American organization
The Business Council is an organization of business leaders headquartered in
Washington, D.C.
[1]
[2]
[3]
[4] It holds meetings several times a year for high-level policy discussions.
[5]
Mission
The Business Council allows global CEOs to gather and network in private.
[6] Membership is by invitation-only.
[7] The organization is guided by the belief that the business community's contributions to public discourse and governance are in the interest of the common good of the American people.
[5]
[8]
[9]
During the
COVID-19 pandemic , The Business Council helped global companies navigate the public health crisis.
[10]
Leadership
Marlene Colucci serves as CEO of The Business Council.
[11] Appointed in 2013, Colucci has held leadership positions in public policy at the
White House ,
U.S. Department of Labor , and
American Hotel and Lodging Association .
[12] She describes the organization as "an important voice for the business community with a high level of personal engagement by its members.”
[12]
[13]
Prior to Colucci, Philip Cassidy served as executive director of The Business Council for more than two decades.
[14]
History
The Business Council was founded by Secretary of Commerce
Daniel C. Roper and investment banker
Sidney Weinberg as the Business Advisory Council for the
United States Department of Commerce in 1933, under President
Franklin D. Roosevelt .
[1]
[2]
[3]
[15] It formed the Industrial Advisory Board for the
National Recovery Administration during the
Great Depression .
[1] It also established committees to discuss the
Securities Exchange Act of 1934 , the
Banking Act of 1935 and the
Social Security Act .
[1]
[15]
According to the
Detroit Free Press , the organization was designed “for corporate titans to offer counsel and advise to the federal government.”
[16] It was renamed The Business Council as an organization independent from the Department of Commerce in 1961, under President
John F. Kennedy .
[1] The group is now “more about camaraderie and exchanging of ideas for time-pressed CEOs.”
[17]
Membership is limited to 200 active members, all of whom are CEOs of leading multinational businesses personally selected by fellow members of The Business Council.
[1]
[5]
The organization is strictly nonpartisan.
[5] It is headquartered in
Washington, D.C.
[2]
[3]
Current executive committee
The executive committee is composed of the following people:
[18]
[19]
Chairman
Members
Corie Barry , CEO, Best Buy
Jeff Bezos , Founder & former CEO, Amazon.com
Ana Botín , Executive Chairman, Santander Group
Gail K. Boudreaux , President & CEO, Elevance Health, Inc.
Mary Dillon , Former Executive Chair and CEO, Ulta Beauty
Jamie Dimon , Chairman & CEO, JPMorgan Chase & Co.
John Donahoe , President and CEO, Nike
Arnold Donald , President and CEO, Carnival Corporation
Roger Ferguson , Former President and CEO, TIAA
Alex Gorsky , Chairman & CEO, Johnson & Johnson
Henry R. Kravis , Executive Co-Chairman, Kohlberg Kravis Roberts
Dave MacLennan , Chairman and Chief Executive Officer, Cargill
Shantanu Narayen , Chairman, President, and CEO, Adobe Systems
David M. Solomon , Chairman and CEO, Goldman Sachs
Carol Tomé , CEO, UPS
Lisa Wardell, Executive Chairman, Adtalem Global Education
Kathy Warden , Chairman, CEO, and President, Northrop Grumman
Emma Walmsley , CEO, GlaxoSmithKline
Mike Wirth , Chairman & CEO, Chevron Corporation
Former chairs
1933:
Gerard Swope ,
General Electric
1934:
S. Clay Williams ,
RJ Reynolds Tobacco Company
1934–35:
Henry P. Kendall , Kendall Company
1936:
George H. Mead ,
Mead Corporation
1937–39:
W. Averell Harriman ,
Brown Brothers & Co.
