Stephen Penman is the George O. May Professor Emeritus and Special Lecturer in the Graduate School of Business at Columbia University, a position he has held since 1999. Prior to this, he was the L.H. Penney Professor in the Walter A. Haas School of Business at the University of California at Berkeley. He has also served as a Distinguished Professor at Bocconi University.

Penman earned a first-class honors degree in Commerce from the University of Queensland, Australia, and holds M.B.A. and Ph.