We are deeply saddened to confirm the passing of our Chairman and CEO Doug Shorenstein.
Doug had been ill for some time and fought a courageous battle with his illness. Through it all, he maintained a positive and hopeful outlook, and he remained steadfastly focused on serving his family, his colleagues and his community.
We will miss him dearly.
Len Baker is a partner of Sutter Hill Ventures, a Silicon Valley venture capital firm founded in 1962. Mr. Baker has been a partner with Sutter Hill since 1973, and currently serves as a director of Corcept Therapeutics and Youku Tudou. Additionally, Mr. Baker is responsible for the investment in two companies Sutter Hill helped found, Chengwei Ventures, a Shanghai-based venture capital firm founded in 1999, and Golden Gate Capital, a San Francisco-based private equity firm founded in 2000.
Prior to working with Sutter Hill, Mr. Baker worked for Cummins Engine Company in London and Columbus, Indiana. Prior to Cummins, Mr. Baker worked for Delta Foundation, a community development corporation started by civil rights leaders in Greenville, Mississippi.
Mr. Baker is a former trustee of Yale University, where he chaired the Finance Committee, and he currently serves on Yale’s Investment Committee and the Advisory Board of the Yale School of Management. He is a board member of the Environmental Defense Fund. He is a member of the International Advisory Board and Investment Strategies Committee for the Government of Singapore Investment Corporation and also is a member of Singapore’s International Academic Advisory Panel. Additionally, Mr. Baker serves as an advisor on the Packard Foundation Investment Committee, as an advisor to Alta Advisers Ltd., a London-based family office, and is a member of the Board of Trustees for the Berklee College of Music in Boston. Mr. Baker is a former board member and chair of the finance and academic committees of Sacred Heart School in Atherton, California. He is also a former member of the Advisory Council of the Stanford Graduate School of Business.
Mr. Baker earned a B.A. in mathematics from Yale University and an M.B.A. from the Stanford Graduate School of Business.
William Poorvu is the Class of 1961 Adjunct Professor in Entrepreneurship Emeritus at Harvard Business School. For several decades, he was responsible for and taught the real estate courses at HBS. He is the author of several books and articles on real estate, including Creating and Growing Real Estate Wealth and The Real Estate Game.
Mr. Poorvu has been managing partner in a number of real estate companies and has served as consultant to various organizations in the private and public sectors. He is a founder and past chairman of the Baupost Group L.L.C., an investment advisory firm, of which, he currently serves as co-chairman of its board of advisors; he formerly served as an independent trustee of the MFS Group of Mutual Funds; and as director of CBL & Associates, Trammell Crow Realty Investors, and Connecticut General Mortgage and Realty Investments. He is also a past vice chairman/treasurer of Boston Broadcasters, Inc., licensee of Channel 5, WCVB-TV Boston.
Mr. Poorvu is a life trustee and former vice chairman and treasurer of the Boston Symphony Orchestra; life trustee and former treasurer of the Gardner Museum; trustee emeritus and former vice chairman of the National Public Radio Foundation; fellow of The American Academy of Arts and Sciences; former member of the investment committee of the Carnegie Corporation of New York; and former member of the Yale University Council and its Investment Committee. He has also served on the board of other non-profit and community organizations.
Mr. Poorvu earned a B.A. from Yale University and an M.B.A from Harvard Business School.
T. Gary Rogers is currently chairman of Safeway, Inc. He was previously chairman and chief executive officer of Dreyer’s Grand Ice Cream, Inc., a company he and his partner purchased in 1977, took public in 1981, and sold to Nestlé in 2006. He is the past chairman of Levi Strauss & Co. and the Federal Reserve Bank of San Francisco. He is a director of Stanislaus Food Products, University of California San Francisco Medical Center, and UCSF Benioff Children’s Hospital Oakland. He is a member of the Chancellor’s Executive Advisory Council of the University of California at Berkeley and the Investment Advisory Group for The Regents of the University of California. He is chairman of the Oakland Dialogue and is a former chairman of the Bay Area Council and the Oakland Partnership.
Mr. Rogers is the primary benefactor of the University of California Men’s Crew, the T. Gary Rogers Rowing Center, and the California Rowing Club. He also is a member of the High Performance Committee of U.S. Rowing.
Mr. Rogers earned a B.A. from the University of California at Berkeley and an M.B.A. from Harvard Business School.
Richard Rosenberg is the retired chairman and chief executive officer of BankAmerica Corporation. He was appointed as chairman and chief executive officer in 1990 and served until 1996. Prior to joining Bank of America in 1987, Mr. Rosenberg worked at Wells Fargo Bank for 22 years, his last years serving as vice chairman and director.
