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California Summit 2014

Wednesday, November 19, 2014

Wed 11/19
6:30 pm - 8:30 pm

Thursday, November 20, 2014

Thu 11/20
9:00 am - 9:15 am

Welcoming Remarks


Michael Klowden

CEO, Milken Institute

Thu 11/20
9:15 am - 10:15 am

Bettering California's Business Climate

To set the stage for the Summit, the Milken Institute asked some of the state's most influential business and policy leaders to offer concrete ways to put California on firmer financial footing while combating its reputation for being unfriendly to business. The question encompasses steps Sacramento can take to improve the investment climate, such as tackling the government's long-term financial obligations and doing away with unpredictable legislation and overlapping or duplicative compliance requirements. Our panel will explore the key economic and business climate issues facing the state and provide a roadmap for lawmakers to steer California toward a more prosperous future.


Michael Milken

Chairman, Milken Institute


Troy Carter

Founder and CEO, Atom Factory

Kevin de León

President pro Tempore, California State Senate

Scott Minerd

Chairman of Investments and Global Chief Investment Officer, Guggenheim Partners

Sharon Vosmek

CEO, Astia

Thu 11/20
10:30 am - 11:45 am

The Public/Philanthropic Partnership: Filling the Void in Social Services (By invitation only)

State and local governments continue to cut budgets for social services traditionally supported by taxpayers with the hope that philanthropies and the nonprofit sector will step in. Have policy leaders bought into this shift in responsibility and resources? Is this wishful--and worrisome--thinking? Is the philanthropic community prepared to assume this role without additional funding and supporting infrastructure? How can the leaders of philanthropies and nonprofits work more effectively with policymakers to craft strategies that address the growing gap between state and local funding and these unmet social needs?


Wendy Garen

President and CEO, Ralph M. Parsons Foundation


Nancy Aossey

President and CEO, International Medical Corps

Benjamin Austin

Executive Director, Parent Revolution

Lou Correa

Senator, California State Senate

Antonia Hernandez

President and CEO, California Community Foundation

Michelle Rhone-Collins

Executive Director, LIFT-LA

Tara Roth

President, Goldhirsh Foundation

Thu 11/20
10:30 am - 11:45 am

The Water Challenge: Doing More with Less

Empty wells and abandoned fields illustrate the problems California faces as it enters a period of drought that could last decades. These troubling conditions highlight the need for enhanced conservation and more effective water management policies. Can a fundamental rethinking of water pricing and commoditization help address the state's long-term water infrastructure issues? Does the answer lie in bolstering incentives for efficient technologies applicable to urban and agricultural areas? What can be learned from current conservation efforts in California, a global leader in the green movement?


Rodney T. Smith

President, Stratecon, Inc; President, Baja Norte Water Resources, LLC


Sanjay Gaur

Senior Manager, Raftelis Financial Consultants

Susan Leal

Principal and Founder, Urban Water Works; Associate, SEAS, Harvard University

Andy Lipkis

Founder and President, TreePeople

Mas Masumoto

Owner, Masumoto Family Farm

Karen Ross

Secretary, California Department of Food and Agriculture

Frances Spivy-Weber

Vice Chair, State Water Resources Control Board

Thu 11/20
10:30 am - 11:45 am

Training the 21st Century Workforce: Strong Skills for Great Jobs

California’s future depends on having the highly trained workers that entrepreneurial companies need to compete globally. But today, there is a mismatch between the skills of the workforce and the growing list of technical abilities required by the state’s most dynamic sectors, such as technology, entertainment and health care. How can California’s big employers and educational institutions collaborate to attract, develop and expand our pool of high-skilled workers? What can business leaders do to support educators who are trying to enhance their curricula despite tighter budgets? What lessons and best practices can be gleaned from "linked learning" initiatives?


Jody Miller

Founder and CEO, Business Talent Group


Joseph Castro

President, California State University, Fresno

Gray Davis

Of Counsel, Loeb & Loeb LLP; Former Governor of California

Darrell Huntley

Vice President, Satellite Development Center, Network & Space Systems, The Boeing Company

Maria Klawe

President, Harvey Mudd College

Perry Wong

Managing Director, Research, Milken Institute

Thu 11/20
11:45 am - 12:15 pm

Thu 11/20
12:15 pm - 2:00 pm

Lunch Program: Bay to Basin: Cities Make a Comeback

California is witnessing a resurgence of the city as a driver of policy and economic growth, a dramatic reversal of the multidecade suburban exodus. People are choosing to live and work in more densely populated areas, spurring change in how everything from social services to culture is delivered. Cities everywhere, large and small, are addressing global challenges on the local level. This includes tackling 21st century problems such as population densification, water management and sustainability, and energy transformation and conservation. City leaders are also exploring alternatives for paying their bills, including innovative financing mechanisms and public-private partnerships for infrastructure development. What can California's cities teach the world?

