Michael Rossi, Senior Business Advisor to Governor Jerry Brown, talks about the outlook for jobs in California. He is a Senior Advisor for Jobs and Business Developmen in the Office of the Governor. With an unsteady economy and an uncertain jobs outlook, what's ahead for California's employment market? Governor Brown’s top advisor on jobs and the economy provides the latest insights on employment in California. The governor has charged Rossi with streamlining and invigorating the state’s economic development infrastructure, and Rossi also advises the governor on regulatory, legislative and executive actions needed to drive job growth.
Michael E. Rossi is the Senior Advisor for Jobs and Business Development to California Governor Jerry Brown. In this role, Rossi is the point of contact between California’s business and workforce leaders and the Administration. He is tasked with streamlining and invigorating the state’s economic development infrastructure, and with advising Governor Brown on regulatory, legislative and executive actions needed to drive job growth. br> br>
From 2005 to 2008, Rossi served as an advisor and senior member of the operations team at Cerberus Capital Management, L.P. and as chairman and chief executive officer of Aozora Bank, taking it public in November 2006. From 2007 to 2008 he also served as chairman of GMAC Residential Capital, LLC. Rossi was retired from the private sector from 1997 to 2005. He was vice chairman and chief risk officer of BankAmerica Corporation and was the chairman of its Fiduciary and Investment Policy Committee from 1993 to 1997. Previously, he was BankAmerica's chief credit officer and held various executive positions including running BankAmerica's Commercial Banking, Global Private Bank, Asia, Latin America, Commercial Real Estate, Corporate Real Estate, Personal and Corporate Trust and Cash Management divisions. He also served as the senior credit officer of BankAmerica’s World Banking Group. br> br>
Rossi currently serves on the Advisory Board of Shorenstein Properties LLC, the Court Appointed Special Advocates of Monterey County, Special Olympics Committee of Northern California and Claremont Graduate University. He is also a senior advisor to the San Francisco 49ers.
Michael Rossi, Senior Business Advisor to Governor Jerry Brown, rebuffs the dire straits some commentators predict for California's economic climate. "There is no justification for the statement that there is this mass exodus [of businesses] from the State of California," says Rossi. "We know exactly where the unemployment numbers came from, and that isn't where they came from."