"I perceive a rising tide of hatred of the successful one percent," wrote Tom Perkins in a letter to The Wall Street Journal earlier this month.
Tom Perkins is the co-founder of Kleiner Perkins Caufield & Byers, one of Silicon Valley’s first Venture Capital firms on the legendary Sand Hill Road. He is an alumnus of Harvard and MIT, a renowned businessman and outspoken capitalist. In January of this year Tom Perkins wrote a letter published by The Wall Street Journal to “call attention to the parallels of fascist Nazi Germany to its war on its 'one percent,' namely its Jews, to the progressive war on the American one percent, namely the 'rich.'” The letter was widely criticized (in The Atlantic, The Independent among bloggers, Twitter users, and even "his own colleagues in Silicon Valley"). Perkins later apologized for making comparisons with Nazi Germany, but otherwise stood by the message of his letter.
Amidst Google bus protests and growing controversy over gentrification in the Bay Area, Tom Perkins has sparked a timely conversation and is not necessarily alone in his perspective. Join us for one man’s take.
Adam Lashinsky is a business journalist and commentator with special expertise in finance and technology. An insider to Silicon Valley, he has written in-depth articles on Apple, Google, eBay, Hewlett-Packard and Intel. He has covered hedge funds, venture capital, private equity and the post-Katrina economic recovery of New Orleans.
Lashinsky is editor-at-large for Fortune magazine and has extremely broad experience in both broadcast and print media. He is a weekly panelist on the Fox News Channel's program "Cavuto on Business" and appears frequently throughout the week on other Fox News and Fox Business Network programs: "Bulls and Bears," "Cashin' In," and "Your World with Neil Cavuto."
Before joining Fortune, Lashinsky was the Silicon Valley columnist for TheStreet.com and was the first high-tech stocks columnist for the San Jose Mercury News. He has been a reporter and assistant managing editor for Crain's Chicago Business and was a Henry Luce Scholar in Tokyo, working as a reporter for the Nikkei Weekly, the English-language version of Japan's main economic daily, Nihon Keizai Shimbun.
Lashinsky's work has also appeared in The New York Times, Wired, San Francisco Magazine and many other publications.
Tom Perkins is an American businessman, capitalist, and was one of the founders of leading venture capital firm Kleiner Perkins Caufield & Byers.
Tom Perkins is a graduate of MIT in Electronic Engineering and Harvard University in Business Administration. He is now, or has been, a Director of the following public corporations: Acuson (Chairman), Applied Materials, Compaq Computer, Corning Glass Works, Genentech (Chairman), Hewlett Packard Company, Hybritech, LSI Logic, The News Corporation, Philips Electronics NV, Spectra-Physics, Symantec and Tandem Computers (Chairman).
Venture capitalist Tom Perkins stands by his belief that the one percent are being persecuted and expanded on the parallel by saying, "if Germany had America's gun laws, there would have never been a Hitler."
Venture capitalist Tom Perkins outlined his sixty second idea to change the world: "You don't get to vote unless you pay a dollar of taxes." And furthermore, went on to say, "But what I really think is, it should be like a corporation. You pay a million dollars in taxes, you get a million votes."
Businessman Tom Perkins says he regrets his use of the word 'Kristallnacht' in his much-read letter to the Wall Street Journal but stands by the comparison between the richest one percent and the one percent of Jews in Nazi Germany.