Dan Primack

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

Obama CEO meeting packed with insiders

December 15, 2010: 10:07 AM ET

Lots of media chatter about how President Obama is meeting today with a large group of CEOs, in order to put a more business-friendly face on his administration (apparently big business bailouts, major R&D funding increases and top-earner tax cuts weren't enough capitulation).

What's particularly interesting, however, is the two private-sector attendees who aren't actual CEOs: Mark Gallogly, the onetime Blackstone Group pro who now helps manage Centerbridge Partners, and venture capitalist John Doerr.

I'm not saying they shouldn't have a seat at this type of table. In fact, I thought they already did.

Gallogly and Doerr are both part of Obama's Economic Recovery Advisory Board, formed in early 2009 and chaired by Paul Volcker. So are fellow meeting attendees Penny Pritzker and Jeffrey Immelt.

Does this mean folks like Gallogly and Doerr are going to run interference for Obama today? After all, they already should have fairly regular access. Right?

Or was it yet another group formed to create a lengthy report -- ERAB's read like a Choose your Own Adventure, rather than a specific prescription -- that is more about public relations than public policy?

Just asking...

Posted in: ,
Join the Conversation
About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

Email a Tip | @danprimack | RSS
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.