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Home » News » Politics

Thursday, November 12, 2009

Silicon Valley produces laptops and politicians

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  • ASSOCIATED PRESS FILE In this May 21, 1999 file photo, eBay chief executive officer Meg Whitman, left, and Pierre Omidyar, eBay's chairman of the board, leaf through a magazine at the company's headquarters in San Jose, Calif. Omidyar, eBay's founder and chairman, and his wife, Pam, have donated $50 million to the Hawaii Community Foundation. The Omidyars and their three children moved to Hawaii in 2006. He attended eighth and ninth grades at Punahou School, where President Barack Obama graduated from. Pam Omidyar grew up in Hawaii Kai.
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Former Hewlett-Packard chief executive Carly Fiorina touts her record at the firm saying she led it through the "worst technology recession in 25 years." She is campaigning for a U.S. Senate seat in California.

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By Joseph Curl

Silicon Valley, California's high-tech mecca best known for giving the world laptops and iPhones, is emerging as a breeding ground for a lower-tech product: the political candidate.

Although the valley has long been a cash cow for candidates - especially Democrats - the state's dire economy has opened the door for business executives and entrepreneurs, with their savvy financial skills, to try their hand at politics. With the economy sure to be a pivotal issue in 2010, five prominent alumni from Silicon Valley have jumped into statewide races for next year.

Carly Fiorina, who spent five years as chief executive at Hewlett-Packard Co., is running against state Assemblyman Chuck DeVore for the GOP nomination as both vie for the U.S. Senate seat now held by Democrat Barbara Boxer.

Three hopefuls with deep roots in the valley are squaring off in the Republican primary for governor - Meg Whitman, former CEO of eBay; Steve Poizner, an early entrepreneur of Global Positioning System devices and now the state insurance commissioner; and Tom Campbell, a dean at UC Berkeley's business school and a former congressman who represented Silicon Valley.

A fifth valley alum, former Facebook executive Chris Kelly, is running as a Democrat for attorney general.

"In Silicon Valley, it's always about finding a new way to do something, inventing something that hasn't been invented," said Larry Gerston, a political science professor at San Jose State University in the heart of Silicon Valley.

"It's approaching a problem in a way others haven't considered. And it's being unafraid to take a risk. That kind of appeal really stands out at a time when the state seems to be drowning under its own weight."

California's financial house is in shambles: Since February, Gov. Arnold Schwarzenegger and state lawmakers have cut $33 billion from spending and raised taxes by $12 billion. Even with those actions, the state faces a combined $38 billion deficit over the next three fiscal years, and the unemployment rate in what would be the world's seventh largest economy if it were an independent nation is now at 12.2 percent - the highest since the Great Depression.

Mr. Poizner, who made his fortune as founder of SnapTrack Inc., which developed technology that allowed GPS units to help emergency-services workers pinpoint the locations of cell phones, said the time is ripe for an entrepreneur to take the reins of a dysfunctional government.

"What I bring to this, and what Silicon Valley culture brings to some of the problems facing the state of California, is this entrepreneurship and this ability to be innovative and to apply these entrepreneurial skills to solving problems," Mr. Poizner told The Washington Times.

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