Erskine Bowles

Erskine Bowles
Chairman of the National Commission on Fiscal Responsibility and Reform
Incumbent
Assumed office February 18, 2010 Serving with Alan Simpson
Preceded by	Position established
President of the University of North Carolina
In office October 3, 2005 – December 31, 2010
Preceded by	Molly Broad
Succeeded by	Thomas Ross
19th White House Chief of Staff
In office January 1997 – October 1998
President	Bill Clinton
Preceded by	Leon Panetta
Succeeded by	John Podesta
White House Deputy Chief of Staff
In office October 1994 – December 1995 Served with Harold Ickes
President	Bill Clinton
Preceded by	Philip Lader
Succeeded by	Evelyn Lieberman
Administrator of the Small Business Administration
In office January 1993 – October 1994
President	Bill Clinton
Preceded by	Pat Saiki
Succeeded by	Philip Lader
Personal details
Born	Erskine Boyce Bowles August 8, 1945 (1945-08-08) Greensboro, North Carolina, U.S.
Political party	Democratic Party
Spouse(s)	Crandall Close
Alma mater	University of North Carolina, Chapel Hill Columbia University
Profession	Businessperson Administrator

Erskine Boyce Bowles (pronounced /ˈɜrskən ˈboʊlz/; born August 8, 1945) is an American businessman and political figure from North Carolina. He served from 2005 to 2010 as the President of the University of North Carolina system. In 1997–98 he served as White House Chief of Staff and he also ran unsuccessfully for a North Carolina United States Senate seat in 2002 and 2004.

Bowles was appointed in 2010 to co-chair President Barack Obama's National Commission on Fiscal Responsibility and Reform with Alan K. Simpson.

Early life and education

Bowles was born and raised in Greensboro, North Carolina and is the son of Jessamine Woodward Boyce Bowles and the late Hargrove "Skipper" Bowles, Jr., a Democratic politician who once ran for Governor of North Carolina, in 1972, but lost. Siblings include Hargrove Bowles III, Mary Holland Bowles Blanton and the late Martha Thomas Bowles. Bowles graduated from Virginia Episcopal School before attending college. Bowles matriculated at the University of North Carolina at Chapel Hill, where he was admitted to the Zeta Psi fraternity and graduated with a business degree. After briefly serving in the United States Coast Guard, Bowles then enrolled in Columbia Business School, where he earned an MBA.

Following graduation, Bowles worked for the financial firm Morgan Stanley in New York City. There, he met his wife, Crandall Close; the two married in 1971 and moved to North Carolina, where Bowles worked on his father's 1972 gubernatorial campaign. Crandall and Erskine have three children: Sam, Annie, and Bill. In 1975, Bowles helped launch the investment firm of Bowles Hollowell Conner, and remained in the corporate sector until the 1990s.

Bowles was appointed in 2010 to co-chair President Barack Obama's National Commission on Fiscal Responsibility and Reform with Alan K. Simpson.

The Clinton years

In 1992, he became more involved in politics as a fundraiser for Bill Clinton's 1992 presidential campaign. President Clinton appointed Bowles to head the Small Business Administration in 1993. From October 1994 to December 1995, Bowles served as Clinton's White House Deputy Chief of Staff, in the first-term of the Clinton Administration.

After briefly returning to Charlotte, North Carolina, where he helped found the investment bank Carousel Capital, Bowles was appointed Clinton's Chief of Staff in December 1996. One of Bowles's major responsibilities was dealing with federal budget negotiations between the White House and Congress. Bowles returned to Charlotte, North Carolina and to the field of finance again in October 1998. He was also asked by North Carolina Gov. Jim Hunt to head a task force on rural economic prosperity.

President Clinton and Bowles (wearing overcoat on the left)

Senatorial races

Although initially reluctant to seek political office, Bowles reconsidered a run for the United States Senate after the September 11, 2001 attacks and, in October 2001, declared his candidacy for the Senate as a Democratic candidate. Seeking to fill the seat being vacated by Jesse Helms, Bowles secured the party's nomination, but was defeated in the 2002 general election by Republican contender Elizabeth Dole.