1940–41:
William L. Batt ,
War Production Board
1942–43:
R. R. Deupree ,
Procter & Gamble
1944–45:
Thomas B. McCabe ,
Scott Paper Company
1946:
George M. Humphrey ,
National Steel Corporation
1947–48:
John L. Collyer ,
Goodrich Corporation
1949–50:
James S. Knowlson ,
Stewart-Warner
1951–52:
Robert T. Stevens ,
JP Stevens & Company
1953:
John D. Biggers ,
Libbey-Owens-Ford
1954–55:
Harold Boeschenstein ,
Owens Corning
1956–57:
Eugene Holman , Standard Oil of New Jersey (today
ExxonMobil )
1958–59:
Stephen Bechtel, Jr. ,
Bechtel
1960–61:
Ralph J. Cordiner ,
General Electric
1961–62:
Roger Blough ,
US Steel
1963–64:
F. R. Kappel ,
AT&T
1965–66:
W.B. Murphy ,
Campbell Soup Company
1967–68:
Albert L. Nickerson ,
Mobil (today ExxonMobil)
1969–70:
Fred J. Borch ,
General Electric
1971–72:
William M. Batten ,
JCPenney
1973–74:
David Packard ,
Hewlett-Packard
1975–76:
Edmund W. Littlefield , General Electric
1977–78:
John D. deButts , AT&T
1979–80:
Reginald H. Jones , General Electric
1981–82:
Walter B. Wriston ,
Citicorp
1983–84:
Clifton C. Garvin, Jr. , Exxon (today ExxonMobil)
1985–86:
Ruben F. Mettler ,
TRW
1987–88:
Stephen Bechtel, Jr. , Bechtel
1989–90:
Roger B. Smith ,
General Motors
1991–92:
John F. Welch, Jr. , General Electric
1993–94:
Robert E. Allen , AT&T
1995–96:
Edgar S. Woolard, Jr. ,
DuPont
1997–98:
Larry Bossidy ,
AlliedSignal
1999-00:
Ralph S. Larsen ,
Johnson & Johnson
2001–02:
William T. Esrey ,
Sprint Corporation
2003–04:
Charles O. Holliday, Jr. ,
Bank of America
2005–06:
Jeffrey R. Immelt , General Electric
2007–08:
W. James McNerney, Jr. ,
Boeing
2009–10:
James W. Owens ,
Caterpillar .
2011–12:
Jamie Dimon ,
JPMorgan Chase
2013–14:
Andrew Liveris ,
Dow Chemical Company
2015–16:
Jeff Bezos ,
Amazon
2017-18:
Henry R. Kravis ,
Kohlberg Kravis Roberts
2019-20:
John Donahoe ,
Nike
References
^
a
b
c
d
e
f
The Business Council, Official website, Background
Archived 2016-03-03 at the
Wayback Machine
^
a
b
c
Dow Chairman and CEO Andrew Liveris Elected Chairman, The Business Council
Archived 2012-10-22 at the
Wayback Machine , dow.com, October 19, 2012
^
a
b
c Press Release: The Dow Chemical Company,
Dow Chairman and CEO Andrew Liveris Elected Chairman, The Business Council ,
Yahoo! , October 19, 2012
^
Dow Chief To Head National Business Organization
Archived 2013-12-19 at the
Wayback Machine ,
WSGW
^
a
b
c
d
"Amazon's Jeff Bezos appointed chairman of Washington-based Business Council" . Washington Post . Retrieved 2017-08-12 .
^ Gangitano, Alex (2020-09-15).
"Quarterly report: Lobbyist's slide decks take off" . The Hill . Retrieved 2022-07-07 .
^ Cain, Carol.
"Gilbert's growing profile puts him in exclusive business company" . Detroit Free Press . Retrieved 2022-07-07 .
^
"VTB brings Bolshoi ballet to Kennedy Center" . POLITICO . Retrieved 2017-08-12 .
^
"About Us – The Business Council" . businesscouncil.com . Retrieved 2017-08-12 .
^ Gangitano, Alex (2020-10-08).
"Microsoft CEO Satya Nadella to lead global CEO group" . The Hill . Retrieved 2022-07-07 .
^
"Exploring the World of CEOs with Marlene Colucci - Be EPIC Podcast" . be-epic-podcast.captivate.fm . Retrieved 2022-07-01 .
^
a
b
"Colucci to lead Business Council" . POLITICO . Retrieved 2017-08-12 .
^
"Marlene Colucci-Renna Named Executive Director of the Business Council" . www.businesswire.com . Retrieved 2017-08-12 .
^ Tau, Byron.
"Colucci to lead Business Council" . POLITICO . Retrieved 2022-07-13 .
^
a
b
Barack Obama ,
Remarks by the President to The Business Council ,
The White House : Office of the Press Secretary, February 13, 2009
^ Cain, Carol.
"Gilbert's growing profile puts him in exclusive business company" . Detroit Free Press . Retrieved 2022-07-07 .
^ Cain, Carol.
"Gilbert's growing profile puts him in exclusive business company" . Detroit Free Press . Retrieved 2022-07-07 .
^
"KKR & Co. LP: Henry Kravis Elected Chairman of The Business Council – The Wall Street Transcript" . The Wall Street Transcript . Retrieved 2017-08-12 .
^ Admin.
"About Us" . The Business Council . Retrieved 2022-07-13 .
External links