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Michael Rossi: The Outlook for Jobs in California

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Commonwealth Club of California

Commonwealth Club

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Partner:: Commonwealth Club
Location:: SF Club Office
San Francisco, CA
Event Date:: 08.08.12
Speaker:: Michael Rossi
Tags:: california; california politics; economic growth; economic recovery

Summary: 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.

Bio

Michael Rossi

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.

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.

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.

Chapters

: Watch Full Program

53 min 40 sec

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01.: Introduction

02 min 53 sec

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02.: California: Still the Land of Dreams

05 min 48 sec

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03.: Governor Brown's Economic Record

03 min 18 sec

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04.: California's Economic Future

01 min 33 sec

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05.: Q1: Understanding GO-Biz: The Governor's Office of Business and Economic Development

01 min 46 sec

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06.: Q2: Eliminating Redundancies In Government

01 min 09 sec

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07.: Q3: High-Speed Rail to Tahoe?

00 min 45 sec

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08.: Q4: The Politics of Promoting Business Growth

04 min 30 sec

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09.: Q5: Economic Outlook for Recent College Grads

02 min 50 sec

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10.: Q6: If Prop 30 Fails, How to Fund Education?

00 min 46 sec

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11.: Q7: Attracting International Companies to Invest In California

02 min 59 sec

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12.: Q8: Workforce Training Needs In California

01 min 49 sec

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13.: Q9: Impact of the Affordable Healthcare Act on Job Growth

00 min 55 sec

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14.: Q10: Encouraging Tourism Jobs

01 min 04 sec

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15.: Q11: Outlook for Agriculture Industry

00 min 30 sec

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16.: Q12: Reducing the Regulatory Burden

01 min 27 sec

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17.: Q13: Top Regulatory Burden on Business?

01 min 16 sec

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18.: Q14: California Economy Compared to Greece, Other States

00 min 47 sec

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19.: Q15: On Entering Public Sector Life

02 min 12 sec

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20.: Q16: On Killing Redevelopment Agencies

01 min 01 sec

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21.: Q17: Working with Lt. Gov. Gavin Newsom

00 min 49 sec

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22.: Q18: California's China Trade Office

00 min 38 sec

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23.: Q19: Recommendations to Governor Brown, and Future Positions

00 min 46 sec

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24.: Q20: Personal Journey to Public Life

03 min 02 sec

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25.: Q21: Working with GO-Biz for Social Entrepreneurs

00 min 41 sec

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26.: Q22: Finding Work for Veterans

00 min 23 sec

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27.: Q23: Working Relationship with Governor Brown

02 min 37 sec

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28.: Q24: How Did the Economic Crisis Change the Financial Industry?

02 min 10 sec

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29.: Q26: On the Book "Unintended Consequences"

01 min 14 sec

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30.: Q27: Opportunities for California's International Trade

00 min 43 sec

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31.: Q28: Legacy In Public Role

01 min 14 sec

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: Watch Full Program

53 min 40 sec

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Michael Rossi: Are Businesses Leaving California?

04 min 14 sec

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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."
Watch Full Program

53 min 40 sec

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