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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]] |
'''Robert E. Grady''' [[File:WSJ_Robert_E._Grady.jpg/thumb/Robert E. Grady, Carlyle Group,shown at Milken Institute Global Conference 2007]] |
Revision as of 16:59, 23 July 2010
Robert E. Grady File:WSJ Robert E. Grady.jpg/thumb/Robert E. Grady, Carlyle Group,shown at Milken Institute Global Conference 2007
Robert E. Grady is a successful American venture capitalist and investment banker, and a senior-level public official. Currently, he is a Partner at Cheyenne Capital Fund, a private equity investment firm, Chairman of the State of New Jersey’s Council of Economic Advisors for Governor Christopher J. Christie, and a Member of the New Jersey State Investment Council. Mr. Grady also serves as a director of multiple companies; serves on the National Commission on Energy Policy; is a member of the Board of Governors of the Pardee RAND Graduate School, the International Advisory Board of The Harvard Center for Environmental Economics, and the Council on Foreign Relations; is a Visiting Fellow at Stanford University’s Hoover Institution; and is a financial and policy advisor to numerous political campaigns and government officials of national import.
Business Career
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. 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. 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”).
Political Career
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. 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. 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.
Personal, Media, and Academia
Robert Grady grew up in Livingston, New Jersey, graduated with honors from Harvard where he was an editor of The Harvard Crimson 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 – leading 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. Listed among the school’s prominent alumni, Grady earned an MBA from the Stanford Graduate School of Business, where he later served as a faculty member and Lecturer on Public Management from 1994-2004. 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. Described in Jeffrey Birnbaum’s Money Men as a “highly successful” investment banker, Grady is a frequent and popular commentator, appearing on ABC’s Nightline, CNBC’s Squawkbox and Street Signs, the CBS Evening News, CNN’s Crossfire and Moneyline, PBS, Fox Business News and other major media outlets as a spokesman for growth-oriented economic policies, market-based environmental regulation, and generally conservative fiscal positions. Known as “skilled and jovial,” Grady can also be counted on to provide “the most rational explanation” when it comes to issues involving governmental regulation of private equity.
References
Tomio Geron, “Ex-Carlyle Partner Sees Opportunity in Wide Open Spaces,” WSJ.com,
Wall Street Journal Blog, February 17, 2010.
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).
“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).
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). Bloomberg Businessweek, “Christie Names Carlyle Ex-Partner to Investment Council,” May 11, 2010.
http://www.businessweek.com/news/2010-05-12/new-jersey-investment-chair-orin-kramer-takes-leave-update2-.html (accessed June 22, 2010)
“Disclosing Donors; Saving NJN; New Investment Council Chief,” Great Grady, June 13, 2010. http://blog.nj.com/njv_auditor/2010/06/disclosing_donors_saving_njn_n.html (accessed June 22, 2010). http://www.megwhitman.com/story/167/meg-whitmans-finance-committee-leadership-team.html (accessed June 22, 2010).
Rebecca Buckman, “Venture Capital Goes Big,” Wall Street Journal, October 5, 2007. [in PDF file format need to link –get password]
Press Release “Robert Grady of Carlyle Group Venture Partners Elected Chairman for National Venture Capital Association,” National Venture Capital Association. April 27, 2006.
“Interview with Robert Grady: Putting Capital Where it Grows,” Forbes/Wolfe Emerging Tech Report Vol 9/Number 2/February 2010.
Joseph Treaster, “Bank of America to Buy Robertson Stephens Investment Company,” New York Times, June 6, 2009.
http://www.nytimes.com/1997/06/09/business/bankamerica-to-buy-robertson-stephens-investment-company.html (accessed June 22, 2010).
“Top Robertson Stephens eCommerce Investment Banker to Join Carlyle Group as Managing Director,” Business Wire, April 27, 2000.
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). http://www.allbusiness.com/banking-finance/financial-markets-investing/6473035.html (accessed June 18, 2010).
