Many Americans have lost faith in the financial institutions, feeling let down and even cheated
Bloomfield Hills, MI (PRWEB) February 24, 2009
The recent news that President Obama's economic stimulus package has officially been signed into law leaves one question on nearly everyone's mind - how will the $787 billion be spent? On January 28th, Obama promised to establish a stimulus review board to oversee the bailout money. This board will actually be made up of two different groups. The Recovery Act Transparency and Accountability Board will be made up of Inspectors General from 10 government departments receiving funds. Additionally, an independent advisory panel will involve individuals from the private sector, outside of the government. Obama said the purpose of a panel of outside experts to watch over the stimulus spending is to ensure that it gets input from beyond the nation's capital.
With this taken into consideration, Logicalis is announcing that it is nominating CFO, Greg Baker, for a seat on this advisory panel. Logicalis - a multi-billion dollar IT solutions and strategy company - feels that the combination of Baker's experience and the nature of the services that Logicalis provides makes him an excellent candidate for a seat on the stimulus review board.
"We were encouraged when president Obama announced that he would be including the private sector in this stimulus review board," said Baker. "It is nice to see that he is willing to take a less traditional approach toward solving this financial crisis. Today's economy is driven by innovative and technology forward companies and it is going to take insight from similarly minded individuals to make this work."
Logicalis' role in this technology forward economy has been a simple, albeit important one. The IT solutions and strategy company helps businesses reduce their costs and run more efficiently. This result is achieved through a variety of different services, from IT outsourcing to unified communications. Representatives from Logicalis feel that the waste reducing practices that are at the core of the company would make a perfect fit for a board whose primary goal will be to monitor and evaluate spending.
"Many Americans have lost faith in the financial institutions, feeling let down and even cheated," Baker continued. "Logicalis is not a financial institution. We are in the business of cutting costs and saving money. While some people might expect members of this board to be made up of CEOs from banks and insurance companies, we feel that it makes sense to leverage the input of a company who saved Fortune 500 companies significant costs in 2008 through the efficient and innovative use of IT."
With the lack of accountability demonstrated with the first economic bailout package fresh on people's minds, including someone with Baker's background and experience on this stimulus review board may be just the right move. Learn more at http://www.us.logicalis.com/obama .
About Greg Baker:
Greg Baker is a certified public accountant, earned his MBA from Wayne State University and holds a BA in accounting from Michigan State University. He joined Logicalis in 2006 bringing nearly two decades of financial and executive management experience. As CFO, Mr. Baker oversees finance, accounting, treasury and strategic planning.
Prior to joining Logicalis, Mr. Baker was Vice President and Controller for a major business of Thomson Reuters, the world's leading source of intelligent information for businesses and professionals. He led worldwide finance operations for a business unit with 2,000 staff and customers including Dow Jones, Yahoo and Google. In roles of increasing responsibility, Mr. Baker successfully integrated operations, new business systems and helped complete over a dozen acquisitions.
During the period 1996-2000, Mr. Baker was Director of Finance for a leading Tier 1 automotive supplier. During his tenure, he was responsible for finance, treasury and investor relations as the company doubled in size. He actively engaged in strategic planning and an initial public offering that raised growth capital.
Logicalis is a global provider of high-performance technology solutions. With over 1,500 people worldwide, Logicalis delivers smart solutions based on specific needs, not the latest IT trend. Logicalis provides options, direction and support to more than 6,500 corporate and public sector customers. The company attributes its success to the everyday positive experiences with its customers and strategic partners such as IBM, HP, and Cisco.
Logicalis has annualized revenues in excess of $1 billion, from operations in the UK, US, Germany and Latin America. Logicalis is a division of Datatec Limited (LSE/JSE:DTC), a $4 billion multi-national organization listed on the AIM market of the LSE and the Johannesburg Stock Exchange. With over 30 offices in the United States, the company's U.S. headquarters are in Bloomfield Hills, MI. For more information about the Logicalis experience, visit http://www.us.logicalis.com.