According to research by the International Monetary Fund, recessions following financial crises driven by a collapse in housing prices are historically more severe than those of a cyclical nature.
How can the new administration ensure that the US retains its competitive edge in the midst of a deep downturn in housing prices and a dramatic fall in consumer spending?
Ellen J. Kullman
Ellen J. Kullman, 53, is chief executive officer of DuPont. Kullmanis the 19th executive to lead the company in more than 205 years of DuPont History. She became president on Oct. 1, 2008, and CEO on Jan.1, 2009.
Prior to her appointment as DuPont president and CEO she served as executive vice president and a member of the company's office of the chief executive. Kullman was responsible for DuPont Coatings & Color Technologies; DuPont Electronic & Communication Technologies; DuPont Performance Materials; DuPont Safety & Protection; Marketing & Sales; Pharmaceuticals; Risk Management; and Safety & Sustainability. In March 2008, Kullman was tapped to lead the dynamic planning process for the company's growth in emerging international markets.
A native of Wilmington, Del., Kullman began her career at DuPont in 1988 as marketing manager in the Medical Imaging business. Following two years as business director for the X-ray Film business, she moved to Printing & Publishing as global business director, Electronic Imaging. In 1994, she joined White Pigment & Mineral Products as global business director and was named vice president and general manager in 1995. She assumed leadership of two high-growth businesses, DuPont Safety Resources in 1998 and Bio-Based Materials in 1999.
Kullman was named group vice president and general manager in 2000 with the addition of Corporate New Business Development and Intellectual Assets Licensing. In 2001 she assumed responsibility for DuPont Flooring Systems and DuPont Surfaces. She was named group vice president - DuPont Safety & Protection in February 2002. In June 2006 she was named executive vice president until her appointment as DuPont President and CEO.
Kullman is on the Board of Trustees at Tufts University, serves on the board of overseers at Tufts University School of Engineering. She is also on the Board of Trustees, National Safety Council.
Prior to joining DuPont, Kullman worked for General Electric in various business development and marketing positions. She holds a bachelor of science degree in mechanical engineering from Tufts University and a masters degree in management from Northwestern University.
Rupert Murdoch is an Australian-American global media mogul. He is the major shareholder, chairman and managing director of News Corporation. He is ranked 13th most powerful person in the world in the 2010 Forbes' The World's Most Powerful People list.
Beginning with newspapers, magazines and television stations in his native Australia, Murdoch expanded News Corp into the UK, US and Asian media markets. In recent years has become a leading investor in satellite television, the film industry, the Internet and media. News Corp is based in New York.
Duncan L. Niederauer
Duncan L. Niederauer is Chief Executive Officer and a Director of NYSE Euronext. Prior to his current position, Duncan was President and co-Chief Operating Officer of NYSE Euronext with responsibility for U.S. cash equities.
Before joining NYSE Euronext in April 2007, Duncan was Managing Director and co-Head of the Equities Division Execution Services franchise at Goldman, Sachs & Co. His career at Goldman Sachs spanned 22 years.
Duncan has served on the board of Archipelago Holdings, LLC and Colgate University, and now serves on the board of Operation Hope, The American Ireland Fund and the Congressional Medal of Honor Foundation. His current memberships include the G100, Chief Executive 50, British-American Business Council International Advisory Committee, the Partnership for New York City, CECP, the Shanghai International Financial Advisory Committee, the Museum of American Finance, and Fundação Dom Cabral in Brazil.
He earned an MBA from Emory University and a BA from Colgate University.
Michael E. Porter is a leading authority on competitive strategy, the competitiveness and economic development of nations, states, and regions, and the application of competitive principles to social problems such as health care, the environment, and corporate responsibility.
Professor Porter is generally recognized as the father of the modern strategy field, as has been identified in a variety of rankings and surveys as the world’s most influential thinker on management and competitiveness.
He is the Bishop William Lawrence University Professor, based at Harvard Business School. A University professorship is the highest professional recognition that can be awarded to a Harvard faculty member. In 2001, Harvard Business School and Harvard University jointly created the Institute for Strategy and Competitiveness, dedicated to furthering Professor Porter’s work.
He is the author of 18 books and over 125 articles. He received a B.S.E. with high honors in aerospace and mechanical engineering from Princeton University in 1969, where he was elected to Phi Beta Kappa and Tau Beta Pi. He received an M.B.A. with high distinction in 1971 from the Harvard Business School, where he was a George F. Baker Scholar, and a Ph.D. in Business Economics from Harvard University in 1973.
David M. Rubenstein
David M. Rubenstein is co-founder and managing director of The Carlyle Group. Since its inception in 1987, the private equity firm has grown into managing more than $100 billion from 27 offices around the world. Rubenstein is chairman of the John F. Kennedy Center for the Performing Arts and president of the Economic Club of Washington.
He is a regent of the Smithsonian Institution and on the boards of directors or trustees for Duke University, Johns Hopkins University, University of Chicago, the Lincoln Center for the Performing Arts, the Memorial Sloan-Kettering Cancer Center, the Council on Foreign Relations, the Institute for Advanced Study, the Brookings Institution, and several other organizations.
Rubenstein also serves on several academic councils and advisory boards. He has practiced law, served as chief counsel to the US Senate Judiciary Committee's subcommittee on constitutional amendments, and was President Jimmy Carter's deputy assistant for domestic policy.
Ronald A. Williams
Ronald A. Williams is Chairman and Chief Executive Officer of Aetna. He was elected Chairman of Aetna on October 1, 2006, and Chief Executive Officer on February 14, 2006, having served as President of the Company from May 27, 2002 until July 24, 2007 and as Executive Vice President and Chief of Health Operations from March 15, 2001 until his appointment as President.
Mr. Williams is a Director of American Express Company (financial services) and is a trustee of The Conference Board. He also serves on the Dean's Advisory Council at the Massachusetts Institute of Technology and is a member of MIT's Alfred P. Sloan Management Society.