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1.07 MB

Extraction Summary

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People
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Organizations
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Quotes

Document Information

Type: Presentation slides / consulting report
File Size: 1.07 MB
Summary

The document consists of two presentation slides (pages 345 and 346) from a report titled 'USA Inc. | What Might a Turnaround Expert Consider?' produced by the venture capital firm KPCB (Kleiner Perkins). The content focuses on strategies for reducing US Federal Government expenses, specifically suggesting the restructuring of entitlement programs (Social Security, Medicare) and improving operating efficiency by reducing federal headcount and reviewing wages and benefits. It cites economic data from 2007-2009 comparing public vs. private sector employment trends.

Locations (1)

Location Context
USA

Key Quotes (3)

"Determine if There are Non-Core ‘Business Lines’ That Can Be Centralized / Locally Out-Sourced"
Source
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Quote #1
"Federal government headcount (ex. military) grew by 56,000 (or 2%) in 2008 and another 107,000 (or 3%) in 2009"
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HOUSE_OVERSIGHT_021014.jpg
Quote #2
"private sector unemployment rose to 10% from 5% in 2007"
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HOUSE_OVERSIGHT_021014.jpg
Quote #3

Full Extracted Text

Complete text extracted from the document (944 characters)

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Focus on Expenses
Reform Entitlement Programs
Restructure Social Security
Restructure Medicare & Medicaid
Focus on Operating Efficiency
Review Federal Wages & Benefits
Review Government Pension Plan Characteristics & Compare with Private Sector Plans
Review Role of Unions
Review Government Cost Structure &
Consider Reducing Federal Headcount
Determine if There are Non-Core ‘Business Lines’
That Can Be Centralized / Locally Out-Sourced
KPCB
www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 345
Consider Reducing Federal Headcount
Federal government headcount (ex. military) grew by 56,000 (or 2%) in 2008 and another 107,000 (or 3%) in 2009, while private sector unemployment rose to 10% from 5% in 2007 and private sector headcount fell 1% in 2008 and 6% in 2009.
KPCB
www.kpcb.com
. Source: Census Bureau, Bureau of Economic Analysis.
USA Inc. | What Might a Turnaround Expert Consider? 346
HOUSE_OVERSIGHT_021014

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