109 - SMART90.com/Milkin Institute Global Conference

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2003 Milkin Conference Highlights - March31 through April 2nd

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Articles:
Evidence-based health delivery
When thinkers gather
About Michael Milken
SPEAKERS LIST

 

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Milken Institute
Sponsors Conference Features
Gov. Gray Davis; Gary Hart, Steve Forbes, Jerry Brown,
Rupert Murdoch, George Argyros, Stephen Bollenbach,Bruce Karatz, Diane Swonk and William J. Bennett. Television International Magazine Publisher/Editor, Josie Cory, and Editors Troy Cory, Lyle Bunn and Jim Bennett attended the event

-----The event brought together politicians, executives and others to discuss public policy, social issues and economic trends.
----- The Milken Institute in Santa Monica held its 2003 Global Conference, featuring discussions on the effect of war with Iraq and U.S.-Europe relations, America's role in the world and security issues, beginning today.
----- The sixth annual event, with the theme this year of "Creating Value, Opportunity and Economic Growth," will bring together economists, executives, academics, scientists and others to discuss public policy, social issues and economic trends.
----- This year's lineup of speakers includes Gov. Gray Davis; Gary Hart, Democratic presidential candidate and former U.S. senator; Steve Forbes, chief executive of Forbes Inc. and former Republican presidential candidate; Jerry Brown, mayor of Oakland and former governor of California; Rupert Murdoch, chairman and chief executive of News Corp.; George Argyros, U.S. ambassador to Spain; Stephen Bollenbach, president and CEO of Hilton Hotels Corp.; Bruce Karatz, chairman and chief executive of KB Home; Diane Swonk, chief economist of Bank One Corp.; and William J. Bennett, former U.S. secretary of Education.
----- The conference, at the Beverly Hilton Hotel in Beverly Hills, ended on Wednesday.

Evidence-based Health Delivery

By Lyle Bunn and Jim Bennett

A Milken Institute panel comprised of some key, representative stakeholders in America's health care delivery reflected a relative level of agreement on some basic issues.
------A silver bullet in achieving high quality, broadly available and affordable health care is "evidence-based health care delivery". This approach is founded in the continuous monitoring of health status to produce better health care delivery and health status outcomes. Healthier living choices, changes in health status, earlier diagnosis and improved awareness on the part of individuals of health status, treatment options and play-offs are needed to improve health care delivery summarized Leslie Michelson, President and CEO, Cap CURE in moderating the panel.
------While corporations, insurers, and health providers of every stripe agree that the system is broken from their vantage point, most agree that it is the current structures of incentivization that is most to blame.
------"What is fascinating" said Wendy Everett, President of the New England Healthcare Institute "is that while health behaviors, that is to say living choices, can have the greatest impact on health delivery costs, it is the area that gets the least attention".
------Dr. Bill Bracciodieta, Chief Medical Officer, Western Region, Health Net, Inc. said, "Systems are created to obtain exactly the outcome that is derived. 80% of health costs are defined by the physicians pen and you get what you incentivize"
------Thomas Priselac, President & CEO, Cedars-Sinai Health System is long steeped in the problem… labor costs increasing at 10-12% annually, a demographic shift in an aging population that is needing health care earlier in their life, while high quality, broad access and low cost are also needed. "Evidence-based health care delivery allows the physicians role to be more transparent to patients," he said adding, "This is fundamental to future health care delivery and cost management"
------Panelists were in general agreement on the importance of six issues. These include their belief in Evidence based medicine, the transparency of information in the performance of individual health providers, the rationalization of government payments, health care availability for everyone, the education of consumers dealing with health delivery and the cause and effect relationship of life choices and finally in the need for economic alignment.

lylebunn@hotmail.com

///

The Milken Institute;
When thinkers gather

By Lyle Bunn and Jim Bennett

Climate change over 425,00 years, students per thousand in China, dancing angel density at pinhead sub micron levels. Some would say it is academic discussion run amuck or too many people with time on their hands not realizing when real action is required.

Not so for those attending the Milken Institute conference held in Los Angeles March 31 to April 2, 2003.

Such dialogue is part of the mix. History, projections and fact presented in support of propositions about and for change &endash; change being THE constant. The dissertations and Socratic, sometime spirited dialogue was underpinned by another great constant; that we are all part of one world, and that we share the desire for a quality of life. While there was a measure of American "us-and-only" paternal superpower sentiment, generally those who spoke, listened or questioned did so with an interest in the advancement of the human species at large in mind.

