HOUSE_OVERSIGHT_021027.jpg
2.1 MB
Extraction Summary
3
People
7
Organizations
1
Locations
2
Events
1
Relationships
4
Quotes
Document Information
Type:
Presentation slides / presentation deck (kpcb 'usa inc.')
File Size:
2.1 MB
Summary
The document consists of two slides (pages 371 and 372) from a KPCB presentation titled 'USA Inc. | What Might a Turnaround Expert Consider?'. The content analyzes US technology R&D spending from 1953-2008, noting a shift from federal to private industry funding, and argues for government incentives to encourage private R&D investment for GDP growth. It features a quote from Intel CEO Paul Otellini and references an article by John Chambers and Safra Catz; the document bears a 'HOUSE_OVERSIGHT' Bates stamp, suggesting it is part of a larger congressional investigation cache.
People (3)
| Name | Role | Context |
|---|---|---|
| Paul Otellini | CEO, Intel Corporation |
Quoted regarding the future of business assumptions, innovation, and education.
|
| John Chambers | Author |
Cited in a footnote as co-author of a WSJ article regarding overseas profits.
|
| Safra Catz | Author |
Cited in a footnote as co-author of a WSJ article regarding overseas profits.
|
Organizations (7)
Timeline (2 events)
2009-02-10
2010-10-20
Publication of article 'The Overseas Profits Elephant in the Room' in WSJ.
Wall Street Journal
Locations (1)
| Location | Context |
|---|---|
|
Subject of the economic analysis and R&D spending data.
|
Relationships (1)
Cited together in footnote 1 regarding a WSJ article.
Key Quotes (4)
"But USA Inc. Has Steadily Scaled Back Investment in Technology R&D Since the 1960s...the Good News is That Private Industry Has Picked Up Lots of Slack, So Far"Source
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Quote #1
"As we contemplate our future, we must accept the fact that many of the assumptions under which business operated for the past 50 years no longer hold true..."Source
HOUSE_OVERSIGHT_021027.jpg
Quote #2
"Innovation...accrues to countries in proportion to the quality and rigor of their educational systems..."Source
HOUSE_OVERSIGHT_021027.jpg
Quote #3
"Government targeted and ‘blue sky’ investment in technology (and defense) has led to crucial technology inventions for America – such as ARPANET / Internet (1970s) and Global Positioning System (1980s)..."Source
HOUSE_OVERSIGHT_021027.jpg
Quote #4
Full Extracted Text
Complete text extracted from the document (2,277 characters)
But USA Inc. Has Steadily Scaled Back Investment in Technology R&D Since the 1960s...the Good News is That Private Industry Has Picked Up Lots of Slack, So Far
Total USA Technology Research & Development Spending as % of GDP by Funding Source, 1953 – 2008
Total Technology R&D Spending as % of GDP
3%
2%
1%
0%
1953 1957 1961 1965 1969 1973 1977 1981 1985 1989 1993 1997 2001 2005
3%
2%
1%
0%
1953 1957 1961 1965 1969 1973 1977 1981 1985 1989 1993 1997 2001 2005
[Legend]
■ Other (Non-Profit / University / Other Government)
■ Private Industry
■ Federal Government
■ Other (Non-Profit / University / Other Government)
■ Private Industry
■ Federal Government
KP
CB www.kpcb.com
Source: National Science Foundation, Science and Engineering Indicators, 2008.
USA Inc. | What Might a Turnaround Expert Consider? 371
CB www.kpcb.com
Source: National Science Foundation, Science and Engineering Indicators, 2008.
USA Inc. | What Might a Turnaround Expert Consider? 371
For GDP Growth & Job Creation, It’s Key for Private Industry to Remain Incentivized to Invest in R&D
As we contemplate our future, we must accept the fact that many of the assumptions under which business operated for the past 50 years no longer hold true...If we are committed to investing in ideas to improve – not just maintain – what we have and what we know, the United States will do more than just recover from this recession. We will emerge, once again, as a competitive, global powerhouse...Innovation...accrues to countries in proportion to the quality and rigor of their educational systems...The future of every nation will be shaped by new ideas and creativity. These are the engines of future prosperity.
– Paul Otellini, CEO, Intel Corporation, 2/10/09
– Paul Otellini, CEO, Intel Corporation, 2/10/09
Government targeted and ‘blue sky’ investment in technology (and defense) has led to crucial technology inventions for America – such as ARPANET / Internet (1970s) and Global Positioning System (1980s)..., which, on a net basis, have created jobs, wealth and related tax revenue.
Government investment in technology remains important, but, perhaps more important, government must help incentivize private industry (via tax policies such as allowing companies to repatriate overseas cash at lower tax rates¹ and other tools) to invest in domestic research & development and to create jobs...and create a stable environment in which to operate.
KP
CB www.kpcb.com
Note: 1) See John Chambers and Safra Catz, “The Overseas Profits Elephant in the Room,” The Wall Street Journal, 10/20/10.
USA Inc. | What Might a Turnaround Expert Consider? 372
CB www.kpcb.com
Note: 1) See John Chambers and Safra Catz, “The Overseas Profits Elephant in the Room,” The Wall Street Journal, 10/20/10.
USA Inc. | What Might a Turnaround Expert Consider? 372
HOUSE_OVERSIGHT_021027
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