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{{Infobox person |
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'''Robert E. Grady''' [[File:WSJ_Robert_E._Grady.jpg/thumb/Robert E. Grady, Carlyle Group,shown at Milken Institute Global Conference 2007]] |
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| name = Robert E. Grady |
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| image = WSJ_Robert_E._Grady.jpg |
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| caption = Robert E. Grady shown at Milken Institute Global Conference 2007 |
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| birth_place = [[Livingston, New Jersey|Livingston]], [[New Jersey]] |
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| birth_date = {{Birth year and age|1959}}<ref name="Forbes">{{cite web|title=Robert E. Grady Profile|url=http://people.forbes.com/profile/robert-e-grady/8675|publisher=Forbest|accessdate=24 July 2010}}</ref> |
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| residence = [[Jackson Hole, Wyoming|Jackson Hole]], [[Wyoming]]<ref name=McNichol /> |
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| nationality = [[United States of America|American]] |
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| alma_mater = [[Harvard University]] |
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}} |
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Robert E. Grady is |
'''Robert E. Grady''' is an [[United States of America|American]] [[venture capital]]ist and [[investment banking|investment banker]], and a senior-level public official. Currently, he is managing director at Cheyenne Capital Fund<ref name="Geron">{{cite web|last=Geron|first=Tomio|title=Ex-Carlyle Partner Grady Seeks Opportunity in Wide Open Spaces|url=http://blogs.wsj.com/venturecapital/2010/02/17/cheyenne-capitals-grady-sees-opportunity-in-wide-open-spaces/?blog_id=106&post_id=5079|publisher=The Wall Street Journal|accessdate=24 July 2010}}</ref>, Chairman of the State of [[New Jersey]] Council of Economic Advisors for Governor [[Chris Christie|Christopher J. Christie]]<ref name="Bloomberg">{{cite web|last=Dopp|first=Terrence|title=Governor-elect Christie Names Eristoff as Treasurer (Update4)|url=http://www.businessweek.com/news/2010-01-14/governor-elect-christie-names-eristoff-as-treasurer-update3-.html|publisher=Bloomberg|accessdate=24 July 2010}}</ref>, and a member of the New Jersey State Investment Council<ref name="Blognj">{{cite web|title=Disclosing donors; saving NJN; new Investment Council chief|url=http://blog.nj.com/njv_auditor/2010/06/disclosing_donors_saving_njn_n.html|publisher=NJ.com|accessdate=24 July 2010}}</ref>. Grady also serves as a director of multiple companies; serves on the National Commission on [[Energy Policy]]<ref name=Marketwire />; is a member of the Board of Governors of the [[Frederick S. Pardee RAND Graduate School]], the International Advisory Board of The [[Harvard University|Harvard]] Center for Environmental Economics, and the [[Council on Foreign Relations]]<ref name=Marketwire />; is a Visiting Fellow at [[Stanford University]]’s [[Hoover Institution]]; and is a financial and policy adviser to numerous political campaigns and government officials of national import. |
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== Business Career == |
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Grady is a former Managing Director, member of the Management Committee, and head of venture and growth capital at The Carlyle Group, one of the world’s largest private equity firms. During his tenure at Carlyle, Grady served for six years as a director and as Chairman in 2006-2007 of the National Venture Capital Association (“NVCA”), which represents more than 400 U.S. venture capital firms. He was a director of several Carlyle companies, including Blackboard (IPO 2004, Nasdaq: “BBBB”), AuthenTec (IPO 2007, Nasdaq: “AUTH”), Wall Street Institute (sold Wall Street English to Pearson PLC), Ingenio (sold to AT&T), USBX (sold to Imperial Capital), Secure Elements (sold to Fortinet), and others. |
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In the 1990s, Grady was a Managing Director and member of the Management Committee at Robertson Stephens & Company, an investment bank focused on growth companies in technology and health care that was acquired by Bank of America and subsequently by Bank Boston Corporation. |
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Mr. Grady is a Director of public companies Maxim Integrated Products (Nasdaq: “MXIM”), one of the world’s leading producers of analog semiconductors; Stifel Financial (NYSE: “SF”), a major brokerage and asset management firm which acquired Thomas Weisel Partners Group in 2010; and several private companies, including Eleutian Technology (a provider of online English language training), E-Screen (which provides instant drug testing products and services), Symbio (a provider of outsourced software development), and Viator (an online travel company). In the non-profit world, Grady is a Trustee of the Jackson Hole (WY) Land Trust and the Resources First Foundation; was a long-time Trustee of the Environmental Defense Fund (“EDF”), and was Chairman of the Board of Resources for the Future (“RFF”). |
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== Political Career == |
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Grady began his career as Legislative Assistant and then Chief of Staff for the late New Jersey Congresswoman Millicent H. Fenwick (1979-1982). He went on to serve as Communications Director for former New Jersey Governor, Thomas H. Kean (1983-1986). Grady was a speechwriter and policy adviser for Vice President George H.W. Bush during the 1988 Presidential campaign, and served in the White House for President Bush as Associate Director of the Office of Management and Budget (“OMB”) for Natural Resources, Energy and Science (1989-1991); Executive Associate Director of OMB; and as Deputy Assistant to the President (1991-1993). He was widely known for advising President Bush in the crafting of the Clean Air Act Amendments of 1990, and helping to shepherd that legislation through Congress. |
