Final Program

Monday, November 12, 2012

5:30 pm – 6:30 pm welcome RECEPTION Dumbarton Room and Conservatory

6:30 pm – 9:00 pm OPENING DINNER AND SESSION Ballroom Opening Remarks Robert Thomson Editor-in-Chief, Dow Jones & Company Managing Editor, Chairman and CEO News Corporation

Making Government Work The last two years have seen an historic failure by the U.S. government to deal with its fiscal problems. The next six months provide an opportunity to turn that around. Can divided government work? Perspectives: Joseph Lieberman U.S. Senator (I., Conn.) Vice-Presidential Nominee (2000) Trent Lott U.S. Senator (R., Miss., 1989–2007) Senate Majority Leader (1997–2001) James R. Sasser U.S. Senator (D., Tenn., 1977-1995) Chairman, Senate Budget Committee (1989–1995) Interviewer: Alan Murray Deputy Managing Editor and Executive Editor, Online The Wall Street Journal

9:00 pm Nightcaps and Networking Dumbarton Room and Conservatory

1 Tuesday, November 13, 2012

7:00 am – 7:45 am Breakfast Dumbarton Room and Conservatory

7:45 am – 8:00 am OPENING remarks Ballroom  Robert Thomson Editor-in-Chief, Dow Jones & Company Managing Editor, The Wall Street Journal Alan Murray Deputy Managing Editor and Executive Editor, Online The Wall Street Journal

8:00 am – 8:30 am Europe: The Economic Crisis, Prospects for Growth and the Future of the EU Perspective: José María Aznar President, The Foundation for Social Studies and Analysis (FAES) Prime Minister of Spain (1996-2004) Interviewer: Gerard Baker Deputy Editor-in-Chief The Wall Street Journal and Dow Jones & Company

8:30 am – 9:00 am global Economic Outlook Perspectives: Michael J. Boskin T.M. Friedman Professor of Economics and Hoover Institution Senior Fellow Stanford University Austan Goolsbee Robert P. Gwinn Professor of Economics, Booth School of Business, Chairman, Council of Economic Advisers (2010-2011) Robert B. Zoellick Senior Fellow, Belfer Center for Science and International Affairs, President, The World Bank Group (2007-2012) Interviewer: Jon Hilsenrath Chief Economics Correspondent The Wall Street Journal

2 9:00 am – 9:30 am Big Data: Opportunity and Risk Perspective: Jon Leibowitz Chairman Federal Trade Commission Interviewer: Julia Angwin Senior Technology Editor The Wall Street Journal

9:45 am – 10:15 am Break

10:15 am – 11:45 am CONCURRENT TASK FORCE SESSIONS The Wall Street Journal CEO Council will divide into five task forces to debate and identify the most urgent priorities, risks and opportunities facing business, government and the economy. Subject experts will offer short, ten-minute proposals to open the discussions.

◆ Remaking Health Care Health care will be high on the agenda for the new Congress, with the demand for revisions to the Obama health care reform and the need for cuts in federal Medicare and Medicaid costs driving the change. This group will recommend priorities for the President and Congress in considering health care changes. Co-Chairs: Mark T. Bertolini Chairman, President and CEO Aetna Inc. Larry J. Merlo President and CEO CVS Caremark Corporation Brent L. Saunders President and CEO Bausch and Lomb Incorporated Subject Expert: Mark D. Smith, MD President and CEO California HealthCare Foundation Facilitator: Laura Landro Assistant Managing Editor The Wall Street Journal

3 Concurrent Task Force Sessions (continued)

◆ Toward a New Consensus on Energy The collapse of global efforts to regulate carbon emissions and the rise of natural gas production have dramatically changed the U.S. energy picture. This group will recommend priorities for the President and Congress to set energy policy in the years ahead. Co-Chairs: Carlos Ghosn Chairman, President and CEO Renault-Nissan Alliance David T. Seaton Chairman, President and CEO Fluor Corporation Subject Expert: Daniel Yergin Vice Chairman IHS Inc. Facilitator: Joseph B. White Senior Editor The Wall Street Journal

◆ Big Data: Opportunities and Risks The next year is likely to see major regulatory action in the U.S. and Europe to protect the privacy of people’s data. This group will recommend principles to guide regulators in balancing the potential economic and social opportunity against the risk to privacy. Co-Chairs: Tim Armstrong Chairman and CEO AOL Inc. Dominic Barton Global Managing Director McKinsey & Company, Inc. R. Marcelo Claure Chairman and CEO Brightstar Corporation Subject Expert: David J. Rothkopf President and CEO Garten Rothkopf Facilitator: John Bussey Assistant Managing Editor The Wall Street Journal

4 Concurrent Task Force Sessions (continued)

◆ An Agenda for Growth This group will focus on the top actions that the President and Congress can take to build American exports and increase growth and jobs. Co-Chairs: Jeffrey L. Bewkes Chairman and CEO Time Warner Inc. Francisco D’Souza CEO Cognizant Technology Solutions Robert A. McDonald Chairman, President and CEO The Procter & Gamble Company  Subject Expert: Mark M. Zandi Chief Economist Moody’s Analytics, Inc. Facilitator: David Wessel Economics Editor The Wall Street Journal

