scroll Award (1973), which he received, “in recognition of an outstanding feature article published in the Financial Analyst Journal.” Most recently Olstein was a featured speaker at the CFA Institute’s 2007 Equity Research and Valuation Techniques Conference and authored “Reality Check: Accounting Alerts for Investment Advisors,” which appeared in the January 2006 issue of The CPA Journal. Olstein was also featured in the 2002 book, Value Investing with the Masters, published by the New York Institute of Finance. Olstein holds an M.B.A. in Accounting and B.A. in Mathematical Statistics from Michigan State University. Michigan State has recognized Olstein’s distinguished career by awarding him the 2005 Outstanding Alumni Achievement Award (Broad Graduate School of Management).