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Since then, Grady has served as a part-time adviser to a number of leading political figures. In 2001, President George W. Bush appointed Grady to be a member of the Advisory Committee on Trade and Policy Negotiations (ACTPN) and he was appointed by the Administrator of NASA during the George W. Bush Administration to be a member of the NASA Advisory Council’s Task Force on the cost and management of the International Space Station. |
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Noted early on by Newsweek as “one of three thirty-somethings to watch” (along with Condolezza Rice and Robert Zoellick) and as (OMB Director) Richard G. Darman’s “polished No.2” in President George H.W. Bush’s White House, Grady has emerged in recent years as an adviser to various leading Republican candidates and public officials, serving as Co-Chairman of George W. Bush’s campaign in California in both 2000 and 2004, and as an architect of Arnold Schwarzenegger’s environmental and economic policies during the 2003 California gubernatorial recall election and member of Schwarzenegger’s transition team. Most recently, Grady has garnered attention on the national political scene as co-chairman and key member of the Transition Task Force on Budget and Taxes for Governor Chris Christie in New Jersey, who has been hailed in conservative editorial pages such as The Weekly Standard and the Wall Street Journal for his budget cuts. Consequently, Grady currently wields “lots of economic clout” in leading the Governor’s Council on Economic Advisors and representing Christie on the State Investment Council at a time when “all eyes are on New Jersey.” Press reports have also cited Grady as the author of Governor Christie’s Inaugural Address and his budget addresses to Joint Sessions of the New Jersey Legislature. |
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== Personal, Media, and Academia == |
== Personal, Media, and Academia == |
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Robert Grady grew up in Livingston, New Jersey |
Robert Grady grew up in [[Livingston, New Jersey]] and graduated with honors from [[Harvard University]]<ref name=Marketwire /> where he was an editor of [[The Harvard Crimson]]<ref name=Post /> and a student leader in the movement to get Harvard to [[divestment|divest]] from [[apartheid]]-era [[South Africa]]. Grady continued his advocacy of the divestment cause in advising the former Governor of New Jersey, [[Thomas Kean]], to sign a bill requiring New Jersey’s pension fund to divest stocks of companies doing business in South Africa. This led the [[New York Times]], in a profile of the then-27 year old [[speechwriter]], to comment that Grady was a “wordsmith who drew from his own deep well” in crafting a speech “ringing with conviction” that not only echoed Kean’s sentiments but represented his own “declaration of faith” on the issue of divestment{{cn}}. Grady earned a [[Master of Business Administration]] from the [[Stanford Graduate School of Business]]<ref name=Marketwire />, where he later served as a faculty member and lecturer on public management from 1994-2004<ref name="Testimony">{{cite web|last=Grady|first=Robert|title=TESTIMONY OF ROBERT E. GRADY MANAGING DIRECTOR, CARLYLE VENTURE PARTNERS, and MEMBER OF THE BOARD OF DIRECTORS, NATIONAL VENTURE CAPITAL ASSOCIATION (“NVCA”) BEFORE THE SUBCOMMITTEE ON CAPITAL MARKETS, INSURANCE AND GOVERNMENT-SPONSORED ENTERPRISES COMMITTEE ON FINANCIAL SERVICES U.S. HOUSE OF REPRESENTATIVES|url=http://financialservices.house.gov/media/pdf/042104rg.pdf|accessdate=24 July 2010|date=21|month=April|year=2004}}</ref>. A venture capital industry leader and growth company expert, he has published numerous articles and appeared in the [[Wall Street Journal]], [[Time (magazine)|TIME magazine]], the [[Washington Post]], the [[Los Angeles Times]], the [[San Francisco Chronicle]] and others{{cn}}. He is described in [[Jeffrey Birnbaum]]’s ''The Money Men'' as a “highly successful” investment banker<ref>{{cite book|last=Birnbaum|first=Jeffrey H.|title=The Money Men: The Real Story of Fund-raising's Influence on Political Power in America|year=2000|publisher=Crown|pages=287|url=http://books.google.com/books?id=rfeGAAAAMAAJ&dq=the+money+men&hl=en&ei=_C9LTKK5BIH48AbNmK00&sa=X&oi=book_result&ct=result&resnum=1&ved=0CCkQ6AEwAA}}</ref>. Grady is a frequent and popular commentator, appearing on [[American Broadcasting Company|ABC]]’s ''[[Nightline]]'', [[CNBC]]’s ''[[Squawk Box]]'' and ''[[Street Signs (CNBC)|Street Signs]]'', the [[CBS]] ''[[CBS Evening News|Evening News]]'', [[CNN]]’s ''[[Crossfire (TV series)|Crossfire]]'' and ''[[Lou Dobbs Tonight|Moneyline]]'', [[Public Broadcasting Service|PBS]], [[Fox Business Network|Fox Business News]] and other major media outlets{{cn}} as a spokesman for growth-oriented economic policies, market-based [[environmental law|environmental regulation]], and generally [[fiscal conservatism|conservative]] fiscal positions. |
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== References == |
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<!--- See [[Wikipedia:Footnotes]] on how to create references using <ref></ref> tags which will then appear here automatically --> |
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{{Reflist}} Tomio Geron, “Ex-Carlyle Partner Sees Opportunity in Wide Open Spaces,” WSJ.com, |
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Wall Street Journal Blog, February 17, 2010. |
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http://blogs.wsj.com/venturecapital/2010/02/17/cheyenne-capitals-grady-sees-opportunity-in-wide-open-spaces/?blog_id=106&post_id=5079 http://people.forbes.com/profile/robert-e-grady/8675 (accessed June 22, 2010). |
