SAN FRANCISCOWell-known venture capitalist John Doerr was among 15 U.S. business leaders named Friday (Feb. 6) to an Economic Recovery Advisory Board created by President Barack Obama.
The board, modeled on the Foreign Intelligence Advisory Board created by President Dwight Eisenhower, will "provide an independent voice on economic issues and will be charged with offering independent advice to the President as he formulates and implements his plans for economic recovery," according to a statement issued by the White House.
Doer, a partner at Kleiner Perkins Caufield & Byers (KPCB), has been a backer of some of the most successful technology companies, including Google Inc., Amazon.com, Sun Microsystems Inc. and Cypress Semiconductor Corp. He started his career as an engineer at Intel Corp. and holds patents pertaining to memory chips, according to his profile on the KPCB website. He holds a BS and MS in electrical engineering from Rice University and an MBA from Harvard.
The Economic Recovery Advisory Board will provide regular briefings to Obama, Vice President Joe Biden, and their economic team, the White House said. The Board will be established initially for a two-year term, the White House said.
Paul Volcker, former chairman of the Federal Reserve, will serve as chairman of the Economic Recovery Advisory Board and Austan Goolsbee will be staff director and chief economist, the White House said.
Another high-tech executive, Charles Phillips, president of Oracle Corp., was also named to serve on the board.
According to the statement issued by the White House, other board members include:
William H. Donaldson, former chairman of the Securities and Exchange Commission
Roger W. Ferguson, Jr., president and CEO, TIAA-CREF
Robert Wolf, chairman and CEO, UBS Group Americas
David Swensen, chief information officer, Yale University
Mark T. Gallogly, founder and managing partner, Centerbridge Partners L.P.
Penny Pritzker, chairman and founder, Pritzker Realty Group
Jeffrey R. Immelt, CEO, GE
Jim Owens, chairman and CEO, Caterpillar Inc.
Monica C. Lozano, publisher and CEO, La Opinion
Anna Burger, Chair, Change to Win
Richard L. Trumka, secretary-treasurer, AFL-CIO
Laura D'Andrea Tyson, dean, Haas School of Business at the University of California--Berkeley
Martin Feldstein, George F. Baker professor of economics, Harvard University