In 2004, Bowles campaigned again for the Senate, seeking to fill the seat being vacated by fellow Democrat John Edwards. He faced Republican Richard Burr and Libertarian Tom Bailey in a hotly contested race. The final month of the Senate campaign saw both Bowles's and Burr's campaigns turn strongly negative, with Burr's campaign attacking Bowles's associations with the Clinton administration, while Bowles's campaign attacked Burr on his support of trade legislation and special interest donations. Both campaigns spent a great deal of money, making it one of the most expensive statewide races in North Carolina history.

Despite an early lead in the polls after the primaries, as well as fellow Democrat Mike Easley running for a second term as governor at the top of the state party ticket, Bowles was defeated in the 2004 race as well. President Bush's comfortable electoral victory in North Carolina likely helped Burr considerably. During his concession speech in Raleigh at the Democratic headquarters, he thanked his supporters but seemed to indicate that he would not run for office again. Quoting his father, he said there were "many ways to add to the community woodpile" and that political office was only one of them. Accordingly, in 2005 Bowles accepted an appointment as United Nations Deputy Special Envoy for tsunami-affected Countries, once again working for Bill Clinton who was now serving as U.N. Special Envoy.

Since 2005

On October 3, 2005, Bowles was elected by the University of North Carolina's Board of Governors to succeed Molly Corbett Broad as President of the system, even though some suggest that the Board of Governors broke the law in not holding public hearings in the hiring process. One of his most significant appointments thus far has been that of Holden Thorp as the tenth chancellor of the University of North Carolina at Chapel Hill. Bowles also spoke at the campus memorial service in memory of slain student body president Eve Carson.

On February 12, 2010, Bowles announced his retirement from the UNC System. Bowles will be replaced by Thomas W. Ross.

Bowles is also a member of the board of directors of General Motors, Morgan Stanley, and North Carolina Mutual Life Insurance Company and serves on the North Carolina Advisory Board of DonorsChoose.

Bowles was appointed in 2010 to co-chair President Barack Obama's National Commission on Fiscal Responsibility and Reform with Alan K. Simpson.

On September 7, 2011, Facebook announced that it had named Bowles to its board.

After North Carolina Governor Bev Perdue announced that she would not run for a second term in 2012, Bowles was mentioned as a possible candidate, and polling put him almost even with likely Republican nominee Pat McCrory. But on February 2, 2012, Bowles announced that he would not seek the governorship.

Electoral history

• 2004 election for U.S. Senate
  • Richard Burr (R), 52%
  • Erskine Bowles (D), 47%
• 2002 election for U.S. Senate
  • Elizabeth Dole (R), 54%
  • Erskine Bowles (D), 45%

See also

• North Carolina Democratic Party

References

• Clinton, Bill (2005). My Life. Vintage. ISBN 1-4000-3003-X.

External links

• Collected news and commentary at The New York Times
• Appearances on C-SPAN
• Appearances on Charlie Rose
• Issue positions at OnTheIssues.org
• Works by or about Erskine Bowles in libraries (WorldCat catalog)

Political offices
Preceded by Pat Saiki	Administrator of the Small Business Administration 1993–1994	Succeeded by Philip Lader
Preceded by Philip Lader	White House Deputy Chief of Staff 1994–1995 Served alongside: Harold Ickes	Succeeded by Evelyn Lieberman
Preceded by Leon Panetta	White House Chief of Staff 1997–1998	Succeeded by John Podesta
Party political offices
Preceded by Harvey Gantt	Democratic nominee for Senator from North Carolina (Class 2) 2002	Succeeded by Kay Hagan
Preceded by John Edwards	Democratic nominee for Senator from North Carolina (Class 3) 2004	Succeeded by Elaine Marshall
Academic offices
Preceded by Molly Broad	President of the University of North Carolina 2005–2010	Succeeded by Thomas Ross
Government offices
New office	Chairperson of the National Commission on Fiscal Responsibility and Reform 2010–present Served alongside: Alan Simpson	Incumbent