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“Governor-elect Christie Names Eristoff as Treasurer” (Update4), January 14, 2010. http://www.businessweek.com/news/2010-01-14/governor-elect-christie-names-eristoff-as-treasurer-update3-.html (accessed June 22, 2010). |
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Lisa Fleisher, “Gov.-Elect Chris Christie Picks Former aide to Rudy Giuliani as Treasurer,” New Jersey Real Time News, January 14, 2010. http://www.bloomberg.com/apps/news?pid=20601103&sid=aozx8xRN6Mzg (accessed June 22, 2010). |
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Bloomberg Businessweek, “Christie Names Carlyle Ex-Partner to Investment Council,” May 11, 2010. |
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http://www.businessweek.com/news/2010-05-12/new-jersey-investment-chair-orin-kramer-takes-leave-update2-.html (accessed June 22, 2010) |
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“Disclosing Donors; Saving NJN; New Investment Council Chief,” Great Grady, June 13, 2010. |
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http://blog.nj.com/njv_auditor/2010/06/disclosing_donors_saving_njn_n.html (accessed June 22, 2010). |
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http://www.megwhitman.com/story/167/meg-whitmans-finance-committee-leadership-team.html (accessed June 22, 2010). |
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Rebecca Buckman, “Venture Capital Goes Big,” Wall Street Journal, October 5, 2007. [in PDF file format need to link –get password] |
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Press Release “Robert Grady of Carlyle Group Venture Partners Elected Chairman for National Venture Capital Association,” National Venture Capital Association. April 27, 2006. |
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“Interview with Robert Grady: Putting Capital Where it Grows,” Forbes/Wolfe Emerging Tech Report Vol 9/Number 2/February 2010. |
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Joseph Treaster, “Bank of America to Buy Robertson Stephens Investment Company,” New York Times, June 6, 2009. |
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http://www.nytimes.com/1997/06/09/business/bankamerica-to-buy-robertson-stephens-investment-company.html (accessed June 22, 2010). |
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“Top Robertson Stephens eCommerce Investment Banker to Join Carlyle Group as Managing Director,” Business Wire, April 27, 2000. |
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House Committee on Financial Services, Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, Shared- Based Payment Testimony of Robert E. Grady, Managing Director, Carlyle Venture Partners, and Board of Directors, NVCA, April 21, 2004 http://financialservices.house.gov/media/pdf/042104rg.pdf (accessed July 6, 2010). |
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http://www.allbusiness.com/banking-finance/financial-markets-investing/6473035.html (accessed June 18, 2010). |
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“AuthenTec Elects Robert E. Grady Chairman of the Board,” Financial Content, Business Wire News Release, January 25, 2010. |
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“Global Leader in Venture Capital With Extensive Investing, Capital Markets and Government Experience, Robert E. Grady Joins Symbio’s Board of Directors,” Marketwire, August 19, 2008. |
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http://www.marketwire.com/press-release/Robert-E-Grady-Joins-Symbios-Board-of-Directors-NASDAQ-AUTH-891141.htm (accessed June 22, 2010). |
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“Robert Grady Joins Weisel Partner’s Board,” Industry Leader and Growth Company Expert to Serve as an Independent Board Member, Marketwire, Press Release, Thomas Weisel Partners, September 25, 2009. |
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http://ca.us.biz.yahoo.com/iw/090925/0540919.html?.v=1 (accessed June 18, 2010). |
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“Bush’s Team: The First Choices,” New York Times, January 23, 1989. http://www.nytimes.com/1989/01/23/us/bush-s-team-the-firstchoices.html?pagewanted=1 |
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Bill McAllister and Judith Havemann, “Speech Writer Named Senior Advisor,” Washington Post, November 24, 1988. |
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http://www.encyclopedia.com/doc/1P2-1291708.html (accessed June 22, 2010). |
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David Hoffman, “Bush Names USIA Director, Fills Slots at OMB; President-Elect Digs Into Network of Old Friends, Political Allies for Key Positions,” Washington Post, January 19, 1989, Final Edition. |
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http://pqasb.pqarchiver.com/washingtonpost/access/73773534.html?FMT=ABS&FMTS=ABS:FT&date=Jan+19%2C+1989&author=David+Hoffman&pub=The+Washington+Post+(pre1997+Fulltext)&edition=&startpage=a.06&desc=Bush+Names+USIA+Director%2C+Fills+Slots+at+OMB%3B+PresidentElect+Digs+Into+Network+of+Old+Friends%2C+Political+Allies+for+Key+Positions (accessed June 23, 2010). |
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Richard E. Cohen, “Washington At Work: Back Rooms and Clean Air” (2nd Edition) (New York: Longman Pub Group 1995) |
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http://www.amazon.com/Washington-At-Work-Rooms-Clean/dp/0023232005 (accessed July 8,2010). Tomio Geron, “Ex-Carlyle Partner Sees Opportunity in Wide Open Spaces,” WSJ.com, |
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Wall Street Journal Blog, February 17, 2010. |
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http://blogs.wsj.com/venturecapital/2010/02/17/cheyenne-capitals-grady-sees-opportunity-in-wide-open-spaces/?blog_id=106&post_id=5079 http://people.forbes.com/profile/robert-e-grady/8675 (accessed June 22, 2010). |
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“Governor-elect Christie Names Eristoff as Treasurer” (Update4), January 14, 2010. http://www.businessweek.com/news/2010-01-14/governor-elect-christie-names-eristoff-as-treasurer-update3-.html (accessed June 22, 2010). |