The veracity of those at Milken to play their role in creating the future was not deterred by any current circumstances. The backdrop of a current war, a beleaguered economy, global shifts in alliances and economic power and an outlook as uncertain as any next day can be came through most of the 43 panels involving close to 200 Nobel-laureates, corporate leaders, media executives and public figures.

The economic uncertainty of housing and automotive industry performance peaking in performance, rising healthcare costs, stagnant capital spending, little motivation to create inventories, deficits on the part of virtually all public sector levels, uncertain trade outlook and the sun is rising quickly in other hemispheres did not deter the Milken crowd.

In fact the adage that "the best way to predict the future is to invent it" seemed the "groupthink" and collective action plan.

The quality of thought and character were as clear in this gathering as were the ability of those with their hands most on the various tillers of vertical sectors to stand with confidence in the middle of the morass and seek betterment.

"Optimism is justified when the problems are acute," reiterated Michael Milken Chairman, Milken Institute; Chairman, CaP CURE and Co-founder, Milken Family Foundation.

Several mega-themes emerged during the many presentations.

The importance of a shift from debt and consumption to investment and productivity emerged as a theme in a spirited dialogue moderated by Larry King, Host, "Larry King Live" that included Robert Bartley, Editor Emeritus, The Wall Street Journal; William Bennett, Former U.S. Secretary of Education; Co-Director, Empower America; Chairman, K12; Gary Hart, Senior Counsel, Coudert Brothers; former U.S. Senator, D-CO, and Presidential Candidate; and Stephan Richter, Publisher and Editor-in-Chief, The Globalist.

The fundamental importance of intellectual property frameworks that incentivize creativity and commerce while reducing piracy emerged as an issue of continued critical importance.

Evidence-based medicine and risk-assessed management of health care delivery was presented as a critical next step in improving health service delivery.

The positive impacts of education on global safety, development and quality of life were stressed and reinforced throughout conference sessions.

Finally, the theme of the relationship of "us" and "them", by whatever definition(s) might be applied, flowed throughout the sessions and conversations during the several day event. While place, role, responsibility and entitlement will be questioned as long as humans as a species exist, Milken Institute pointed the direction &endash; to be what we are and to become, each and as a whole, what we are capable of becoming.

About Michael Milken

Chairman, Milken Institute; Chairman, CaP CURE; Co-founder, Milken Family Foundation. Mike Milken, the Institute's chairman, has been one of America's leading philanthropists for a quarter century. In 1982, he co-founded the Milken Family Foundation to support medical research and education. His latest medical initiative is CaP CURE, The Prostate Cancer Foundation, the world's largest private founder of prostate cancer research.

As a financier, he is often said to have revolutionized modern capital markets, creating millions of jobs. He graduated summa cum laude from UC, Berkeley and earned his MBA from the Wharton School. He and his wife, Lori, have 3 children and celebrate their 35th anniversary this year.

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Speakers List

Arlene Ackerman, Superintendent, San Francisco Unified School District

Sharon Allen, Chairman of the U.S. Board of Directors, Deloitte & Touche

Martha Amram, Author, Speaker, Consultant; former CEO, Vocomo Software Corp.

Kapila Anand, Partner, National Industry Director - Hospitality, KPMG

George Argyros, Ambassador, American Embassy, Madrid, Spain

Kenneth Arrow, Nobel Laureate, Economic Sciences, 1972; Professor of Economics & Operations Research (Emeritus), Stanford University

David Baltimore, Nobel Laureate, Medicine, 1975; President, California Institute of Technology

Richard Bank, President, Managing Director, First-Tier Biotechnology Partners

Anna Barker, Ph.D., Deputy Director for Strategic Scientific Initiatives, National Cancer Institute

Robert Bartley, Editor Emeritus, The Wall Street Journal

Gary Becker, Nobel Laureate, Economic Sciences, 1992; Professor, Economics and Sociology, University of Chicago

Judith Bello, Senior Adviser, Pharmaceutical Research and Manufacturers of America (PhRMA)

William Bennett, Former U.S. Secretary of Education; Co-Director, Empower America; Chairman, K12

Jim Berens, Managing Director, Pacific Alternative Asset Management Company

Leslie Biller, Retired Vice Chairman & chief Operating Officer, Wells Fargo & Company; Advisory Director, PG Corporation and Pacific Gas and Electric Company Boards of Directors and Director of Ecolab Inc.

Gordon Binder, Managing Director, Coastview Capital; former CEO, Amgen

Joaquin Blaya, Chairman and Chief Executive Officer, Radio Unica Communications Corp.

