Karen Needham, E*TRADE Financial

Karen is a Certified Equity Professional (CEP) and has over 25 years of expertise in Employee Stock Option and Stock Purchase Plan administration. Karen is a senior member of the Professional Services department with Business Solutions Group of E*TRADE Financial. In this position she coordinates and presents the product training for all Equity Edge modules for clients, as well as the Industry Education seminars that are offered to all. Karen interfaces with all departments within E*TRADE providing advice and assistance in all areas of equity compensation planning and design. Her vast experience as the administrator for multi-national plans is of value both to the company and our clients. Utilizing her experience in this area has allowed Karen to consult and advise our BSG clients as to the procedures and processes that are needed to maximize the strengths of the Equity Edge product line.

Prior to joining E*TRADE Financial, Karen served as senior staff member for Shareholder Relations at one of the top 5 global biotechnology companies. Karen managed the company's five databases for all worldwide stock purchase and stock option plans, and was responsible for systems integrity and database administration. In addition, Karen initiated and led the design and development of employee education programs for all associates, ultimately presenting information to employees at all levels using several different mediums.

Karen began her career in equity compensation at Wang Laboratories, Inc., a New England-based computer manufacturer, where she administered both the stock option and stock purchase plans on a worldwide basis for over 40,000 employees. She was a founding member of the Equity Edge Client Advisory Board, and is a frequent speaker at Equity Edge User Group meetings, and NASPP regional meetings and was a presenter at the Global Equity Organization 2002 conference.

Karen is a member of NASPP, the Global Equity Organization (GEO), and the National Center for Employee Ownership (NCEO) and serves on two sub-committees for the Certified Equity Professional Institute of Santa Clara University.