ID :
29075
Sat, 11/08/2008 - 14:36
Auther :

Buffett, Google's Schmidt in Obama's adviser team

London, Nov 7 (PTI) U.S. President-elect Barack Obama has
appointed a 17-member high-level team of advisers including
billionaire investor Warren Buffett and Google Chief Executive
Eric Schmidt to guide him in channelising the economy, a media
report says.

"U.S. President-elect Barack Obama has appointed a team of
high-level advisers including billionaire investor Warren
Buffett and Google Chief Executive Eric Schmidt to guide his
thoughts on the economy ahead of taking office on January 20,"
the Telegraph report stated.

The team, to be called the Transition Economic Advisory
Board (T.E.A.B.), will meet for the first time in Chicago
Friday to discuss the state of the economy and the prospect of
taking early action.

Warren Buffett, Chairman and CEO, Berkshire Hathaway,
would participate through speakerphone in the meeting.

Further, the report stated that Obama might use this
opportunity to appoint his first Treasury Secretary.

The advisory board has 17 members including former Fed
Chairman Paul Volcker, whose name has also been connected with
the Treasury job, and former Treasury Secretary Robert
Rubin, who would also be at the meeting at the Chicago Hilton
today, the daily said.

At present, Robert Rubin is Chairman and Director of
the Executive Committee of global financial services major
Citigroup.

Besides, corporate America is also well represented in
the team, with Time Warner Chairman Dick Parsons and Xerox
Chairman Anne Mulcahy and Schmidt, who was a loyal supporter
of Obama during his election campaign, it added.

Other members of the board comprise Laura Tyson, one of
Obama's key economic aides, former House of Representatives
member David Bonior, two former S.E.C. Commissioners Roel
Campos and William Donaldson, and Chairman of the Midwest JP
Morgan Chase William Daley, the Telegraph report said.

Further, T.I.A.A.-C.R.E.F. President and CEO Roger
Ferguson, Michigan Governor Jennifer Granholm, Los Angeles
Mayor Antonio Villaraigosa, Classic Residence by Hyatt CEO
Penny Pritzker, Robert Reich and Laura Tyson from the
University of California and DE Shaw Managing Director
Lawrence Summers are on the board, it added. PTI SP
DEP

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