“AuthenTec Elects Robert E. Grady Chairman of the Board,” Financial Content, Business Wire News Release, January 25, 2010.
“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. http://www.marketwire.com/press-release/Robert-E-Grady-Joins-Symbios-Board-of-Directors-NASDAQ-AUTH-891141.htm (accessed June 22, 2010).
“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.
http://ca.us.biz.yahoo.com/iw/090925/0540919.html?.v=1 (accessed June 18, 2010). “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
Bill McAllister and Judith Havemann, “Speech Writer Named Senior Advisor,” Washington Post, November 24, 1988. http://www.encyclopedia.com/doc/1P2-1291708.html (accessed June 22, 2010).
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.
Richard E. Cohen, “Washington At Work: Back Rooms and Clean Air” (2nd Edition) (New York: Longman Pub Group 1995)
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,
Wall Street Journal Blog, February 17, 2010.
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).
“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).
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). Bloomberg Businessweek, “Christie Names Carlyle Ex-Partner to Investment Council,” May 11, 2010.
http://www.businessweek.com/news/2010-05-12/new-jersey-investment-chair-orin-kramer-takes-leave-update2-.html (accessed June 22, 2010)
“Disclosing Donors; Saving NJN; New Investment Council Chief,” Great Grady, June 13, 2010. http://blog.nj.com/njv_auditor/2010/06/disclosing_donors_saving_njn_n.html (accessed June 22, 2010). http://www.megwhitman.com/story/167/meg-whitmans-finance-committee-leadership-team.html (accessed June 22, 2010).
Rebecca Buckman, “Venture Capital Goes Big,” Wall Street Journal, October 5, 2007. [in PDF file format need to link –get password]
Press Release “Robert Grady of Carlyle Group Venture Partners Elected Chairman for National Venture Capital Association,” National Venture Capital Association. April 27, 2006.
“Interview with Robert Grady: Putting Capital Where it Grows,” Forbes/Wolfe Emerging Tech Report Vol 9/Number 2/February 2010.
Joseph Treaster, “Bank of America to Buy Robertson Stephens Investment Company,” New York Times, June 6, 2009.
http://www.nytimes.com/1997/06/09/business/bankamerica-to-buy-robertson-stephens-investment-company.html (accessed June 22, 2010).
“Top Robertson Stephens eCommerce Investment Banker to Join Carlyle Group as Managing Director,” Business Wire, April 27, 2000.
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). http://www.allbusiness.com/banking-finance/financial-markets-investing/6473035.html (accessed June 18, 2010).
“AuthenTec Elects Robert E. Grady Chairman of the Board,” Financial Content, Business Wire News Release, January 25, 2010.
“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. http://www.marketwire.com/press-release/Robert-E-Grady-Joins-Symbios-Board-of-Directors-NASDAQ-AUTH-891141.htm (accessed June 22, 2010).
“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.
http://ca.us.biz.yahoo.com/iw/090925/0540919.html?.v=1 (accessed June 18, 2010). “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
Bill McAllister and Judith Havemann, “Speech Writer Named Senior Advisor,” Washington Post, November 24, 1988. http://www.encyclopedia.com/doc/1P2-1291708.html (accessed June 22, 2010).
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.
http://www.prospect.org/cs/articles;jsessionid=awS0JzE5DBLaevHdVM?article=the_money_game
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.
http://www.cpath.org/sitebuildercontent/sitebuilderfiles/actpn.pdf (accessed June 22, 2010). NASA, Report by the International Space Station (ISS) Management and Evaluation(IMCE) Task Force to the NASA Advisory Council, November 1, 2001 ftp://ftp.hq.nasa.gov/pub/pao/reports/2001/imce.pdf (accessed June 22, 2010).