Stephen Bollenbach, President & CEO, Hilton Hotels Corporation

Joseph Boystak, Managing Director, Health Care Finance Group, Jefferies & Co.

Bill Bracciodieta, Chief Medical Officer, Western Region, Health Net, Inc.

Jacques Brand, Managing Director and Global Group Head of Real Estate, Gaming and Lodging Investment Banking, Deutsche Bank Securities Inc.

Sydney Brenner, Nobel Laureate, Medicine, 2002; Founder, Molecular Sciences Institute

Hank Brown, President / CEO, Daniels Fund

Jerry Brown, Mayor, City of Oakland; former Governor of California

Steven Burd, Chairman, President and CEO, Safeway Inc.

Sarah Carey, Partner, Squire, Sanders & Dempsey LLP

S. Ward Casscells, the John Edward Tyson Distinguished Professor of Medicine (Cardiology) and Public Health; Vice President for Biotechnology, The University of Texas Health Science Center at Houston

Rene Champagne, Chairman and CEO, ITT Educational Services, Inc.

Peter Chernin, President, Chief Operating Officer, News Corporation; Chairman & CEO, the Fox Group

Steven Chu, Nobel Laureate, Physics, 1997; Chair, Department of Physics, Stanford University; Theodore and Frances Geballe Professor of Physics and Applied Physics, Stanford University

Todd Cohen, President, CRAFund Advisors

Craig Cohon, CEO, Globalegacy

Lewis Coleman, President, Gordon and Betty Moore Foundation

Arthur Coppola, President & CEO, Macerich Company

Timothy Dattels, Managing Director, Investment Banking, Goldman Sachs

Gray Davis, Governor, State of California

José de Jesús Legaspi, President, The Legaspi Company

Jean-Philippe de Schrevel, Director, BlueOrchard Finance s.a.

Ross DeVol, Director, Regional and Demographic Studies, Milken Institute

Frank Do, Principal, American Capital

Jack Dunn, IV, Chairman and CEO, FTI Consulting

Peter Early, Chief Executive Officer, Big Sky Capital

Paul Ehrlich, Bing Professor of Population Studies; Professor of Biological Sciences, Stanford University

Stuart Eizenstat, Partner, Covington & Burling; former Deputy Secretary of the Treasury; former Ambassador to the European Union

Wendy Everett, President, New England Healthcare Institute

Leonard Firestone, CEO, President, Chief Medical Officer, Director, Manhattan Pharmaceuticals, Inc.

Michael Flaherman, Senior Advisor, New Mountain Capital, LLC; former Chair, CalPERS Investment Committee

Robert Fogel, Nobel Laureate, Economic Sciences; Charles R. Walgreen Distinguished Service Professor of American Institutions, University of Chicago, Graduate School of Business

Steve Forbes, President and CEO, Forbes; Editor-in-Chief, Forbes magazine

William Frey, Senior Fellow, Milken Institute; Visiting Fellow, Brookings Center on Urban and Metropolitan Policy; Research Scientist, Population Studies Center, University of Michigan

Carlos Garcia, Superintendent, Clark County School District, Nevada

John Given, Senior Vice President, Development, CIM Group

Rob Glaser, Founder, CEO, RealNetworks, Inc.

Chris Gopal, Vice President, Global Supply Chain Management Practice, Unisys

David Gordon, Director of the Office of Transnational Issues, Central Intelligence Agency

Peter Grauer, Chairman, Bloomberg L.P.

Ram Gupta, Executive Vice President, Products and Technology, PeopleSoft

James Hahn, Mayor, City of Los Angeles, California

Patrick Harker, Dean, Wharton School of the University of Pennsylvania; Reliance Professor of Management and Private Enterprise, University of Pennsylvania

Gary Hart, Senior Counsel, Coudert Brothers; former U.S. Senator, D-CO, and Presidential Candidate

David Heber, Director, University of California, Los Angeles Center for Human Nutrition

Eugene Hickok, Under Secretary of Education, U.S. Department of Education

Charles Homcy, Senior Research & Development Advisor, Millennium Pharmaceuticals Inc.

Leroy Hood, President, Director and Professor, Institute for Systems Biology

Robert Hormats, Vice Chairman, Goldman Sachs (International); Managing Director, Goldman, Sachs & Co.