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Lisa Fleisher, “Gov.-Elect Chris Christie Picks Former aide to Rudy Giuliani as Treasurer,” New Jersey Real Time News, January 14, 2010. http://www.bloomberg.com/apps/news?pid=20601103&sid=aozx8xRN6Mzg (accessed June 22, 2010). |
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Bloomberg Businessweek, “Christie Names Carlyle Ex-Partner to Investment Council,” May 11, 2010. |
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http://www.businessweek.com/news/2010-05-12/new-jersey-investment-chair-orin-kramer-takes-leave-update2-.html (accessed June 22, 2010) |
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“Disclosing Donors; Saving NJN; New Investment Council Chief,” Great Grady, June 13, 2010. |
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http://blog.nj.com/njv_auditor/2010/06/disclosing_donors_saving_njn_n.html (accessed June 22, 2010). |
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http://www.megwhitman.com/story/167/meg-whitmans-finance-committee-leadership-team.html (accessed June 22, 2010). |
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Rebecca Buckman, “Venture Capital Goes Big,” Wall Street Journal, October 5, 2007. [in PDF file format need to link –get password] |
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Press Release “Robert Grady of Carlyle Group Venture Partners Elected Chairman for National Venture Capital Association,” National Venture Capital Association. April 27, 2006. |
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“Interview with Robert Grady: Putting Capital Where it Grows,” Forbes/Wolfe Emerging Tech Report Vol 9/Number 2/February 2010. |
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Joseph Treaster, “Bank of America to Buy Robertson Stephens Investment Company,” New York Times, June 6, 2009. |
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http://www.nytimes.com/1997/06/09/business/bankamerica-to-buy-robertson-stephens-investment-company.html (accessed June 22, 2010). |
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“Top Robertson Stephens eCommerce Investment Banker to Join Carlyle Group as Managing Director,” Business Wire, April 27, 2000. |
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House Committee on Financial Services, Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, Shared- Based Payment Testimony of Robert E. Grady, Managing Director, Carlyle Venture Partners, and Board of Directors, NVCA, April 21, 2004 http://financialservices.house.gov/media/pdf/042104rg.pdf (accessed July 6, 2010). |
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http://www.allbusiness.com/banking-finance/financial-markets-investing/6473035.html (accessed June 18, 2010). |
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“AuthenTec Elects Robert E. Grady Chairman of the Board,” Financial Content, Business Wire News Release, January 25, 2010. |
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“Global Leader in Venture Capital With Extensive Investing, Capital Markets and Government Experience, Robert E. Grady Joins Symbio’s Board of Directors,” Marketwire, August 19, 2008. |
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http://www.marketwire.com/press-release/Robert-E-Grady-Joins-Symbios-Board-of-Directors-NASDAQ-AUTH-891141.htm (accessed June 22, 2010). |
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“Robert Grady Joins Weisel Partner’s Board,” Industry Leader and Growth Company Expert to Serve as an Independent Board Member, Marketwire, Press Release, Thomas Weisel Partners, September 25, 2009. |
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http://ca.us.biz.yahoo.com/iw/090925/0540919.html?.v=1 (accessed June 18, 2010). |
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“Bush’s Team: The First Choices,” New York Times, January 23, 1989. http://www.nytimes.com/1989/01/23/us/bush-s-team-the-firstchoices.html?pagewanted=1 |
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Bill McAllister and Judith Havemann, “Speech Writer Named Senior Advisor,” Washington Post, November 24, 1988. |
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http://www.encyclopedia.com/doc/1P2-1291708.html (accessed June 22, 2010). |
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David Hoffman, “Bush Names USIA Director, Fills Slots at OMB; President-Elect Digs Into Network of Old Friends, Political Allies for Key Positions,” Washington Post, January 19, 1989, Final Edition. |
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http://www.prospect.org/cs/articles;jsessionid=awS0JzE5DBLaevHdVM?article=the_money_game |
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ACTPN, The U.S. - Central America Free Trade Agreement (CAFTA), The Report of the Advisory Committee for Trade Policy and Negotiations, Report to the President, March 12, 2004. |
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http://www.cpath.org/sitebuildercontent/sitebuilderfiles/actpn.pdf (accessed June 22, 2010). |
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NASA, Report by the International Space Station (ISS) Management and Evaluation(IMCE) Task Force to the NASA Advisory Council, November 1, 2001 |
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ftp://ftp.hq.nasa.gov/pub/pao/reports/2001/imce.pdf (accessed June 22, 2010). |
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Mary Lu Carnevale, “Political Wisdom: From Christie to Crist” Capital Journal, Wall Street Journal, April 24, 2010, morning edition. |
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http://blogs.wsj.com/capitaljournal/2010/04/24/political-wisdom-from-christie-to-crist/ (accessed June 22, 2010). |
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Lisa Fleisher, “Governor Christie Rules Out 2010 Run for President,” NorthJersey.com, April 28, 2010. (accessed June 23,2010) |
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http://www.northjersey.com/news/state/politics/042810_Governor_Christie_rules_out_2012_run_for_president.html (accessed June 23, 2010). |
