Press Release - March 30, 2010
"Dr Arthur Laffer (The Father of ‘Reaganomics’) Joins Board of Executive Trading Solutions"
Executive Trading Solutions, LLC (ETS) an innovative financial services company providing a new approach to executive trading plans, today announced the appointment of Dr. Arthur B. Laffer, the renowned economist and creator of the widely used Laffer Curve, to its board of directors.
Speaking about his appointment, Dr. Laffer commented, “I am excited to join the Board of ETS. They have a very capable management team and have created a leading edge 10b5-1 solution. I believe ETS has a bright future in an industry that needs its leadership.”
ETS is the creator and exclusive provider of the My10b5-1TM Platform, market changing software that allows web based access by Brokerage Firms, Executives, and Issuing Companies to create, administer, and monitor 10b5-1 trading plans.
On Dr. Laffer’s acceptance of a Board position, Andrew Neal (CEO & President of ETS) said, “The addition of Dr. Laffer will further increase the expertise of our Directors and provide us with the counsel of one of the most respected names in the financial sector. Recognition of our Directors in their fields of expertise is a very positive reinforcement for Brokerage Firms and Issuers alike.”
‘About Executive Trading Solutions’
Begun in 2008, ETS serves current clients on both coasts and is working closely with several of the largest firms in the country. Begun by Andrew Neal CEO, one of the industry’s top experts on 10b5-1 trading plan administration, and Barry Papina CTO, the developer of the Platform, ETS offers the industry the ONLY dedicated, web-based, proprietary solution developed by Experts.
To contact ETS go to My10b51.com or call 1-866-95-my10b51
Dr. Arthur Laffer Bio Follows
Bio: Arthur B. Laffer is the founder and chairman of Laffer Associates, an institutional economic research and consulting firm which focuses on the interconnecting macroeconomic, political and demographic changes affecting global financial markets. The firm provides research and investment management services to a diverse group of clients, which includes institutions, pension funds, corporations, endowments, foundations, individuals and others.
Dr. Laffer’s economic acumen and influence in triggering a world-wide tax-cutting movement in the 1980s have earned him the distinction as “The Father of Supply-Side Economics”, or “Reaganomics.” One of his earliest successes in shaping public policy was his involvement in Proposition 13, the groundbreaking California initiative that drastically cut property taxes in the state in 1978.
Dr. Laffer is best known for the "Laffer Curve" which was made famous while he was a member of President Reagan’s Economic Policy Advisory Board for both of his two terms (1981-1989). He was a member of the Executive Committee of the Reagan/Bush Finance Committee in 1984. He also advised Prime Minister Margaret Thatcher on fiscal policy in the U.K. during the 1980s.
During the years 1972 to 1977, Dr. Laffer was a consultant to Secretary of the Treasury William Simon, Secretary of Defense Don Rumsfeld, and Secretary of the Treasury George Shultz. He was the first to hold the title of Chief Economist at the Office of Management and Budget (OMB) under Mr. Shultz from October 1970 to July 1972.
Dr. Laffer has been widely acknowledged for his economic achievements. He was noted in Time Magazine’s March 29, 1999, cover story “The Century’s Greatest Minds” for inventing the Laffer Curve, which it deemed one of “a few of the advances that powered this extraordinary century”. His creation of the Laffer Curve was deemed a “memorable event” in financial history by the Institutional Investor in its July 1992 Silver Anniversary issue.
Dr. Laffer was a professor of economics at Pepperdine, University of Southern California and University of Chicago.
Dr. Laffer received a B.A. in economics from Yale University in 1963. He received a MBA and a Ph.D. in economics from Stanford University in 1965 and 1972 respectively.