Mr. Rosenberg is a retired commander in the U.S. Naval Reserve, a member of the California Bar Association, a trustee of the California Institute of Technology, a past president of The Bankers Roundtable, the Bank Marketing Association, the Federal Advisory Council of the Federal Reserve System and a past chairman of MasterCard International. He is a member of the boards of directors of the Buck Institute for Age Research, Health Care Property, Inc., the San Francisco Symphony, and the Naval War College Foundation and is past chairman of the University of California San Francisco Foundation and chairman of the executive council of the University of California Medical Center. He has served as the chairman of the board for ABX Air, and as a director of Airborne Express Corporation, SBC Communications, UCSF-Stanford Health Care, Chronicle Publishing Company, Copia (American Center for Wine, Food & the Arts), Northrop Grumman Corporation, Pacific Life Insurance Company, Premier Pacific Vineyards, and Exigen Group. Mr. Rosenberg was recently elected to The American Academy of Arts and Sciences.
Mr. Rosenberg earned a B.S. from Suffolk University and an M.B.A. and a J.D. from Golden Gate University.
Michael Rossi is a retired vice chairman of BankAmerica Corporation, serving from 1993 to 1997. Prior to serving as vice chairman, Mr. Rossi was BankAmerica’s chief credit officer. Prior to that post, he held various executive positions which included running the Bank’s Commercial Banking Division, Global Private Bank, the Asia Division, and the Latin America Division. He also served as senior credit officer of the World Banking Group. From 2005 to 2007, Mr. Rossi was chairman and CEO of Aozora Bank, taking it public in November 2006. He also spent eight months as chairman of GMAC/ResCap.
Mr. Rossi is a member of the board of the Special Olympics Committee of Northern California, senior advisor to the San Francisco 49ers, member of the board of the Claremont Graduate University, Senior Advisor for Jobs and Economic Development for the Governor of the State of California, chairman of the Work Force board for the State of California and a director of the California High Speed Rail Authority. He is a former member of the North Hawaii Community Hospital board, the board of BAWAG Bank Vienna Austria, the board of Pulte Homes, the American Banker’s Association, Claremont University Center and Graduate School, the American Graduate School of International Management, University of California at Berkeley Art Museum, Del Webb Corporation, the San Francisco Opera, the National Urban League, Union Pacific Resources, the United Way of Northern California; chairman of the board of trustees on the Monterey Institute of International Studies; chairman of the board of Lifesavers. He also served on the President’s Campaign Cabinet for University of California at Berkeley, was a member of the nominating committee of the Bankers Association for Foreign Trade (BAFT) as well as past president of the board of BAFT and chairman of the American Diabetes Association of California.
Mr. Rossi earned a B.A. from the University of California at Berkeley.
David Swensen, Yale’s Chief Investment Officer, oversees $23.9 billion in Endowment assets and several hundreds of millions of dollars of other investment funds. Under his stewardship during the past 28 years the Yale Endowment generated returns of 13.8 percent per annum, a record unequalled among institutional investors. Mr. Swensen leads a staff of 30, located near the University’s campus in downtown New Haven.
Prior to joining Yale in 1985, Mr. Swensen spent six years on Wall Street – three years at Lehman Brothers and three years at Salomon Brothers – where his work focused on developing new financial technologies. At Salomon Brothers, he structured the first swap, a currency transaction involving IBM and the World Bank. Mr. Swensen authored Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment and Unconventional Success: A Fundamental Approach to Personal Investment, both published by The Free Press, an imprint of Simon & Schuster. His books have been translated into Chinese, Japanese, Korean, German, French, Spanish, Italian and Portuguese.
Mr. Swensen has won numerous awards, including: in 2012, the Yale Medal for outstanding individual service to the University; in 2008, a fellowship in the American Academy of Arts & Sciences; in 2007, the Mory’s Cup for conspicuous service to Yale; in 2007, the Hopkins Medal for commitment, devotion and loyalty to Hopkins School; and in 2004, the Inaugural Institutional Investor Award for Excellence in Investment Management. At Yale, where he teaches students in Yale College and at the School of Management, he is a Fellow of Berkeley College, an Incorporator of the Elizabethan Club, and a Fellow of the International Center for Finance.
Mr. Swensen advised the President of the United States as a member of the President’s Economic Recovery Advisory Board. He served as trustee or advisor to the Brookings Institution, Cambridge University, the Carnegie Corporation, the Carnegie Institution of Washington, the Hopkins School, TIAA, Major League Baseball, the New York Stock Exchange, the Howard Hughes Medical Institute, the Courtauld Institute of Art, the Yale New Haven Hospital, the Investment Fund for Foundations, the Edna McConnell Clark Foundation and the States of Connecticut and Massachusetts.
Mr. Swensen earned B.A. and B.S. degrees from the University of Wisconsin-River Falls and a Ph.D in economics from Yale University.