Takeo Hoshi, Pacific Economic Cooperation Professor of International Economic Relations, UCSD Graduate School of International Relations & Pacific Studies

R. Glenn Hubbard, Former Chairman, White House Council of Economic Advisers; Russell L. Carson Professor of Economics and Finance, Columbia University

Thomas Hughes, Global Head Asset Management; Member, of Group Executive Committee, Deutsche Bank

Victor Imbimbo, Jr., Executive Group Director, TBWA\CHIAT\DAY

Kirk Inoue, President, Kinetic Group

Michael Intriligator, Senior Fellow, Milken Institute; Professor of Economics, Political Science and Policy Studies, University of California, Los Angeles

Wolfgang Ischinger, Ambassador of the Federal Republic of Germany to the United States of America

Richard Jacobs, Financial Advisor, Glazer Family Interests

Bruce Karatz, Chairman & CEO, KB Home

Rich Karlgaard, Publisher, Forbes

Daniel Kastholm, Managing Director, Fitch Ratings' Latin America Corporate Finance Group

Richard Katz, Senior Editor, The Oriental Economist Report

Richard Kincaid, President, Equity Office Properties Trust

Larry King, Host, "Larry King Live"

J. Jorge Klor de Alva, President and CEO, Apollo International Inc.

Michael Klowden, President and CEO, Milken Institute

Dennis Kneale, Managing Editor, Forbes Magazine

Rob Koepp, Research Fellow, Regional and Demographic Studies, Milken Institute

Joel Kotkin, Senior Fellow, Milken Institute; Senior Fellow, Davenport Institute for Public Policy, Pepperdine University

Orin Kramer, Chair, Investment Council, State of New Jersey; General Partner, Kramer Spellman LP

Jules Kroll, Executive Chairman of the Board, Kroll Inc.

Joel Kurtzman, Partner, Global Thought Leadership and Innovation, PricewaterhouseCoopers; former editor, Harvard Business Review

Michio Kushi, Chairman, Kushi Institute; Senior Advisor to Tsubasa System Co.

Robert Lally, President, LeapFrog SchoolHouse

Terrence Lanni, Chairman and CEO, MGM MIRAGE

Joshua Lederberg, Nobel Laureate, Medicine, 1958; Professor Emeritus, Rockefeller University

Roy March, President, Senior Partner, Eastdil Realty, LLC

Patrick McGurn, Vice President & Special Counsel, Institutional Shareholder Services, Inc. (ISS)

Alan Mendelson, Partner, Corporate Department, Latham & Watkins LLP

Richard Merkin, CEO, Heritage Provider Network

Adam Meyerson, President, The Philanthropy Roundtable

Leslie Michelson, President and CEO, Cap CURE

Michael Milken, Chairman, Milken Institute; Chairman, CaP CURE; Co-founder, Milken Family Foundation

John Miller, Commanding Officer for Homeland Security Bureau, Los Angeles Police Department

Jonathan Miller, Chairman and CEO, America Online, Inc.

Arnold Milstein, National Healthcare Thought Leader, Mercer Human Resource Consulting

Patrick Mitchell, Managing Director, MW Post Advisory Group, LLC

David Moore, Chairman and CEO, Corinthian Colleges, Inc.

Craig Muhlhauser, Chairman of the Board, President, Chief Executive Officer, Exide Technologies

Barry Munitz, President and CEO, The J. Paul Getty Trust

Bernard Munk, Principal, Munk Advisory Services

Sergio Munoz, Correspondent, Los Angeles Times.

Rupert Murdoch, Chairman and CEO, News Corporation

Joseph Neubauer, Chairman and CEO, ARAMARK Corp.

Richard Nevins, Managing Director, Jefferies & Company

Suzanne Nora Johnson, Director, Investment Research Division, Goldman Sachs

Gerald Odening, Managing Director and Senior Analyst, Knowledge Services, Jefferies & Co.

Dean Ornish, Founder and President, Preventive Medicine Research Institute; Clinical Professor of Medicine, University of California, San Francisco

Nelson Ortíz, President, Caracas Stock Exchange

Stewart Paperin, Executive Vice President, Open Society Institute

Sharon Patrick, President & COO, Martha Stewart Living

Mark Patterson, Chairman, MatlinPatterson Global Advisors LLC

Nancy Pfund, Managing Director, JP Morgan

Steven Pinker, Professor of Psychology, Department of Brain and Cognitive Sciences, Massachusetts Institute of Technology

Thomas Priselac, President & CEO, Cedars-Sinai Health System

John Puerner, Publisher, President & CEO, Los Angeles Times

Navi Radjou, Senior Analyst, Business Applications and Services, Forrester Research, Inc.

Luther Ragin, Jr., Vice President, Social Investing, The F.B. Heron Foundation

Lewis Ranieri, Chairman, Hyperion Capital Management; Chairman, Ranieri & Company, Inc.