◆ Restoring Confidence in Finance Four years after Lehman Brothers, confidence in the financial system remains shaky. This group will focus on the top actions that the President and Congress can take to restore confidence in this key segment of the U.S. economy. Co-Chairs: Roger W. Ferguson, Jr. President and CEO TIAA-CREF John D. Johns Chairman, President and CEO Protective Life Corporation Stephen A. Schwarzman Chairman and CEO The Blackstone Group L.P. Subject Expert: Roger C. Altman Executive Chairman Evercore Partners Inc. Facilitator: Francesco Guerrera Editor, Money & Investing The Wall Street Journal

5 12:00 pm – 12:45 pm A CONVERSATION WITH HENRY KISSINGER Henry A. Kissinger 56th U.S. Secretary of State (1973–1977) Interviewer: Gerald F. Seib Washington Bureau Chief The Wall Street Journal and Dow Jones Newswires

1:00 pm – 2:00 pm LUNCHEON: THE FUTURE OF THE REPUBLICAN PARTY The Seasons Restaurant Perspective: Rob Portman U.S. Senator (R., Oh.) Interviewer: Paul Gigot Editorial Page Editor and Vice President The Wall Street Journal

2:00 pm – 2:30 pm Dessert, Coffee and Networking Dumbarton Room & Conservatory

2:30 pm – 3:00 pm THE FISCAL CLIFF: BUDGET, TAX AND DEBT “SHOWDOWN” Perspective: Christopher Van Hollen, Jr. Ranking Democrat, House Committee on the Budget U.S. Representative (D., Md.) Interviewer: Alan Murray Deputy Managing Editor and Executive Editor, Online The Wall Street Journal

3:00 pm – 4:00 pm ACTION REPORTS AND COUNCIL VOTE Results from the morning sessions will be presented by the task force co-chairs for discussion. The Wall Street Journal CEO Council members will vote on the priorities identified by the task forces and debated during the day to establish a final ranking in order of importance. ◆ Remaking Health Care ◆ Toward a New Consensus on Energy ◆ Big Data: Opportunities and Risks ◆ An Agenda for Growth ◆ Restoring Confidence in Finance

6 4:00 pm - 4:30 pm Administration Response Perspective: Timothy F. Geithner Secretary of the U.S. Department of the Treasury Interviewer: David Wessel Economics Editor The Wall Street Journal

4:30 pm - 5:00 pm A Retiring Senate Budget Chairman Peers Over the Fiscal Cliff Perspective: Kent Conrad U.S. Senator (D., N.D.) Chairman, Senate Budget Committee Interviewer: John Bussey Assistant Managing Editor The Wall Street Journal

5:00 pm – 6:30 pm CLOSING RECEPTION Dumbarton Room

7 Additional Guests

Kent Conrad U.S. Senator (D., N.D.) Chairman, Senate Budget Committee

Senator Conrad is the Chairman of the Senate Budget Committee. He has bipartisan respect as an expert on federal budget matters and is considered a leading Congressional “deficit hawk.” Senator Kent Conrad has dedicated his life to serving the people of North Dakota, starting with his six years as North Dakota’s Tax Commissioner before his successful 1986 bid for the U.S. Senate. His public service to North Dakota and the nation has won him acclaim for his effectiveness and budget acumen. During his more than 20 years as an advocate for North Dakota in Washington, Senator Conrad helped write the 2002 and 2008 Farm Bills, wrote health care policy that ensured continued access to hospitals in rural areas, and fought unfair trade practices that hurt North Dakota’s economy. He has introduced comprehensive energy legislation that would make the more energy independent.

Timothy F. Geithner Secretary of the U.S. Department of the Treasury

On January 26, 2009, Tim Geithner was sworn in as the 75th Secretary of the U.S. Department of the Treasury. Before his nomination to the Treasury, Secretary Geithner served as the ninth president and CEO of the Federal Reserve Bank of New York, where he began on November 17, 2003. In that capacity, he served as the vice chairman and a permanent member of the Federal Open Market Committee. Secretary Geithner first joined the Department of Treasury in 1988 and worked in three administrations for five Secretaries of the Treasury. He served as Under Secretary of the Treasury for International Affairs from 1999 to 2001 under Secretaries Robert Rubin and Lawrence Summers. He was director of the Policy Development and Review Department at the International Monetary Fund from 2001 until 2003. Earlier in his career, Secretary Geithner worked for Kissinger Associates. Secretary Geithner holds a bachelor’s degree in government and Asian studies from Dartmouth College and a master’s degree in government and Asian studies from the Johns Hopkins School of Advanced International Studies.

Rob Portman U.S. Senator (R., Oh.)

Senator Rob Portman was sworn in to the U.S. Senate on January 5, 2011. He has fought for legislation that would reduce spending, lower taxes and reform our system of international taxation, reduce government regulation, expand exports, and provide creators of jobs with the certainty they need to invest capital. Senator Portman is well respected by the business community because of his experience and expertise in tackling tough economic issues. Before joining the Senate, he represented southwest Ohio in the U.S. House of Representatives for 12 years, and he worked across party lines to pass landmark legislation on unfunded mandates, IRS reform and retirement savings. In 2005, he was appointed and unanimously confirmed by the Senate to serve in two cabinet-level positions. As the United States Trade Representative, he worked to expand American exports and increase enforcement of our trade laws. Later, as the Director of the Office of Management and Budget, he made his mark by proposing a balanced budget, fighting irresponsible earmarks and putting in place new transparency for federal spending.

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