Alert October 29, 2010

Milken’s “State of the State” Proposes Cures for California

The Milken Institute, a public charity and economic think tank, held its 12th annual State of the State Conference on October 19 at The Beverly Hilton Hotel. Leaders in business and government met to discuss issues and propose solutions to California’s current economic woes.

Panels included:

Advice from Leading CEOs: How to Fix California. Michael Milken led this panel of top level CEOs as they discussed the most important issues California currently faces, the most important of which is education. Panelists included Art Coppola, Chairman and CEO of Macerich, Theodore (Ted) Craver Jr., Chairman, President and CEO of Edison International, Kellie Johnson, President and CEO of Ace Clearwater Enterprises, and Michael Lynton, Chairman and CEO of Sony Pictures Entertainment.

Politics, California Style: Can We Break the Gridlock? Frank Luntz, CEO of The Word Doctors and author of Words That Work and What Americans Really Want...Really, led a panel discussion of the current state of politics in California. Panelists included Bill Carrick, Democratic Strategist and owner of Carrick Consulting, Susan Estrich, the Robert Kingsley Professor of Law & Political Science at USC Gould School of Law and a partner at Quinn Emanuel Urquhart & Sullivan LLP, Steve Schmidt, Vice Chairman of Public Affairs at Edelman and former Senior Advisor to the John McCain Presidential Campaign, and Don Sipple, President of Sipple:Strategic Communications.

Keeping California on the Cutting Edge of Innovation. Nancy McFadden, Senior Vice President and Senior Advisor to the Chairman and CEO of PG&E Corp., led a panel discussion regarding jobs and innovation in California. Panelists included Kevin Czinger, President and CEO of Coda Automotive, Tim Draper, Managing Director of Draper Fisher Jurvetson, Pervaiz Lodhie, President and CEO of LEDtronics Inc., Perry Wong, Director of Regional Economics at the Milken Institute, and Shariq Yosufzai, Vice President of Chevron Corporation.

Public Pensions: How to Protect Workers – and Taxpayers. Emily Chang, Anchor at Bloomberg TV, led a panel discussion regarding solutions for California’s pension woes. Panelists included Jon Hamm, CEO of the California Association of Highway Patrolmen, Jerilyn Harris, Chair of the California State Teachers’ Retirement System, Dennis Hollingsworth, State Senator and Minority Leader, Bill Lockyer, California State Treasurer, and Scott Minerd, Chief Investment Officer of Guggenheim.

Click here for summaries and videos of the various programs.