Author, educator, attorney, former investment banker and, for two decades, an adviser to policy-makers worldwide.
Counsel to the U.S. Senate Finance Committee (1980-87)—working with Senator Russell Long of Louisiana, son of governor and Senator Huey P. Long. Crafted federal law on employee stock ownership plans (ESOPs) and pension plans.
ESOPs are in place in 11,500 firms nationwide covering 10% of U.S. workforce and holding $650 billion. Pension assets account for 48% of the $17,000 billion in the hands of institutional investors in the U.S. Counsel to Kelso & Company, a New York investment banking firm completed $4 billion in transactions in 24-months, including the $3 billion leveraged buyout of American Standard, Inc., with employees and managers gaining a 33% stake.
Author, Democracy at Risk—Rescuing Main Street from Wall Street—A Populist Vision for the 21st Century (April 2000). Written as a sequel to The ownership solution (1998).
Ralph Nader relied on those two books when "rebranding" the U.S. Green Party as the party of "the new populism" (see http://www.votenader.com ) Founder and president of the Shared Capitalism Institute in California and Cambridge, Mass. See http://www.sharedcapitalism.org for compilation of statistics and trends concerning ownership and income in the U.S. and abroad. Founder and President of the Gates Group.
Advisory work in more than 30 countries, including Argentina, Australia, Brazil, China, Guyana, Haiti, Hungary, Ivory Coast, Jamaica, Latvia, Lithuania, Mexico, Morocco, Pakistan, Peru, Poland, Russia, South Africa, Spain, Thailand, Trinidad, Tunisia, Zambia, Zimbabwe and the U.K. South Korean President Kim Dae-Jung announced August 2000 that the Korean edition of The Ownership Solution (released June 2000) was one of three books chosen for his vacation reading.
Instructor in MBA program at Emory University. Contributor to various trade, professional and popular publications worldwide, including National Journal, Financial Times, Japan Times, Financial Executive, M&A Today, Boston Review, LatinFinance, East/West Business Report, Human Resource Management, Los Angeles Times, World Times, The Humanist, Peace Review, Business Ethics, Inside Edge, Whole Earth, Tikkun, etc.
University of Virginia (B.A. w/ honors in Honors Economics), J.D. from Hastings College of Law (San Francisco). Former partner in Washington office of Powell, Goldstein, Frazer & Murphy. Vietnam veteran. Native of Athens, Georgia. Green Party candidate for U.S. Senate, November 2000. Shared Capitalism Institute 570 Cress Street, Laguna Beach, CA 92651 Tel: 949.494.4437 e-mail: firstname.lastname@example.org http://www.sharedcapitalism.org