Rising healthcare costs are leading to financial insecurity and putting the futures of many older Americans at risk. Rand, CEO of AARP, discusses healthcare issues (including Medicare) and their impact on financial security in light of the new realities that are both defining and changing the nature of living in the 21st century.
He highlights the implications this has for leaders in business and nonprofit organizations, for policy makers (state and federal) and for individuals.
A. Barry Rand
Barry Rand is the CEO of AARP, a membership organization of over 40 million people age 50 and older, half of whom remain actively employed.
Prior to joining AARP, Mr. Rand distinguished himself as a leader of social change in some of our nation's largest corporate and educational institutions. He currently serves as Chairman of the Board of Howard University and has served as Chairman and Chief Executive Officer of Avis Group Holdings, CEO of Equitant Ltd., and Executive Vice President for Worldwide Operations at Xerox Corporation.
He began his career at Xerox as a sales representative in 1968. From there, he worked his way up to several senior positions within the company, including: Vice President, General Marketing Operations; President, U.S. Marketing Group; Executive Vice President, Business Operations; and Executive Vice President World Wide Operations, where he was responsible for the entire value chain for Xerox’s $18 billion business and oversaw a workforce of more than 70,000 employees in over 150 countries. He was the driving force behind Xerox receiving the prestigious Malcolm Baldridge National Quality Award in 1989 and again in 1997.
Mr. Rand is a recognized leader in corporate social change. During his 31 years at Xerox, he helped it become the most diverse company in the Fortune 500. As he rose through the company, he worked diligently to bring more minorities and females into the company and up the corporate ladder to a position of responsibility where their voices could change policies and help to eliminate those that slow inclusion. As these efforts gained recognition throughout corporate America, he was asked to serve on a committee that would visit other companies explaining how inclusion was possible and beneficial, and sharing best practices. The committee eventually became the Executive Leadership Council, the nation’s preeminent organization that recognizes the strengths, success, contributions, and impact of African-American corporate business leaders.
In 1999, after having been passed over for the CEO of Xerox, he became Chairman and Chief Executive Officer of Avis Group Holdings, Inc. While there, he transformed Avis from the second largest car rental company to the world’s leading service and information provider of comprehensive, automotive transportation and vehicle management solutions. His successful transformation of the company led to it being acquired by Cendant Corporation in 2001.
From 2001 to 2003, he served on numerous corporate and non-profit boards. One of them was Equitant, Ltd., an Ireland-based provider of outsourced management services. In January 2003, their board asked him to become the company’s Chairman and Chief Executive Officer. Over the next two years, he expanded Equitant into a global firm and negotiated its successful acquisition by IBM in 2005.
Mr. Rand continues to serve on a number of boards and advisory committees. He holds a B.A. from American University and an MBA from Stanford University where he was also a Sloan Executive Fellow.
Robert Saldich is the Chair of the Board of Governors at The Commonwealth Club of California in San Francisco, CA.