Bay Area Council Blog: Membership Archive

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Member Spotlight: The Chertoff Group

The Chertoff Group, a premier global advisory firm focused on security and risk management, helps clients grow and secure their enterprise through business strategy, mergers and acquisitions and risk management security services. Leveraging their deep subject matter expertise, the team builds and executes effective strategies that enable companies to capture new opportunities and create lasting competitive advantages. For those organizations that require tactical security support, they work hand-in-hand with clients to better understand today’s threats and assess, mitigate and monitor evolving risks in order to create more secure environments for their business operations.

On Thursday, May 19th, the Bay Area Council is proud to partner with The Chertoff Group for their next Security Series event,  “The Three T’s of the Digital Economy: Technology, Threat and Trust.”  Join us to hear from General Michael Hayden, former Director of the CIA and the NSA Director and a dynamic roster of leading security executives.  Click here for the agenda and to register.

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BACPoll: Economic Confidence Softening

Bay Area residents agree the regional economy is humming right along, according to results of the 2016 Bay Area Council Poll released today, but a growing number also appear more cautious about where the economy is heading and see the possibility of a significant downtown on the horizon.

The poll found that 83 percent of residents think the economy is doing the same or better compared to six months ago, but the intensity of their optimism has started to wane from two years ago. While 53 percent said in 2014 that the economy would be doing somewhat or much better than six months prior, that number dropped to 35 percent in 2016. Residents who think the economy is doing about the same jumped from 35 percent in 2014 to 48 percent in 2016, and the number that think the economy has worsened has almost doubled from 8 percent in 2014 to 15 percent in 2016.

“Unlike Steph Curry, the Bay Area economy isn’t going to keep hitting long-range three pointers,” said Jim Wunderman, President and CEO of the Bay Area Council. “Economic ebbs and flows are inevitable, but we can take steps to gird ourselves against the harshest impacts of a downturn. The Bay Area Council has advanced a comprehensive Regional Economic Strategy that offers a framework for increasing the region’s resilience against economic swings, including building the housing we need, investing in transportation and other critical infrastructure, strengthening the connections between our universities and employers, and creating a regional entity exclusively focused on economic sustainability.”

Read the Regional Economic Strategy>>

Read the Bay Area Council Poll summary results>>

See Bay Area Council charts and graphs>>

See complete Bay Area Council Poll results>>

Looking ahead in the near term, the poll found a similar cooling off in residents’ attitudes about the economy. In 2014, 50 percent said the economy would be doing somewhat or much better in six months and 35 said it would be doing about the same. The 2016 poll found that 27 percent believe the economy will show improvement in six months, while 49 said it will be doing about the same. Another 21 percent said in this year’s survey that the economy will worsen in six months, a significant jump over the 9 percent in 2014 who had a pessimistic outlook for the coming half year.

Looking a little deeper into the crystal ball, more residents than not think the Bay Area is in store for a significant economic downturn. The poll found 37 percent of residents think the regional economy is due for a correction sometime in the next three years. Another 15 percent think it will be 3-5 years before the pendulum swings back, 7 percent say it will be more than five years and an optimistic 20 percent think the Bay Area will dodge any economic downturn.

Despite concerns about the regional economy, residents appear to have a slightly brighter view of their own household financial situation. The poll found 78 percent of residents think their household is the same (53%) or better off (25%) financially than six months ago. And they generally see things getting a little better in the near future, with 83 percent saying they expect their household financial picture to stay at least the same (54%) or improve (29%). That optimism is generally consistent across counties, although Contra Costa County residents appear the most sanguine with 39 percent saying they expect their financial situation to improve in the next six months while across the bay in San Francisco just 22 percent of residents think they’ll be better off.

Along income lines, higher earning households feel more financially secure. The poll found that 85 percent of households making $150,000 or more feel their finances are the same (51%) or better (34%) than six months ago, compared to the 70 percent of households with incomes of $50,000 or less who say their finances are unchanged (49%) or better (21%).

The 2016 Bay Area Council Poll, which was conducted by Oakland-based public opinion research firm EMC Research from Feb. 12-March 9, surveyed more than 1,000 residents online about a range of issues related to economic growth, housing and transportation, drought, education and workforce. It has a margin of error of 3.1 percentage points.

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Member Spotlight: San Francisco International Airport

Lots of news took flight at San Francisco International Airport this week (April 25), with Mayor Ed Lee naming a successor to Director and Council Executive Committee member John Martin and the new Traffic Control Tower being recognized as the top engineering project in the United States. Ivar C. Satero will take the reins from Martin, who over 20 years has led the world class international airport through a tremendous period of growth and transformation. Satero is currently the chief operating officer of SFO and formerly held the position of deputy director for design and construction. His appointment is effective July 18, 2016.