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National Public Radio, American Public Media “N.J. Governor Eyes School Funding,” May 18, 2010. http://marketplace.publicradio.org/episodes/episode_index.php (accessed June 24, 2010). |
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Michael Norman,“2 APPROACHES SHAPE CANDIDATES' ORATORY IN JERSEY CAMPAIGN FOR GOVERNOR,” New York Times, October 22, 1985. |
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http://www.nytimes.com/1985/10/22/nyregion/2-approaches-shape-candidates-oratory-in-jersey-campaign-for-governor.html (accessed July 8, 2010). |
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http://en.wikipedia.org/wiki/Stanford_Graduate_School_of_Business#Prominent_MBA_and_MA_alumni (accessed July 8,2010). |
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Jeffrey H. Birnbaum, The Money Men: The Real Story of Fund-raising's Influence on Political Power in America (New York:Crown Publishers 2000). |
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http://www.amazon.com/Money-Men-Fund-raisings-Influence-Political/dp/081293119X (accessed July 8, 2010). |
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Robert E. Grady, “California's technology economy: Dead or just resting? Where do we grow from here?” Remarks, Remarks of Robert E. Grady, Managing Director, The Carlyle Group |
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Annual Business Forecast Lunch, Haas School Of Business, University Of California, Berkeley,World Trade Club, San Francisco, California,April 9, 2003. |
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http://www.haas.berkeley.edu/news/Grady.html (accessed July 8, 2010). |
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http://venturecompany.com/opinions/files/tag-innovation.html (accessed July 8,2010). |
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Fox Business News, “ Expert: Greek Debt Crisis a Wakeup Call for U.S., Cheyenne Capital Fund Managing Director Robert Grady Argues the Greek Crisis will Spread to the U.S.,” May 10,2010. |
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http://video.foxbusiness.com/v/4186577/expert-greek-crisis-a-wakeup-call-for-us-/ (accessed June 24, 2010). |
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CNBC, Street Signs with Erin Burnett, “Is it Still Smart to Invest in America? Robert Grady, of Cheyenne Capital, Shares his Insight,” |
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http://www.cnbc.com/id/15840232?video=1522693967&play=1 (accessed June 24, 2010). |
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Wyoming PBS WHYY, Wyoming Chronicle, “Bob Grady on the Economy,” February 26, 2010. |
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http://video.mpbn.net/video/1422470641/# (accessed June 24, 2010) |
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Robert E. Grady, “California Vote Is a Red Flag for Kerry.” Los Angeles Times, Commentary, March 05, 2004. |
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http://articles.latimes.com/2004/mar/05/opinion/oe-grady5 (accessed July 2, 2010). |
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Robert E, Grady, “The Sarbox Monster,” Wall Street Journal, Opinion Journal, April 26, 2007. |
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http://online.wsj.com/article/SB117755557121683041.html (accessed June 25, 2010). |
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Robert E. Grady, “Light Cars Are Dangerous And Other Unintended Consequences of Strict Fuel-Economy Standards,” Wall Street Journal, Opinion Journal, May 22, 2009. |
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http://online.wsj.com/article/SB124294901851445311.html (accessed June 24, 2010). |
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Robert E. Grady, “Searching for the Son of Kyoto,” Time, June 25, 2001. |
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http://www.time.com/time/magazine/article/0,9171,1000165,00.html (accessed June 24, 2010). |
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“Private Equity's Hot Streak: Where Is It Headed?” Keynote Address, Wharton Private Equity Conference, Wharton School, University of Pennsylvania, March 7, 2006. |
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http://knowledge.wharton.upenn.edu/article.cfm?articleid=1414 (accessed June 25, 2010). |
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== Business career == |
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Grady is a former managing director, member of the Management Committee, and head of Venture and Growth Capital at the [[Carlyle Group]]<ref name=Forbes />, the world’s second largest private equity firm<ref name="McNichol">{{cite web|last=McNichol|first=Dunstan|title=New Jersey's Christie Names Former Carlyle Partner to Investment Council|url=http://www.bloomberg.com/news/2010-05-11/christie-names-ex-carlyle-partner-grady-to-help-oversee-n-j-pension-fund.html|publisher=Bloomberg|accessdate=24 July 2010|date=11|month=May|year=2010}}</ref>. During his tenure at Carlyle, Grady served for six years as a director and two as chairman (2006 to 2007) of the [[National Venture Capital Association]] (“NVCA”)<ref name=Forbes />, which represents more than 400 U.S. venture capital firms. He was a director of several Carlyle companies, including [[Blackboard Inc.]]<ref name=Geron />, AuthenTec<ref name=Forbes />, [[Wall Street Institute]]<ref name=Geron />, Ingenio, USBX, [[Panasas]], Secure Elements<ref name=Testimony />, and others. |