Mary Lu Carnevale, “Political Wisdom: From Christie to Crist” Capital Journal, Wall Street Journal, April 24, 2010, morning edition.
http://blogs.wsj.com/capitaljournal/2010/04/24/political-wisdom-from-christie-to-crist/ (accessed June 22, 2010). Lisa Fleisher, “Governor Christie Rules Out 2010 Run for President,” NorthJersey.com, April 28, 2010. (accessed June 23,2010) http://www.northjersey.com/news/state/politics/042810_Governor_Christie_rules_out_2012_run_for_president.html (accessed June 23, 2010). 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).
Michael Norman,“2 APPROACHES SHAPE CANDIDATES' ORATORY IN JERSEY CAMPAIGN FOR GOVERNOR,” New York Times, October 22, 1985.
http://www.nytimes.com/1985/10/22/nyregion/2-approaches-shape-candidates-oratory-in-jersey-campaign-for-governor.html (accessed July 8, 2010).
http://en.wikipedia.org/wiki/Stanford_Graduate_School_of_Business#Prominent_MBA_and_MA_alumni (accessed July 8,2010).
Jeffrey H. Birnbaum, The Money Men: The Real Story of Fund-raising's Influence on Political Power in America (New York:Crown Publishers 2000). http://www.amazon.com/Money-Men-Fund-raisings-Influence-Political/dp/081293119X (accessed July 8, 2010).
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 Annual Business Forecast Lunch, Haas School Of Business, University Of California, Berkeley,World Trade Club, San Francisco, California,April 9, 2003. http://www.haas.berkeley.edu/news/Grady.html (accessed July 8, 2010).
http://venturecompany.com/opinions/files/tag-innovation.html (accessed July 8,2010).
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. http://video.foxbusiness.com/v/4186577/expert-greek-crisis-a-wakeup-call-for-us-/ (accessed June 24, 2010).
CNBC, Street Signs with Erin Burnett, “Is it Still Smart to Invest in America? Robert Grady, of Cheyenne Capital, Shares his Insight,” http://www.cnbc.com/id/15840232?video=1522693967&play=1 (accessed June 24, 2010).
Wyoming PBS WHYY, Wyoming Chronicle, “Bob Grady on the Economy,” February 26, 2010. http://video.mpbn.net/video/1422470641/# (accessed June 24, 2010) Robert E. Grady, “California Vote Is a Red Flag for Kerry.” Los Angeles Times, Commentary, March 05, 2004. http://articles.latimes.com/2004/mar/05/opinion/oe-grady5 (accessed July 2, 2010). Robert E, Grady, “The Sarbox Monster,” Wall Street Journal, Opinion Journal, April 26, 2007. http://online.wsj.com/article/SB117755557121683041.html (accessed June 25, 2010). Robert E. Grady, “Light Cars Are Dangerous And Other Unintended Consequences of Strict Fuel-Economy Standards,” Wall Street Journal, Opinion Journal, May 22, 2009. http://online.wsj.com/article/SB124294901851445311.html (accessed June 24, 2010). Robert E. Grady, “Searching for the Son of Kyoto,” Time, June 25, 2001. http://www.time.com/time/magazine/article/0,9171,1000165,00.html (accessed June 24, 2010). “Private Equity's Hot Streak: Where Is It Headed?” Keynote Address, Wharton Private Equity Conference, Wharton School, University of Pennsylvania, March 7, 2006. http://knowledge.wharton.upenn.edu/article.cfm?articleid=1414 (accessed June 25, 2010).
External links
Cheyenne Capital Fund http://www.cheyennefund.com/ Maxim Integrated Products http://www.maxim-ic.com/ Stifel Financial http://www.stifel.com/framesetURL.asp?URL=/homepageFrameset.asp Thomas Weisel Partners http://www.tweisel.com/ Pardee RAND Graduate School http://www.prgs.edu/ George Bush Presidential Library and Museum http://bushlibrary.tamu.edu/
Jackson Hole Land Trust http://www.jhlandtrust.org/
Resources First Foundation http://www.resourcesfirstfoundation.org/