Who's who on Obama's new economic advisory board
President Obama today named the members of his new Economic Recovery Advisory Board, which he said would assure that his decisions on the economy would be guided in part by voices "beyond the Washington echo chamber."
"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," Obama said at a news conference.
Despite Wall Street’s savaged image with the public, Obama gave one seat on the 15-member board to Robert Wolf, the CEO of investment bank UBS Group Americas. No surprise, of course, that Wolf was a big fundraiser for Obama's presidential campaign.
The private-equity business also is represented, via Mark T. Gallogly, founder of Centerbridge Partners in New York and another Obama fundraiser.
Silicon Valley got two seats: John Doerr, a partner at venture capital firm Kleiner, Perkins, Caufield & Byers; and Charles E. Phillips, Jr., president of software giant Oracle Corp.
The board will be chaired by Paul Volcker, the former Federal Reserve chairman and one of Obama’s top economic advisors.
The other members:
- Anna Burger, secretary-treasurer of the Service Employees International Union
- William H. Donaldson, former chairman of the Securities and Exchange Commission
- Martin Feldstein, professor of economics at Harvard University
- Roger W. Ferguson, Jr., CEO of retirement fund TIAA-CREF
- Jeffrey R. Immelt, CEO of General Electric
- Monica C. Lozano, publisher and CEO of La Opinion
- Jim Owens, CEO of Caterpillar Inc.
- Penny Pritzker, founder of Pritzker Realty Group
- David F. Swensen, chief investment officer of Yale University
- Richard L. Trumka, secretary-treasurer of the AFL-CIO
- Laura D'Andrea Tyson, dean of the Haas School of Business at UC Berkeley
-- Tom Petruno
Photo: President Obama with Paul Volcker, chairman of the new Economic Recovery Advisory Board, at a news conference today. Credit: Ron Edmonds / Associated Press