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Kleiner Perkins' Doerr, Oracle's Phillips Join Obama Board
By: Roy Mark
2009-02-06
Article Rating:    / 3
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Renowned venture capitalist John Doerr and Oracle President Charles Phillips have been appointed to President Barack Obama's Economic Recovery Advisory Board. Obama says he is seeking economic advice beyond the echo chamber of Washington.President Obama announced an Economic Recovery
Advisory Board Feb. 6 that includes renowned technology venture capitalist John
Doerr and Oracle President Charles Phillips. The 16-member panel, led by former
Federal Reserve Chairman Paul Volcker, will provide the president with economic
advice.
"I created this board to enlist voices to come from beyond the Washington echo chamber, to ensure that no stone is unturned as
we work to put people back to work and get our economy moving," Obama said
during a White House ceremony creating the board. "We will meet regularly
so that I can hear different ideas and sharpen my own, and seek counsel that is
candid and informed by the wider world."
One of the Silicon Valley's most influential figures, Kleiner Perkins Caufield
& Byers' Doerr has directed investment in some of the technology industry's
most successful companies, including Google, Amazon.com, Sun Microsystems and
Symantec. He currently sits on the boards of Google, Amazon.com, Intuit,
Homestore and Sun.
Phillips joined Oracle in 2003 and is responsible for global field operations
including consulting, marketing, sales, alliances and channels, and customer
programs. While serving as Oracle's executive vice president of Strategy, Partnerships
and Business Development, Phillips played a key role in Oracle's acquisitions
of PeopleSoft, Siebel Systems, Retek, Hyperion and BEA Systems.
To read about Obama's innovation team, click here.
Other members of the board include William H. Donaldson, the former chairman of
the Securities and Exchange Commission; Roger W. Ferguson, Jr., president and CEO of
TIAA-CREF; Robert Wolf, chairman and CEO of
UBS Group Americas; Yale University CIO
David F. Swensen; Mark T. Gallogly, founder and managing partner of
Centerbridge Partners; Pritzker Realty Group Chairman Penny Pritzker; GE CEO
Jeffrey R. Immelt; and Jim Owens, chairman and CEO of
Caterpillar.
Obama also named to the new panel Monica C. Lozano, publisher and CEO of
La Opinion; Change to Win Chairwoman Anna Burger; Richard L. Trumka, the AFL-CIO's
secretary-treasurer; Laura D'Andrea Tyson, dean of the Haas School of Business
at the University of California at Berkeley; and Martin Feldstein, George F. Baker
Professor of Economics at Harvard University.
"I'm not interested in groupthink, which is why the board reflects a broad
cross-section of experience and expertise and ideology," Obama said.
"We've recruited Republicans and Democrats, people who come out of the
government as well as the private sector. Not everyone is going to agree with
each other, and not all of them are going to agree with meand that's precisely
the point, because we want to ensure that our policies have the benefit of
independent thought and vigorous debate."
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