Nominee's Background:
Jeffery Gates is a Vietnam veteran from Athens, GA. He is an internationally recognized expert in the creation of inclusive corporations, especially as a component of economic reform, restructuring, or privatization. He is founder and president of The Gates Group, an international consultancy located in Atlanta and president of the nonprofit Shared Capitalism Institute, which has offices in Atlanta and Cambridge, MA. Gates is an instructor at Emory University, and he contributes to various publications, such as the National Journal, the Financial Times, and the Japan Times. He has also done advisory work in more than 30 countries, including Argentina, Australia, Brazil, China, Haiti, and the U.K.
Professional background:
* author, instructor, consultant (present) * partner, Powell, Goldstein, Frazer & Murphy (1990-92) * senior research fellow, Center for Ethics, Capital Markets and Political Economy * president, Shared Capitalism Institute, Atlanta, GA and Cambridge, MA * counsel, Kelso & Company * draftsman of the presidential task force report on project economic justice (1986) * counsel, US Senate Finance Committee, crafted federal law on employee stock ownership plans (ESOPs) and pension plans (1980-87)
Education:
* Bachelor's degree, University of Virginia * J.D., Hastings College of Law
Member of the following boards of directors:
* Board of Editors, The Journal of Employee Ownership Law and Finance * Member, Social Venture Network * Member, Society for the Advancement of Socio-Economics * Board of Advisors, The Pacific Institute
Selected Publications:
* Democracy at Risk - Rescuing Main Street From Wall Street - A Populist Vision for the 21st Century (2000) * The Ownership Solution (1998) * World Bank Discussion Paper: Employee Stock Ownership Plans: Objectives, Design Options, International Experience (1995)
Links to Ideas: http://csf.colorado.edu/sustainable-economics/ownership-solution/conscious_capitalism.html and http://www.sharedcapitalism.org/book.html
Quotation:
"Though we claim to be the world's richest nation, we're the only developed nation without comprehensive health care. Though we're the world's foremost capitalist nation, the top 1 percent now has financial capital greater than the combined net worth of the bottom 95 percent. While our European allies have an imprisonment rate of 60 to 100 per 100,000, ours is 674 per 100,000 (6,926 for African-American males). Though we're the world's leader in labor-saving technology, the typical American now works 184 hours longer each year than in 1970 and makes about the same or less (350 hours longer than the typical European)." - from Senate Campaign Speech
Nominating Speech:
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Progressive Criteria:
The Department of Commerce will:
Promote commerce to enhance citizens' lives, not simply to enrich investors;
Promote decent, well-paying, environmentally sustainable jobs;
Take the initiative in developing a Genuine Progress Indicator to replace GDP which does not adequately distinguish between good growth and destructive trends; Work to provide new guarantees for pension security;
Support very small businesses, minority and women-owned businesses;
Direct and manage the patent and trademark system to promote the common good by promoting valuable inventions, research and intellectual exchangee, as a higher priority than protecting corporate profits.
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