Shaping the Future - Milken Institute

panelists
Jeb Spaulding is State Treasurer of Vermont. As chair of the Capital Debt Affordability Committee, he led the
successful effort that in 2007 allowed the state to regain a triple-A bond rating for the first time since the 1970s. Vermont
now has the most favorable credit ratings of all New England states. He also counts among his accomplishments the
passage of policies promoting corporate responsibility, such as an active proxy voting system and restrictions on
investments in companies and governments linked to terrorism or genocide. Spaulding served eight terms in the
Vermont Senate from 1985 to 2000. He was a founder and general manager of WNCS-FM in Montpelier and a partner in
Precision Media Inc. Spaulding has a master’s degree in education.
Margaret Spellings is the President and CEO of Margaret Spellings and Company, and a leading national expert
in public policy. She is the previous U.S. Secretary of Education, having served in the Bush administration. Spellings is
also a senior advisor to the U.S. Chamber of Commerce, executive vice president of the National Chamber Foundation
and a senior advisor to the Boston Consulting Group (BCG). She also served as White House domestic policy advisor
from 2001 to 2005. She serves on the boards of the America’s Promise Alliance, the Broad Center for the Management of
School Systems, the National Alliance for Public Charter Schools and the Special Olympics. She is also a member of the
Goldman Sachs 10,000 Small Businesses Advisory Council.
Scott Sperling is Co-President of THL Partners as well as trustee and general partner of various THL equity funds.
He is currently a director of Clear Channel Communications, Thermo Fisher Corp., Univision Communications Inc.,
Warner Music Group and several private companies. Prior to joining THL, Sperling spent more than a decade as
managing partner of The Aeneas Group Inc., the private capital affiliate of Harvard Management Company. Prior to
that, he was a senior consultant with the Boston Consulting Group. Sperling is also a board member of the Brigham
& Women’s / Faulkner Hospital Group, chairman of the Citi Performing Arts Center and a member of Harvard Business
School’s Rock Center Board and the Harvard Business School Dean’s Advisory Board. He holds a bachelor’s degree from
Purdue University and an M.B.A. from Harvard Business School.
Lorraine Spurge is Managing Director and Head of Business Development for the Diversified Fixed Income
Group and Corporate Credit Group at Guggenheim. She joined Guggenheim in 2008, focusing on strategic business
development, marketing and client services. Prior to Guggenheim, Spurge was a founder and CEO of Maple Stone
Capital Advisors, where her responsibilities included more fully developing an institutional presence. As a member of
the Investment Committee, she reviewed and evaluated securities prior to their inclusion in the portfolio. From 2001
to 2006, Spurge was a partner and managing director at Metropolitan West Financial and MW Post Advisory Group,
where she helped to expand a $400 million asset manager into an institutional high yield and distressed firm with more
than $8 billion of assets under management. Previously, she managed the capital markets group for Drexel Burnham
Lambert, raising more than $200 billion for large and small corporations.
Komal Sri-Kumar, a Senior Fellow of the Milken Institute, is Group Managing Director and Chief Global Strategist
of The TCW Group Inc. He has been with the investment management firm since its founding in 1991 and has chaired
the firm’s Comprehensive Asset Allocation Committee since 1997. The firm manages specific client mandates of about
$1.5 billion across global asset classes, including U.S. and foreign equities and fixed income, private equity, energy
and real estate. Prior to joining TCW, Sri-Kumar was senior vice president at Drexel Burnham Lambert and executive
vice president of DBL Americas, responsible for country risk analysis. Previously, he was president of the Country Risk
Consulting Service, which he founded to advise Big Eight accounting firms and investment and commercial banks on
Latin American debt service capacity. Sri-Kumar holds a master’s degree from the Delhi School of Economics and a
master’s and Ph.D. in economics from Columbia University.
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