Also this week, the American Council of Engineering Companies (ACEC) named the control tower facility as the 2016 “Grand Conceptor Award Winner” for employing a cutting-edge vertical post-tensioned system, enabling the tower to remain upright and fully operational after a major earthquake.

“The new Airport Traffic Control Tower at SFO is the physical manifestation of our Partnering approach to construction projects, delivering innovative engineering solutions in an iconic design,” said Airport Director John L. Martin.  “I congratulate the entire team for their achievement, and I thank the American Council of Engineering Companies for bestowing their highest national award to this project.”

Learn more about SFO>>

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Member Spotlight: Reed Smith LLP

One of the largest law firms in the world, Reed Smith LLP recognizes that diversity at all levels of an organization creates a successful enterprise. “We have an unwavering commitment to diversity, with principles of fairness and inclusion permeating our culture,” said Deborah Broyles, Reed Smith’s Director of Global Diversity & Inclusion.

The firm showcases the talent of its diverse attorneys and partners with organizations in the legal sector and the community to ensure the firm’s diversity and inclusion efforts benefit more than just the firm. “We connect the diversity leaders of tomorrow with the business leaders of today,” Broyles said.  Under her leadership, the firm is steadfast in its commitment in 26 offices across three continents toward creating a diverse global workforce operating in an inclusive environment.  And their efforts have paid off.  This week, two Reed Smith associates were chosen to be members of the Leadership Council on Legal Diversity’s (LCLD) 2016 class of “Pathfinders,” a new program series designed by LCLD to train high-potential, early-career attorneys in critical career development strategies. Founded in 2009, LCLD is a growing organization of more than 240 corporate chief legal officers and law firm managing partners who are personally committed to creating a truly diverse legal profession.

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Member Spotlight: Coblentz Patch Duffy & Bass

San Francisco-based law firm Coblentz Patch Duffy & Bass announced this week (April 4) they have opened new offices in Napa and St. Helena and Chuck Meibeyer, prominent Napa Valley attorney, has joined the firm as partner. Chuck, a longtime leader in the civic life of Napa County, has been practicing real estate, land use, and wine law in the Napa Valley since 1983.

Coblentz Partner Brandi Brown, head of the firm’s wine industry group, said, “The firm got to the point where we felt that having a headquarters in the Valley would be valuable to our clients in the region. Wineries, of course, but also our food and beverage industry clients more generally, as well as  real estate development and hospitality/resort companies, and family wealth clients.”

Coblentz Patch Duffy & Bass LLP provides clients with innovative, results-oriented legal services, specializing in litigation, real estate and land use, business, intellectual property, employment, tax and family wealth. Read more here.

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Wells Fargo CEO Headlines Powerful Outlook Conference Speaker Lineup

Bigger, Bolder, Better. That’s the theme of the Bay Area Council’s 2016 Outlook Conference on May 17 in San Francisco and the exciting lineup of speakers led by Wells Fargo CEO and Chairman John Stumpf is bringing it to life. Wells Fargo under Stumpf’s leadership has been a superstar in the financial industry, outperforming many of its competitors and earning Stumpf 2015 CEO of the Year honors from Morningstar. Stumpf was Fortune magazine’s 2013 reader’s choice Business Person of the Year. We’re looking forward to hearing from Stumpf on some of the key trends driving change in the financial services industry and the economy.

That’s just for starters. Former New York Mayor and 2008 Presidential candidate Rudy Giuliani, now chair of Greenberg Traurig’s cybersecurity and crisis management practice, will talk about the growing global threat of cyberattacks, and we wouldn’t be surprised to hear him opine on the fascinating Presidential race now unfolding. Attendees will also be treated to lively talks by Mozilla Corporation Executive Chairwoman Mitchell Baker, The Representation Project CEO Jennifer Siebel Newsom, Xerox Innovation Group President Sophie Vandebroek, Nexenta CEO Tarkan Maner and JPMorgan Chase Managing Director Chancy Lennon.

There are a couple of other surprises in the works that could make this one of the more memorable Outlook Conference’s in recent memory. And, one you and your company will not want to miss. This is one of the premier thought leader events of the year exploring the major trends and innovations shaping business and the economy.