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In the 1990s, Grady was a managing director and member of the Management Committee at [[Robertson Stephens]]<ref name=Geron />, an investment bank focused on [[growth stock|growth companies]] in technology and healthcare, that was acquired by [[Bank of America]] and subsequently by [[BankBoston]]. Grady is a director of companies [[Maxim Integrated Products]]<ref name=Forbes />, one of the world’s leading producers of analog [[semiconductors]]; [[Stifel Nicolaus|Stifel Financial]]<ref name="Yahoo">{{cite web|last=Thomas Weisel Partners Group, Inc. |title=Robert Grady Joins Thomas Weisel Partners' Board of Directors|url=http://ca.us.biz.yahoo.com/iw/090925/0540919.html?.v=1|publisher=Yahoo! Finance|accessdate=24 July 2010}}</ref>, a major [[broker]]age and [[investment management|asset management]] firm which acquired [[Thomas Weisel Partners|Thomas Weisel Partners Group]] in 2010; Eleutian Technology<ref name=Geron />, a provider of online English language training; eScreen<ref name=Marketwire />, which provides instant drug testing products and services; [[Symbio]]<ref name="Marketwire">{{cite web|last=Symbio Group|title=Robert E. Grady Joins Symbio's Board of Directors |url=http://www.marketwire.com/press-release/Robert-E-Grady-Joins-Symbios-Board-of-Directors-NASDAQ-AUTH-891141.htm|publisher=Marketwire|accessdate=24 July 2010|date=19|month=August|year=2008}}</ref>, a provider of outsourced software development; and Viator<ref name=Marketwire />, an online travel company. In the non-profit world, Grady is a trustee of the Jackson Hole Land Trust in [[Wyoming]] and the Resources First Foundation. He was a long-time trustee of the [[Environmental Defense Fund]] (EDF)<ref name=Marketwire />, and was chairman of the board of [[Resources for the Future]] (“RFF”). |
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== Political Career == |
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Grady began his career as [[legislative assistant]] and then [[chief of staff]] for the late New Jersey Congresswoman [[Millicent Fenwick]]<ref name=Hoffman />. He went on to serve as [[director of communications|communications director]] for former New Jersey Governor [[Thomas Kean]]<ref name=Post />. Grady was a speechwriter and policy adviser for [[George H.W. Bush]] during the [[United States presidential election, 1988|1988 Presidential campaign]]<ref name="Post">{{cite web|last=McAllister|first=Bill|title=Speech Writer Named a Senior Adviser|url=http://www.encyclopedia.com/doc/1P2-1291708.html|publisher=The Washington Post|accessdate=24 July 2010}}</ref>, and served in the White House for Bush as Associate Director of the Office of Management and Budget (“OMB”) for Natural Resources, Energy and Science (1989-1991)<ref name="Hoffman">{{cite web|last=Hoffman|first=David|title=Bush Names USIA Director, Fills Slots at OMB; President-Elect Digs Into Network of Old Friends, Political Allies for Key Positions|url=http://pqasb.pqarchiver.com/washingtonpost/access/73773534.html?FMT=ABS&FMTS=ABS:FT&date=Jan+19,+1989&author=David+Hoffman&pub=The+Washington+Post+(pre1997+Fulltext)&edition=&startpage=a.06&desc=Bush+Names+USIA+Director,+Fills+Slots+at+OMB;+PresidentElect+Digs+Into+Network+of+Old+Friends,+Political+Allies+for+Key+Positions|publisher=The Washington Post|accessdate=24 July 2010}}</ref>; Executive Associate Director of OMB<ref name=Forbes />; and as [[Deputy Assistant to the President#Organization|Deputy Assistant to the President]] (1991-1993)<ref name=Geron />. He was widely known for advising Bush in the crafting of the [[Clean Air Act (United States)|Clean Air Act]] Amendments of 1990, and helping to shepherd that legislation through [[101st United States Congress|Congress]]<ref name=Hoffman />. |
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Since then, Grady has served as a part-time adviser to a number of political figures. In 2001, President [[George W. Bush]] appointed Grady to be a member of the Advisory Committee on Trade and Policy Negotiations (ACTPN)<ref>{{cite web|title=Membership: Advisory Committee for Trade Policy and Negotiations (ACTPN)|url=http://www.cpath.org/sitebuildercontent/sitebuilderfiles/actpn.pdf|accessdate=24 July 2010|page=14}}</ref> and he was appointed by the [[Administrator of the National Aeronautics and Space Administration|Administrator of NASA]] during the George W. Bush administration to be a member of the [[NASA]] Advisory Council’s Task Force on the cost and management of the [[International Space Station]]<ref name=Marketwire />. |
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Noted early on by [[Newsweek]] as “one of three thirty-somethings to watch” (along with [[Condoleezza Rice]] and [[Robert Zoellick]]) and as OMB Director [[Richard Darman]]’s “polished No. 2” in George H.W. Bush’s White House{{cn}}, Grady has emerged in recent years as an adviser to various leading [[Republican Party (United States)|Republican]] candidates and public officials. He served as co-chairman of George W. Bush’s campaign in California in both 2000 and 2004, and as an architect of [[Arnold Schwarzenegger]]’s environmental and economic policies during the [[California gubernatorial recall election, 2003|2003 California gubernatorial recall election]] and member of Schwarzenegger’s transition team. Most recently, Grady has served as co-chairman and member of the Transition Task Force on Budget and Taxes for Governor Chris Christie in New Jersey<ref name=McNichol />, who has been hailed in conservative editorial pages such as [[The Weekly Standard]] and the [[Wall Street Journal]] for his budget cuts<ref name="Fleisher">{{cite web|last=Fleisher|first=Lisa|title=Governor Christie rules out 2012 run for president|url=http://www.northjersey.com/news/state/politics/042810_Governor_Christie_rules_out_2012_run_for_president.html|publisher=NorthJersey.com|accessdate=24 July 2010}}</ref>. Consequently, Grady currently wields “lots of economic clout” in leading the Governor’s Council on Economic Advisors and representing Christie on the State Investment Council at a time when “all eyes are on New Jersey.”{{CN}} Press reports have also cited Grady as the author of Governor Christie’s Inaugural Address and his budget addresses to Joint Sessions of the New Jersey Legislature.{{CN}} He is working on the finance team for [[Meg Whitman]]'s 2010 gubernatorial campaign.<ref>{{cite web|title=Meg Whitman's Finance Committee Leadership Team|url=http://www.megwhitman.com/story/167/meg-whitmans-finance-committee-leadership-team.html|publisher=Meg Whitman for Governor|accessdate=24 July 2010|date=26|month=May|year=2009}}</ref> |
