For Immediate Release
Office of the Vice President
June 18, 2003
VP's Remarks at the 25th Anniversary of Washington Campus
The Mayflower Hotel
Washington, D.C.
7:12 P.M. EDT
THE VICE PRESIDENT: Thank you. (Applause.) Thank you. Well, thank you
very much, Bill. I'm delighted to be here to help celebrate the 25th
anniversary of the Washington Campus, and I am honored, as well, to get
to spend some time this evening with Bill Seidman.
I had no idea when I signed on for this gig that Dave Gergen would be
here tonight to participate in the festivities. Dave and I go way
back. We were actually classmates at Yale and -- starting in 1959. And
of course, David graduated. (Laughter.)
MR. GERGEN: And he went to the White House. (Laughter.)
THE VICE PRESIDENT: Well, I was going to explain, the President --
some of you may remember the President went back to Yale not too long
ago and spoke at a commencement. They'd invited him back. And he got up
and explained to the assembled students there, as they were getting
ready to receive their diplomas that if you went through Yale and
graduated with a gentleman's C, you could become President of the
United States. But if you flunked out, you could be Vice President of
the United States. (Laughter.) So it's a pleasure to see David back
here. I'm not sure I should be talking like this before an academic
group, though. (Laughter.)
But Bill and I have been friends for nearly 30 years. We first met in
that summer, August of 1974. And it was a critical moment in the
nation's history, as we went through the transition from the Nixon
administration to the Ford administration. Bill, of course, had been
working for President Ford for some time. And I believe it was on
August 9, 1974, when I was asked by Don Rumsfeld to go back and go to
the White House and become part of the transition team. And Bill was
there as -- been part of the vice presidential staff. Of course, we
worked together throughout the time that President Ford was in the
White House. And Bill, as the Assistant to the President for Economic
Affairs -- in our economic policy.
The President only had six or seven assistants in those days. We were
better organized than we are now. (Laughter.) But I remember looking at
the schedules of the various assistants to the President. I tried to
keep track and make sure they were all working 40 hours a week.
(Laughter.) And I remember there was something on Bill's schedule, a
very mysterious entry on his schedule that showed up repeatedly, called
the Green Conference. And one day I finally asked Bill, I said, what's
the Green Conference? And Bill admitted that's when he and Roger Porter
went out to play tennis. (Laughter.)
But since Bill worked in the White House, obviously, he's continued to
make great contributions to our Nation, serving as the co-chairman of
President Reagan's White House Conference on Productivity in the early
'80s. Later on, a six-year term as the chairman of the FDIC and the
first chairman of the Resolution Trust Corporation.
In addition to his commitments to public service, Bill, of course, has
had a very successful business career -- as a CEO of Seidman and
Seidman, Certified Public Accountants, and then as chief financial
officer and a director at Phelps, Dodge, and currently as the
consultant, publisher, and chief commentator on CNBC.
While pursuing his business interests, Bill has also led a third life
as a prominent educator, as dean of the business school at Arizona
State, and as one of the founders of the Washington Campus, a
nonpartisan, not-for-profit organization committed to educating
business leaders about how decisions get made in our federal
government.
I'm one of those that Bill persuaded early on to lecture regularly in
the Washington Campus program. And it was a tremendous experience,
opportunity to pause and reflect every once in a while as the classes
came through. And it was important work to do because I was the one who
had to clean up after Norm Ornstein explained the political system to
the students. (Laughter.)
But most of all it was valuable because it exposed future business
leaders to the work of government. And that exposure, we think, is
absolutely vital. I think oftentimes when business executives and
government officials meet, they often end up talking past each other.
Neither understands the other very well, sometimes. Many business
executives don't begin to understand the constraints and pressures that
policymakers face when they have to make a decision or evaluate a
proposal. And for their part, many government officials have never met
a payroll, have never run a business, have never had to deal with
government regulations on the receiving end. They have no concept of
what the world of business is really like, and not all of them
understand the importance of free markets, low taxes, and creating an
environment in which businesses and entrepreneurs can take risk and
invest in new technologies, and hire more people.
That's why the Washington Campus program has been so important.
They're helping bridge that gap between the world of business and the
world of politics. Business leaders learn to see the world as
Washington policymakers see it, and policymakers often gain a better
understanding of the realities of business life.
Most importantly, the Washington Campus helps the American people who
are deeply affected by the decisions that are made right here in
Washington and who need to have those decisions made by government
officials based on an accurate and a sophisticated understanding of our
economy and of the business world.
So let me conclude again by thanking you tonight for this award. It's
been a pleasure coming to the Washington Campus over the years, meeting
with its many fine students. And I want to congratulate my friend Bill
Seidman and everyone connected with the Washington Campus for the
tremendously important work that you've done. Thank you very much.
(Applause.)
END 7:19 P.M. EDT
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