Welcoming Remarks

Mindy Silverstein

Managing Director, Milken Institute

Introduction By

Scott Minerd

Chairman of Investments and Global Chief Investment Officer, Guggenheim Partners


Kevin Klowden

Director, California Center, and Managing Economist, Milken Institute


Carol Armstrong

Director, L.A. River Project Office, Bureau of Engineering, City of Los Angeles

William Bailey

Mayor, City of Riverside

Austin Beutner

Publisher and CEO, Los Angeles Times

Dale Bonner

Executive Chairman, Plenary Concessions; Senior Advisor, Milken Institute

Jim Wunderman

President and CEO, Bay Area Council

Thu 11/20
2:00 pm - 2:30 pm

Thu 11/20
2:30 pm - 3:45 pm

Effective Government: Tax Reform (By invitation only)

The ongoing instability in California's annual revenue flows creates challenges for the executive suite as well as Main Street. Reform of the state's tax structure can promote stability not just for government operations, but for the overall economy. We will examine the benefits and limitations of the Proposition 2 "rainy day fund" and ask what further measures may be needed to provide certainty in budgeting. We will discuss the ramifications of unstable public budgets on the business climate, including the difficulty in projecting costs and providing services. Businesses benefit from healthier state revenue flow, an issue often overlooked. This panel will explore options for reform and their political feasibility, including tax policy toward income, capital gains and services.


Kevin Klowden

Director, California Center, and Managing Economist, Milken Institute


Michael Cohen

Director, California Department of Finance

Tim Gage

Principal and Co-Founder, Blue Sky Consulting

Michael Genest

Founder and Chairman, Capital Matrix Consulting

Diane Harkey

Member-Elect, Board of Equalization, Fourth District

Robert Hertzberg

Senator-Elect, California State Senate; Member, Think Long Committee for California

Bill Lockyer

Treasurer, State of California

Steve Westly

Managing Partner, The Westly Group; Former California State Controller

Betty Yee

Member, State Board of Equalization, First District; Controller-Elect, State of California

Thu 11/20
2:30 pm - 3:45 pm

Energy: Powering the Green Economy

California leads the nation in energy-efficiency standards, thanks to legislation that aims to reduce greenhouse gas emission levels by 2020 through smarter energy use and adopting renewable technologies. How is the cap-and-trade program performing in cutting emissions and generating revenue? What's our track record in implementing solar, wind and other forms of renewables? Is additional innovation needed to move the state beyond dependence on carbon-based systems? Can the energy grid of the future accommodate the demands of a growing population?


Lindsey Corbin

Vice President, Business Development, OpTerra


Dennis Arriola

President and CEO, Southern California Gas Company

Andrew McAllister

Commissioner, California Energy Commission

Nihar Patel

Vice President, North American Business Strategy, Toyota Motor Sales, U.S.A., Inc.

Nancy Pfund

Managing Partner, DBL Investors

Darrell Steinberg

Senator, California State Senate

Thu 11/20
2:30 pm - 3:45 pm

The High Cost of the California Dream

One key challenge facing companies and employees is the steep cost of living and working in the Golden State. Whether they have five employees or 5,000 or more, business owners face hefty startup costs and taxes. Income levels for most middle-class workers have stayed flat for the past 30 years, while price tags for housing, transportation and education continue to climb. How can state leaders collaborate to address rising costs while encouraging a healthy, growing economy?


Matt Miller

Columnist, The Washington Post; Host, "Left, Right & Center"


Rudy Espinoza

Executive Director, Leadership for Urban Renewal Network (LURN)

Lewis Feldman

Partner, Goodwin Procter LLP

Joel Singer

CEO and State Secretary, California Association of Realtors

Roxana Tynan

Executive Director, LAANE

Antonio Villaraigosa

Senior Advisor, Banc of California and Edelman; Former Mayor of Los Angeles

Thu 11/20
4:00 pm - 5:00 pm

California the Pioneer: Blazing the Trail of Innovation

The state remains the nation's top incubator of innovators across numerous fields. What characteristics are unique to California as a leader in agribusiness and aerospace, as the creative hub for film and TV production and the engine of alternative and renewable fuels? What is the key to attracting and retaining the entrepreneurs behind so many global technology trends, including smart phones and digital gaming? How can California's leaders continue to leverage the transformative ideas in business, technology and medicine that are developed here to ensure future economic benefit for the entire state? What next-generation entrepreneurial efforts are being incubated now, and how can the state's leaders support their prospects for success?


Michal Lev-Ram

Senior Writer, Fortune


Gil Elbaz

Founder and CEO, Factual

Bret Johnsen

Chief Financial Officer, SpaceX

David Koenig

Managing Director, West Coast, Control Group

Peter Marx

Chief Innovation Technology Officer, City of Los Angeles

Thu 11/20
5:00 pm - 6:00 pm

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