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==References== |
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== External links == |
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{{reflist}} |
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* [http://www.example.com/ example.com] |
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Cheyenne Capital Fund http://www.cheyennefund.com/ |
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Maxim Integrated Products http://www.maxim-ic.com/ |
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Stifel Financial http://www.stifel.com/framesetURL.asp?URL=/homepageFrameset.asp |
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Thomas Weisel Partners http://www.tweisel.com/ |
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Pardee RAND Graduate School http://www.prgs.edu/ |
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George Bush Presidential Library and Museum http://bushlibrary.tamu.edu/ |
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Jackson Hole Land Trust http://www.jhlandtrust.org/ |
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Resources First Foundation http://www.resourcesfirstfoundation.org/ |
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[[Category:Living people]] |
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{{uncategorized}} |
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[[Category:American businesspeople]] |
Revision as of 18:37, 24 July 2010
Robert E. Grady | |
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File:WSJ Robert E. Grady.jpg | |
Born | 1959 (age 64–65)[1] |
Nationality | American |
Alma mater | Harvard University |
Robert E. Grady is an American venture capitalist and investment banker, and a senior-level public official. Currently, he is managing director at Cheyenne Capital Fund[3], Chairman of the State of New Jersey Council of Economic Advisors for Governor Christopher J. Christie[4], and a member of the New Jersey State Investment Council[5]. Grady also serves as a director of multiple companies; serves on the National Commission on Energy Policy[6]; is a member of the Board of Governors of the Frederick S. Pardee RAND Graduate School, the International Advisory Board of The Harvard Center for Environmental Economics, and the Council on Foreign Relations[6]; is a Visiting Fellow at Stanford University’s Hoover Institution; and is a financial and policy adviser to numerous political campaigns and government officials of national import.
Personal, Media, and Academia
Robert Grady grew up in Livingston, New Jersey and graduated with honors from Harvard University[6] where he was an editor of The Harvard Crimson[7] and a student leader in the movement to get Harvard to divest from apartheid-era South Africa. Grady continued his advocacy of the divestment cause in advising the former Governor of New Jersey, Thomas Kean, to sign a bill requiring New Jersey’s pension fund to divest stocks of companies doing business in South Africa. This led the New York Times, in a profile of the then-27 year old speechwriter, to comment that Grady was a “wordsmith who drew from his own deep well” in crafting a speech “ringing with conviction” that not only echoed Kean’s sentiments but represented his own “declaration of faith” on the issue of divestment[citation needed]. Grady earned a Master of Business Administration from the Stanford Graduate School of Business[6], where he later served as a faculty member and lecturer on public management from 1994-2004[8]. A venture capital industry leader and growth company expert, he has published numerous articles and appeared in the Wall Street Journal, TIME magazine, the Washington Post, the Los Angeles Times, the San Francisco Chronicle and others[citation needed]. He is described in Jeffrey Birnbaum’s The Money Men as a “highly successful” investment banker[9]. Grady is a frequent and popular commentator, appearing on ABC’s Nightline, CNBC’s Squawk Box and Street Signs, the CBS Evening News, CNN’s Crossfire and Moneyline, PBS, Fox Business News and other major media outlets[citation needed] as a spokesman for growth-oriented economic policies, market-based environmental regulation, and generally conservative fiscal positions.
Business career
Grady is a former managing director, member of the Management Committee, and head of Venture and Growth Capital at the Carlyle Group[1], the world’s second largest private equity firm[2]. During his tenure at Carlyle, Grady served for six years as a director and two as chairman (2006 to 2007) of the National Venture Capital Association (“NVCA”)[1], which represents more than 400 U.S. venture capital firms. He was a director of several Carlyle companies, including Blackboard Inc.[3], AuthenTec[1], Wall Street Institute[3], Ingenio, USBX, Panasas, Secure Elements[8], and others.
In the 1990s, Grady was a managing director and member of the Management Committee at Robertson Stephens[3], an investment bank focused on growth companies in technology and healthcare, that was acquired by Bank of America and subsequently by BankBoston. Grady is a director of companies Maxim Integrated Products[1], one of the world’s leading producers of analog semiconductors; Stifel Financial[10], a major brokerage and asset management firm which acquired Thomas Weisel Partners Group in 2010; Eleutian Technology[3], a provider of online English language training; eScreen[6], which provides instant drug testing products and services; Symbio[6], a provider of outsourced software development; and Viator[6], an online travel company. In the non-profit world, Grady is a trustee of the Jackson Hole Land Trust in Wyoming and the Resources First Foundation. He was a long-time trustee of the Environmental Defense Fund (EDF)[6], and was chairman of the board of Resources for the Future (“RFF”).