The Outlook Conference, which will be held at the Park Central Hotel in downtown San Francisco, attracts more than 700 CEOs, top executives and civic leaders, making it an extremely valuable platform for promoting your company’s brand, building relationships with your existing customers and clients and finding new relationships.

Now is the time to secure your sponsorship, ensure best placement at the event and get the most visibility for your company. Individual tickets will be available closer to the date of the conference.

Learn about sponsorship opportunities>>

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Member Spotlight: Johnson Controls

Bay Area Council Board Member Johnson Controls has been recognized for the 10th consecutive year as a 2016 World’s Most Ethical Company by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.

“Being recognized as a World’s Most Ethical Company for the 10th year in a row is a direct reflection of the strong culture of integrity that exists at Johnson Controls and the commitment that our employees around the world demonstrate every day to uphold our values,” said Brian Cadwallader, vice president, secretary and general counsel for Johnson Controls.

The Ethisphere Institute’s Ethics Quotient framework has developed a quantitative method to assess a company’s performance in an objective, consistent and standardized way. Scores are generated in five key categories: ethics and compliance program (35 percent), corporate citizenship and responsibility (20 percent), culture of ethics (20 percent), governance (15 percent) and leadership, innovation and reputation (10 percent).

Building owners and managers worldwide turn to Johnson Controls to maximize the energy efficiency, operational cost and performance, comfort and safety of their buildings.  Read more about Johnson Controls and their commitment to and leadership in sustainability practices.

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Water, Taxes Highlight Gov. Relations Committee Agenda

The Government Relations Committee under the leadership of Co-Chairs Andrew Giacomini of Hanson Bridgett and Peter Brightbill of Wells Fargo on Thursday (March 3) welcomed state Board of Equalization member Fiona Ma and Sean Elsbernd, deputy director for U.S. Sen. Dianne Feinstein. Ma talked about her future political plans and also outlined the need for reform at the Board of Equalization, which administers California’s tax system. Elsbernd briefed the Committee on Sen. Feinstein’s work to reach bipartisan agreement on a new federal water bill and acknowledged a recent meeting with Water Committee Co-Chair Jim Levine on the Council’s work to craft a sweeping proposal for improving management of the state water system. Council CEO Jim Wunderman updated the Committee on the Council’s support of regional Measure AA on the June ballot to raise $500 million for wetlands restoration and shoreline protection, and thanked Sen. Feinstein for her leadership over many years in making the measure happen. To engage in the Council’s government relations work, please contact Senior Vice President Matt Regan.

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Member Spotlight: University of the Pacific

Established in 1851 as the first chartered institution of higher education in California, University of the Pacific is deeply rooted in the communities where its three campuses are located – Stockton, Sacramento and San Francisco. Our alumni, including late San Francisco Mayor and California Senate Leader George R. Moscone, jazz great Dave Brubeck, and humanitarian Sakena Yacoobi, have transformed these regions, our state and our world. For 165 years, Pacific has prepared students for lives of meaning and success through rigorous academics, small classes, and a supportive and engaging culture.

The beautiful Stockton campus offers more than 80 majors across seven schools. The Sacramento campus in Oak Park is home to the Pacific McGeorge School of Law and programs in analytics, health, education, business and public policy. The San Francisco campus in SoMa is home to the Arthur A. Dugoni School of Dentistry and new graduate programs in health, food, music and analytics.  As Pacific continues to add new programs at the Sacramento and San Francisco campuses, the university strives to become a more integral part of the communities we serve.

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Member Spotlight: Federal Reserve Bank of San Francisco

The Federal Reserve Bank of San Francisco, a longtime BAC Executive Committee member, has an admirable mission:  to promote low inflation, full employment and financial stability, and provide services to financial institutions and the Treasury.  The SF Fed is the headquarters of the Twelfth Federal Reserve District, which includes the nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands.  Of the 12 Federal Reserve Districts, the Twelfth District is the largest by geography and the size of its economy.

Did you know that:

  • The District processes 81.6 million notes each day— from one dollar bills to hundreds, a billion and a half notes a year.
  • Its 27.2 million workers earned more than 21 percent of the nation’s total personal income in 2014.
  • District states accounted for about 21 percent of the nation’s exports of manufactured goods in 2014.

The SF Fed also believes that our economy can only reach its full potential when everyone is educated, healthy, and has an affordable place to call home.  Its Community Development Team is a dynamic group of leaders who are addressing some of the Bay Area’s greatest challenges.

The SF Fed is proud of its diverse and committed workforce.  Read here about one of SF Fed’s most important team members:  Nora – Tales from the SF Fed K9 Unit.