Creating Long-Term Value

Leading on Shared Prosperity, Innovation, and Investment

On October 21, 2015, the Center for American Progress is hosting a half-day conference focused on broad economic trends, producing shared prosperity, and the role of business in doing so.

In conversation with Secretary Jacob J. Lew, U.S. Department of the Treasury

Panel Discussion 1: Economic Trends & Shared Prosperity

In conversation with Lawrence H. Summers, former U.S. Treasury Secretary, and Distinguished Senior Fellow, Center for American Progress

Panel Discussion 2: Quarterly Capitalism & Long-Term Value

Keynote by Secretary Penny Pritzker, U.S. Department of Commerce

Agenda

8:30 a.m.: Welcoming remarks
Neera Tanden, President of the Center for American Progress

In conversation
Secretary Jacob J. Lew, U.S. Department of the Treasury
Neera Tanden, President of the Center for American Progress

Remarks
Carmel Martin, Executive Vice President, Policy, Center for American Progress

Remarks
Tony James, President, Blackstone

Panel discussion – Economic Trends & Shared Prosperity
Over the last few years the benefits of economic growth have flowed unequally as many workers are facing stagnant wages. Business and policy leaders can play a positive role in tackling this challenge, contributing to greater shared prosperity and building a stronger economy. We will examine various ideas to encourage robust growth that is more shared, as well as retirement savings, profit-sharing, and workforce development strategies.
Byron Auguste, Managing Director, Opportunity@Work, New America
Tony James, President, Blackstone
James Sinegal, Co-founder and former CEO, Costco
Dr. Laura Tyson, Former chair, U.S. Council of Economic Advisors, and Professor of Business Administration and Economics, Haas School of Business, UC-Berkeley
Moderated by Neera Tanden, President of the Center for American Progress

In conversation
Lawrence H. Summers, former U.S. Treasury Secretary, and Distinguished Senior Fellow, Center for American Progress

11:40 a.m.: Break in program for lunch

12:25 p.m.: Remarks
Neera Tanden, President of the Center for American Progress

Remarks
Blair Effron, Co-founder, Centerview Partners

Panel discussion – Quarterly Capitalism & Long-Term Value
In a survey of 1,000 board members and C-suite executives, 63% said they felt pressure to generate strong short-term results had increased over the past five years and 86% said that using a longer time horizon would strengthen corporate performance, including financial returns and innovation (source: 2013 McKinsey Quarterly). We will examine quarterly capitalism and the pressures faced by CEOs to respond with short-term decision making and discuss whether changes in corporate governance could contribute to an increase in long-term investment.
Blair Effron, Co-founder, Centerview Partners
Keith Meister, Founder and Chief Investment Officer, Corvex Management LP
Kristin Williams Mugford, Melvin Tukman Senior Lecturer of Business Administration, Harvard Business School
Moderated by Edward Luce, Washington columnist and commentator, Financial Times

Remarks
Glenn Hutchins, Co-founder, Silver Lake

Keynote
Secretary Penny Pritzker, U.S. Department of Commerce

1:55 p.m.: Closing remarks
Neera Tanden, President of the Center for American Progress