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IBM Professor of Business and Government
Harvard University


Mr. Porter is the IBM Professor of Business and Government at Harvard University. He has served on the faculty at Harvard University since 1977. He also held senior economic policy positions in the Ford, Reagan and George H. W. Bush White Houses, serving as special assistant to the President and executive secretary of the Economic Policy Board from 1974 to 1977, as deputy assistant to the President and director of the White House Office of Policy Development from 1981 to 1985, and as assistant to the President for economic and domestic policy from 1989 to 1993. He received a bachelor's degree from Brigham Young University and master's and Ph.D. degrees from Harvard University. He was also a Rhodes Scholar at Oxford University where he received his bachelor of philosophy degree. He is also a director of  Extra Space Storage Inc. and Packaging Corporation of America and he previously served as a director of Zions Bancorporation.  He has been a director of our company since 1998.

Mr. Porter brings a distinctive background to his service on our Board. He is the author of several books on economic policy, including Presidential Decision Making and Efficiency, Equity and Legitimacy: The Multilateral Trading System at the Millennium. His significant policy roles for various White Houses, as well as his scholarly research and teaching as the IBM Professor of Business and Government at Harvard, give him a unique perspective on the impact of general economic, political and market conditions on our business and operations. His background and experience is unlike that of any other Board member, making him a valuable addition to a well-rounded Board. In addition, his service on the board of directors of a variety of major public companies provides him an understanding of the strategic, operational and financial issues faced by large public companies.