Obama Names Google and Xerox CEO’s in Economic Team

November 7th, 2008 at 12:00 am

change gov obama transition economic team

When Eric Schmidt, CEO  of Google, endorsed Obama back in October, the tech world made all sorts of speculations that he would become the nation’s CTO.  For better or for worse, that has not come true yet.  However, Schmidt along with Xerox CEO Anne Mulcahy were included in President-elect Barack Obama’s Economic Team.

The 17-member Transition Economic Advisory Board (TEAB) is made up of politicians and executives from America’s most successful businesses. This is crucial since this Presidency also inherits the worst financial crisis the country has seen since the Great Depression.

On Friday, before Obama’s first Press conference, the team will meet for the first time.  Here is a list of them members.

  1.  David Bonior (member of the House of Representatives from 1977 to 2003)
  2.  Warren Buffett (chairman and CEO of Berkshire Hathaway)
  3.  Roel Campos (former Securities and Exchange commissioner)
  4.  William Daley (Midwest chairman for JPMorgan Chase; secretary of the U.S. Department of Commerce from 1997 to 2000)
  5.  William Donaldson (chairman of the U.S. Securities and Exchange Commission from 2003 to 2005)
  6.  Roger Ferguson (president and CEO of TIAA-CREF; former vice chairman of the Federal Reserve board of governors)
  7.  Jennifer Granholm (governor of Michigan)
  8.  Anne Mulcahy (chairman and CEO of Xerox)
  9.  Richard Parsons (chairman of Time Warner)
  10.  Penny Pritzker (CEO of Classic Residence by Hyatt)
  11.  Robert Reich (professor at University of California at Berkeley; secretary of the U.S. Department of Labor from 1993 to 1997)
  12.  Robert Rubin (chairman and director of the Citigroup executive committee; secretary of the U.S. Treasury Department from 1995 to 1999)
  13.  Eric Schmidt (chairman and CEO of Google)
  14.  Lawrence Summers (professor at Harvard University; managing director of DE Shaw; secretary of the U.S. Treasury from 1999 to 2001)
  15.  Laura Tyson (professor at Haas School of Business of University of California at Berkeley; chairman of the National Economic Council from 1995 to 1996; chairman of the President’s Council of Economic Advisers from 1993 to 1995)
  16.  Antonio Villaraigosa (mayor of Los Angeles)
  17.  Paul Volcker (chairman of the Federal Reserve from 1979 to 1987)

Given the odds and the successes of these people, let’s hope that they can make some change as Obama did promise.