Political Career
Grady began his career as legislative assistant and then chief of staff for the late New Jersey Congresswoman Millicent Fenwick[11]. He went on to serve as communications director for former New Jersey Governor Thomas Kean[7]. Grady was a speechwriter and policy adviser for George H.W. Bush during the 1988 Presidential campaign[7], and served in the White House for Bush as Associate Director of the Office of Management and Budget (“OMB”) for Natural Resources, Energy and Science (1989-1991)[11]; Executive Associate Director of OMB[1]; and as Deputy Assistant to the President (1991-1993)[3]. He was widely known for advising Bush in the crafting of the Clean Air Act Amendments of 1990, and helping to shepherd that legislation through Congress[11].
Since then, Grady has served as a part-time adviser to a number of political figures. In 2001, President George W. Bush appointed Grady to be a member of the Advisory Committee on Trade and Policy Negotiations (ACTPN)[12] and he was appointed by the Administrator of NASA during the George W. Bush administration to be a member of the NASA Advisory Council’s Task Force on the cost and management of the International Space Station[6].
Noted early on by Newsweek as “one of three thirty-somethings to watch” (along with Condoleezza Rice and Robert Zoellick) and as OMB Director Richard Darman’s “polished No. 2” in George H.W. Bush’s White House[citation needed], Grady has emerged in recent years as an adviser to various leading Republican candidates and public officials. He served as co-chairman of George W. Bush’s campaign in California in both 2000 and 2004, and as an architect of Arnold Schwarzenegger’s environmental and economic policies during the 2003 California gubernatorial recall election and member of Schwarzenegger’s transition team. Most recently, Grady has served as co-chairman and member of the Transition Task Force on Budget and Taxes for Governor Chris Christie in New Jersey[2], who has been hailed in conservative editorial pages such as The Weekly Standard and the Wall Street Journal for his budget cuts[13]. Consequently, Grady currently wields “lots of economic clout” in leading the Governor’s Council on Economic Advisors and representing Christie on the State Investment Council at a time when “all eyes are on New Jersey.”[citation needed] Press reports have also cited Grady as the author of Governor Christie’s Inaugural Address and his budget addresses to Joint Sessions of the New Jersey Legislature.[citation needed] He is working on the finance team for Meg Whitman's 2010 gubernatorial campaign.[14]
References
- ^ a b c d e f "Robert E. Grady Profile". Forbest. Retrieved 24 July 2010.
- ^ a b c McNichol, Dunstan (11). "New Jersey's Christie Names Former Carlyle Partner to Investment Council". Bloomberg. Retrieved 24 July 2010.
{{cite web}}
: Check date values in:|date=
and|year=
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ignored (help) - ^ a b c d e f Geron, Tomio. "Ex-Carlyle Partner Grady Seeks Opportunity in Wide Open Spaces". The Wall Street Journal. Retrieved 24 July 2010.
- ^ Dopp, Terrence. "Governor-elect Christie Names Eristoff as Treasurer (Update4)". Bloomberg. Retrieved 24 July 2010.
- ^ "Disclosing donors; saving NJN; new Investment Council chief". NJ.com. Retrieved 24 July 2010.
- ^ a b c d e f g h i Symbio Group (19). "Robert E. Grady Joins Symbio's Board of Directors". Marketwire. Retrieved 24 July 2010.
{{cite web}}
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and|year=
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ignored (help) - ^ a b c McAllister, Bill. "Speech Writer Named a Senior Adviser". The Washington Post. Retrieved 24 July 2010.
- ^ a b Grady, Robert (21). "TESTIMONY OF ROBERT E. GRADY MANAGING DIRECTOR, CARLYLE VENTURE PARTNERS, and MEMBER OF THE BOARD OF DIRECTORS, NATIONAL VENTURE CAPITAL ASSOCIATION ("NVCA") BEFORE THE SUBCOMMITTEE ON CAPITAL MARKETS, INSURANCE AND GOVERNMENT-SPONSORED ENTERPRISES COMMITTEE ON FINANCIAL SERVICES U.S. HOUSE OF REPRESENTATIVES" (PDF). Retrieved 24 July 2010.
{{cite web}}
: Check date values in:|date=
and|year=
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ignored (help) - ^ Birnbaum, Jeffrey H. (2000). The Money Men: The Real Story of Fund-raising's Influence on Political Power in America. Crown. p. 287.
- ^ Thomas Weisel Partners Group, Inc. "Robert Grady Joins Thomas Weisel Partners' Board of Directors". Yahoo! Finance. Retrieved 24 July 2010.
- ^ a b c Hoffman, David. "Bush Names USIA Director, Fills Slots at OMB; President-Elect Digs Into Network of Old Friends, Political Allies for Key Positions". The Washington Post. Retrieved 24 July 2010.
- ^ "Membership: Advisory Committee for Trade Policy and Negotiations (ACTPN)" (PDF). p. 14. Retrieved 24 July 2010.
- ^ Fleisher, Lisa. "Governor Christie rules out 2012 run for president". NorthJersey.com. Retrieved 24 July 2010.
- ^ "Meg Whitman's Finance Committee Leadership Team". Meg Whitman for Governor. 26. Retrieved 24 July 2010.
{{cite web}}
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