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Chairman, Financial Crisis Inquiry Commission

Phil Angelides has earned national acclaim as an effective public and private sector leader with an impressive record of accomplishment in the financial, economic, and environmental arenas. With a unique and practical understanding of politics, government, finance and business, he has been a powerful and prescient voice on advancing financial reform, remaking the economy to create broad prosperity, and building the new green economy.

Mr. Angelides recently served as Chairman of the Financial Crisis Inquiry Commission, which conducted the nation’s official inquiry into the causes of the financial and economic crisis. The Commission presented its report to the President and Congress in January 2011, concluding that the crisis was avoidable and was caused by widespread failures of regulation, excessive risk taking by Wall Street, government leaders ill-prepared for crisis, and systemic breaches in accountability and ethics. The report made the New York Times and Washington Post best sellers lists and The New York Review of Books hailed it as “the most comprehensive indictment of the American financial failure that has yet been made” and “the definitive history of this period.”  In 2010, Mr. Angelides was named by Worth magazine as 7th among the 100 most powerful people in global finance.

Mr. Angelides is currently President of Riverview Capital Investments, which focuses on clean energy projects and sustainable urban development. From 1999 to 2007, he served as California’s State Treasurer. The Associated Press reported that he made “the sleepy treasurer’s office a policy powerhouse,” and The Sacramento Bee praised Treasurer Angelides as “the most effective and dynamic state treasurer in a generation.”

During his eight years in elected office, Mr. Angelides put the weight of the state’s pension funds behind investment in clean energy and the fight against global warming – seeding the “green tech” investment revolution. He launched trailblazing initiatives to address growing economic inequality, promote smart growth and spur urban revitalization. He was a consistent and forceful voice against California’s deficit spending and excessive borrowing. And, as early as 2002, he warned of excesses in the nation’s financial markets, mobilizing pension funds and investors across the country to push for needed reforms. 

As Treasurer, Mr. Angelides served as a trustee for California’s two major pension funds; managed the State’s $57 billion investment fund; financed over 100,000 units of affordable housing and $150 billion in schools, transportation, parks and other public projects; and earned record returns on state investments. 

Mr. Angelides, 58, is a graduate of Harvard University and a Coro Foundation Fellow. He served from 1975 to 1983 in California government, where he was a widely respected policy leader in affordable housing, urban planning, and public finance.  He entered the private sector in 1984 and, in 1986, formed his own real estate investment business, which pioneered the planning and building of smart growth communities and helped spark a national dialogue around building more livable, environmentally responsible cities. Among his projects was the new town of Laguna West, which was featured in Time, Newsweek, The New York Times, U.S. News and World Report and ABC-TV’s Good Morning America.

From 2007 to July 2011, Mr. Angelides served as Chairman of the Apollo Alliance, a national coalition of business, labor, environmental and community leaders committed to building a clean energy, good jobs economy.  He currently is a board member of the BlueGreen Alliance, with which the Apollo Alliance merged earlier this year.

Mr. Angelides has been active in the civic life of his community, state, and nation for more than three decades. He was the Democratic nominee for Governor of California in 2006. He served as Co-Chair of the Sacramento Mayor’s Commission on Education and the City’s Future in 1995-96, and then led a unique bi-partisan civic committee, which helped turn around the troubled Sacramento City Unified School District. He was Chairman of the California Democratic Party from 1991 to 1993, leading a remarkable campaign that turned California from red to blue - electing two women senators for the first time in any state’s history and carrying the state for a Democratic presidential candidate for the first time in 28 years.  

Mr. Angelides has received numerous awards for his work, including the National Inner City Leadership Award from the Initiative for a Competitive Inner City; the California League of Conservation Voters’ Environmental Leadership Award; the Local Environmental Leadership Award from Global Green, presented by Mikhail Gorbachev; the Congress for the New Urbanism’s Lifetime Achievement Award; and induction into the California Housing Hall of Fame.

Mr. Angelides and his wife, Julie, have three daughters – Megan, Christina and Arianna.

Lecture Topics

The Economy in 2012: How Did We Get Here, Where Are We Now, and How Do We Move Forward?
As a well-known and respected leader in financial and economic matters, Mr. Angelides was appointed as Chairman of the Financial Crisis Inquiry Commission, the nation’s official inquiry into the financial crisis that devastated the economy and families, businesses and communities across the globe. In his remarks, he sets out the gripping story of how and why our financial system unraveled, sending our economy into a tailspin. He speaks bluntly about where we stand today on fixing the problems that led to the meltdown, the fragile state of our economy, and why we are still at risk. And, he offers thought-provoking ideas about how we must reform our financial system and remake the economy to dig out of the hole we’re in, to put people back to work, and to create broadly shared prosperity.
 

From Financial to Fiscal Crisis: How Our Budget Deficit Exploded and the Road Back to Fiscal and Economic Sanity
As a well-known and respected financial and budgetary expert, Mr. Angelides speaks about how we became saddled with enormous deficits and about the critical choices ahead that will affect the global economy and the future of our nation’s economic and social fabric. He provides insight and analysis into how key policy decisions and the financial meltdown created and have perpetuated today’s economic and fiscal crises. Challenging the conventional wisdom, he lays out the case for immediate and bold action to rebuild and remake our economy and to restore fiscal solvency in a way that preserves long-term economic progress and opportunity.
 

Out of the Crisis:  Remaking the Economy for the Many Not the Few
Over the last two decades, Mr. Angelides has been a powerful and prescient voice for reforming our financial system and economy to work for the many, not the few. He has received national recognition for advancing groundbreaking, concrete ideas and policies to close the widening gap of economic inequality, to ensure corporate and financial responsibility, and to build an environmentally and financially sustainable economy. In his remarks, he squarely confronts the powerful forces and flawed policies that have sent the global economy into the deepest and longest downturn since the Great Depression and puts forward a powerful case for remaking our financial system and economy and the specific steps we need to take to turn the page to a new era of sustainable, broad based economic progress.

Catching the Green Wave: How We Build a Sustainable, Good Jobs Economy
Drawing on his groundbreaking work in sustainable development, environmental responsibility, and clean energy, Mr. Angelides lays out a compelling vision of how we can build a new green economy – at home and abroad - that meets the convergent challenges of climate change, oil dependency, global security, and high unemployment. His pioneering leadership in the arena and his varied background as a businessman, civic leader, and public official uniquely equip him to provide rare, practical insights into the challenges and opportunities faced by businesses, public officials, governments, and communities looking to create savings, business expansion, successful investments, and jobs through sustainability.

 

 
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