Income Versus Wealth

President of Sanford C. Bernstein & Co., Inc., which manages $38 billion of assets for private and institutional clients. Mr. Hertog, who also serves as the president of the Sanford C. Bernstein Fund, Inc., has been with the firm for twenty-eight years. He has written and spoken widely on investment planning and asset allocation.

A senior vice president at Bernstein. Mr. Levine, who has been with Bernstein for twenty-three years, serves on the firm's investment policy committees for global investments and fixed income.