Joseph Ravitch, Managing Director, Investment Banking Division, Goldman Sachs

Paul Reilly, Chairman and CEO, Korn/Ferry International

David Renzer, Worldwide President, Universal Music Publishing Group

Lynda Resnick, Co-Chairman, Roll International Corporation

Constance Rice, Co-Director, Advancement Project, Los Angeles

Stephan Richter, Publisher and Editor-in-Chief, The Globalist

Linda Riegle, Judge, U.S. Bankruptcy Court, District of Nevada

Alan Robinson, Vice Provost, Medical Sciences and Executive Associate Dean of the UCLA School of Medicine

John Rogers, Chairman and CEO, Ariel Capital Management, Inc.

Roy Romer, Superintendent, Los Angeles Unified School District

Michael Rosen, Principal and Chief Investment Officer, Angeles Investment Advisors

Michael Ross, Chief Investment Officer, Stanford Management Company

Wilbur Ross, CEO and Chairman, WL Ross & Co. LLC

Richard Sandor, Chairman and CEO, Chicago Climate Exchange, Inc.

David Satterthwaite, President, CEO & Co-Founder, Prisma MicroFinance, Inc.

Rockwell Schnabel, Ambassador, U.S. Mission to the European Union

Myron Scholes, Nobel Laureate, Economic Sciences, 1997; Managing Partner, Oak Hill Capital Management

Andrew Segal, President & Founder, Boxer Properties, LLC

Jack Shakely, President, California Community Foundation

Thomas Shanklin, President & Managing Director, Investment Performance Services

Robert Silberman, President and CEO, Strayer Education Inc.

Mark Sirower, Corporate Development Advisor, Boston Consulting Group; Global Leader, BCG Mergers & Acquisitions Practice

William Slattery, Partner, Deerfield Management Company

Andy Slavitt, President and CEO, HealthAllies

Shelley Smith, President, Los Angeles City Employees' Retirement System

Irwin Stelzer, Director of Regulatory Studies and Senior Fellow, Hudson Institute; Contributing Editor, The Weekly Standard

Barry Sternlicht, Chairman and CEO, Starwood Hotels & Resorts Worldwide, Inc.

Donald Straszheim, Vice Chairman, Milken Institute; Founder, Principal, Straszheim Global Advisors

Manuel Suárez-Mier, Senior Economist, Bank of America

Kathryn Swintek, Managing Director and Head, U.S. Leverage Financing, BNP Paribas

Diane Swonk, Director of Economics/Chief Economist and Senior Vice President, Bank One Corporation

Scott Syphax, President & Chief Executive Officer, Nehemiah Corporation

Zhengyu Tang, Partner, Sidley Austin Brown & Wood

Alvin Toffler, Author, Futurist

Stuart Trager, Orthopedic Surgeon, Pennsylvania Hospital; Founder ELITE Health & Wellness; Consultant, Atkins Nutritionals, Inc.

Susanne Trimbath, Research Economist, Milken Institute

Thomas Tseng, Director of Marketing, Cultural Access Group, Inc.

Susan Urahn, Director, Knowledge Resources and Education Program, The Pew Charitable Trusts

Ash Vasudevan, Vice President of Strategic Initiatives, CommerceNet

Andrew von Eschenbach, Director, National Cancer Institute

Christof Weber, Senior Vice President, Global Research Team, Latin America, Trust Company of the West

Steve Westly, Controller, State of California

James Wiatt, President & Co-CEO, William Morris Agency

Anthony Williams, Mayor, District of Columbia

Caroline Williams, Chief Financial and Investment Officer, The Nathan Cummings Foundation

Bruce Willison, Dean, The Anderson School at University of California, Los Angeles

Gary Wilson, Chairman, Northwest Airlines

Michael Wolf, Director and Managing Partner, Media and Entertainment Practice, McKinsey & Company

M.K. Wong, Vice President, China Trade of Orient Overseas Container Lines (OOCL)

Perry Wong, Research Economist, Milken Institute

Christianna Wood, Senior Investment Officer - Global Equity, CalPERS

Tom Wright, Senior Vice President Americas, Cathay Pacific Airways

Steve Wynn, President and CEO, Wynn Resorts

Glenn Yago, Director, Capital Studies, Milken Institute

Betsy Zeidman, Director, Milken Institute Center for Emerging Domestic Markets

Ahmed Zewail, Nobel Laureate, Chemistry, 1999; Linus Pauling Chair, Professor of Chemistry and Physics, California Institute of Technology

Respectfully Submitted
Josie Cory
Publisher/Editor TVI Magazine
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