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David Klock


Dean

Ryder Eminent Scholar Chair in Business Administration

Professor
Department of Finance

College of Business
Florida International University

Modesto A. Maidique Campus
11200 S.W. 8th St, RB 208B
Miami, FL 33199

(305) 348-4964

dklock@fiu.edu

Education

  • Ph.D. in Finance
    University of Illinois at Urbana-Champaign, Chicago, Illinois

  • Master of Science in Finance
    University of Illinois at Urbana-Champaign, Chicago, Illinois

  • Bachelor of Science in Finance
    Northeastern University, Boston, Massachusetts

Professional Activities

David Klock is Dean of the College of Business and Ryder Eminent Scholar at Florida International University. Prior to joining FIU on October 1, 2012, David served as Dean of the School of Business at the University of Alabama at Birmingham, as well as the Wells Fargo Chair in Business Administration.

He served as Chairman and CEO of Atlanta-based CompBenefits Corporation from 1993 to 2004.  Dr. Klock became an active consultant to CompBenefits in 1981 and a Board member in 1984.  He was appointed President in 1991.  In 1993, Dr. Klock, with the backing of Boston-based multi-billion dollar private equity investor, TA Associates, led a successful management buyout of CompBenefits, after which he was appointed Chairman and CEO.  In 1995, CompBenefits became a public company.

In June of 1999, senior management took the company private through a management buyout of CompBenefits that was supported by TA Associates and GTCR (a Chicago-based private equity investment group).  During his overall tenure as CEO and/or Chairman, CompBenefits grew from $30 million in revenue to over $360 million in revenue, while achieving industry-leading profit margins.  Dr. Klock also served as non-management Chairman of CompBenefits from 2004 to 2006 – and subsequently as Chairman Emeritus – until the sale of the company to Fortune 100 member Humana, Inc. on October 1, 2007.

Dr. Klock served from 2002 to 2005 as a Board Member and the Chair of the Audit Committee for hospital operator Province Healthcare (PRV-NYSE), which was acquired by LifePoint Hospitals, Inc. (LPNT-NASDAQ), in early 2005 for $1.7 billion.  Dr. Klock also served (2005-2010) Cheesecake Factory, Inc. (NASDAQ-CAKE), as a Member of the Board of Directors, a Member of the Audit Committee, and Chair of the Special Litigation Committee.  He is currently serving on the Board of Directors of Mayer Electric Supply Company, Inc. in Birmingham, AL.

Dr. Klock earned his Doctorate in Finance from the University of Illinois, followed by several academic appointments – at Virginia Tech, University of Florida, and  as Chairman of the Finance Department at the University of Central Florida (UCF).  He was on leave from UCF in 1987 to serve as an Insurance Economist at Goldman, Sachs & Co.  Dr. Klock has authored four books and over 50 scholarly publications. 

Recent Refereed Journal Articles

Klock, D., Graham, S., & Casey, J. (1988). Group carve out - A financial perspective.  Benefits Quarterly,  IV(4),  53-61.  



Babbel, D., & Klock, D. (1988). Insurance pedagogy: Executive opinions and priorities.  The Journal of Risk and Insurance,  LV,  701-712.  



Klock, D., Graham, S., & Klock, P. (1987). No load-universal disability/life insurance as executive benefits.  Benefits Quarterly,  III(3),  17-24.  



Klock, D., & Graham, S. (1987). No-load life and disability insurance: Financial and marketing perspectives.  Best's Review,  LXXXVII(10),  115-116.  



Klock, D., Klock, P. A., & Graham, S. (1986). Supplementary executive retirement plans: An analysis of alterative funding methods.  Journal of the American Society of CLU,  XL(30),  66-75.  



Klock, D., & Klock, P. A. (1986). Executive death/survivor benefits: A financial analysis of alternatives.  Benefits Quarterly,  II(1),  26-36.  



Klock, D., & Casey, J. (1983). Risk management information systems and microcomputers.  Perspectives on Hospital Risk Management,  3(3).  



Klock, D., & Palmer, B. (1979). Group insurance planning and the role of the professional life underwriter.  CLU Journal,  XXXIII,  44-53.  



Klock, D., & Bellas, C. (1978). A tool for controlling the directors and officers liability exposure.  Risk Management .  



Berekson, L., Klock, D., & Mittelstaedt, R. (1978). Situational differences in attitudes towards insurance.  Journal of Insurance Issues and Practices,  2(1),  81-93.  



Klock, D.  (1977). From whom should you buy life insurance? Life Insurance Selling,  52,  52-58.  



Klock, D.  (1977). Consumer memo: Selecting the ‘best’ life insurance policy.  Life Insurance Selling,  52,  56-62.  



Klock, D.  (1977). Consumer memo: How to be a responsible insurance consumer and client.  Life Insurance Selling,  52,  76-78.  



Klock, D., & Nye, D. (1977). Evaluating change in insurance company concentration.  CPCU Annals,  30,  265-269.  



Klock, D., & Bellas, C. (1976). Director liability and the audit committee.  California Management Review,  XIX,  34-43.  



Klock, D., & Lee, S. (1974). A note on decision models for insurers.  The Journal of Risk and Insurance,  XLI,  537-543.  



Bellas, C., & Klock, D. (1974). Board of director audit committees: The extent and nature of their use by insurers.  CPCU Annals,  XXVII,  208-212.  



Klock, D., & T, W. B. (1974). Life insurance agents and executives: A test of incongruent perceptions.  The Journal of Risk and Insurance,  XLI,  249-257.  



Klemkosky, R., Klock, D., & Scott, D. (1973). The changing equity market: implications for variable life insurance.  CLU Journal,  XXVII,  28-32.  



Mehr, R., & Klock, D. (1972). Research and the insurance regulator.  The Journal of Risk and Insurance,  XXXIX ,  119-123.  



Klock, D.  (1972). Competitive rating laws and insurer conduct: A case study.  The Journal of Risk and Insurance,  XXXIX,  589-601.  



Book Chapters

Klock, D., & Manness, T. S. (1981). Insurance companies and pension funds. Financial Institutions . Hinsdale, Illinois: Dyrden Press. 



Books Authored

Klock, D., & Klock, P. A.(1987). Business insurance. 0th ed. Washington D.C., Washington: Life Underwriter Training Council. 



Klock, D., & Klock, P. A.(1984). Financial planning skills. 0th ed. Washington D.C., Washington: Life Underwriter Training Council. 



Klock, D., Martin, J., Petty, J. W., & Heidebrecht, B.(1982). Study guide to accompany personal financial management. 0th ed. New York, New York: McGraw-Hill Book Company. 



Klock, D., Martin, J., & Petty, J. W.(1982). Personal financial management. 0th ed. New York, New York: McGraw-Hill Book Company. 



Klock, D., Pfeffer, I., & Aldas, J.(1977). Perspectivas del seguro. 0th ed. Madrid , Spain: Editorial Mapfre S.A. 



Klock, D., & Pfeffer, I.(1974). Perspectives on insurance. 0th ed. Englewood Cliffs, New Jersey: Prentice-Hall, Inc..