Politics

What's in Store for 'America's CTO?'

Stock quotes in this article:CSCO, SYMC, IBM 

Barack Obama may be a big step closer to filling his cabinet after the nomination of Republican Sen. Judd Gregg as Commerce Secretary on Tuesday, but there is still no sign of the new president's much talked-about chief technology officer.

Despite plenty of rumors about the possible candidates, it is unclear who will fill the role of government CTO, a newly created Cabinet-level position pushing the president's bold information technology plan.

After a whole host of Silicon Valley celebrities and Washington insiders were touted for the role, recent news reports suggest that the field has narrowed to two candidates; Cisco Systems (CSCO ) CTO Padmasree Warrior and Vivek Kundra, the CTO of Washington, D.C.

Somewhat surprisingly, Symantec (SYMC) CEO John Thompson's name has not been linked to the CTO's role despite the executive's close links to Obama and Washington.

Thompson, who will retire in April, has repeatedly stated that he has no political ambitions but was hotly tipped for the role of Commerce Secretary. Jefferies & Company analyst Katherine Egbert even cheekily wished the 59-year old "good luck in Washington" at the end of Symantec's recent third-quarter conference call, prompting laughter from the other executives on the call.

During his time as CEO, Thompson, a former IBM (IBM) veteran, oversaw Symantec's growth from a small consumer-oriented company to one of the world's largest security and storage software firms.

Thompson already has strong links with Washington, and his talents were even recognized by the previous Republican administration. In 2002, for example, President George Bush appointed him to the National Infrastructure Advisory Committee (NIAC) to make recommendations regarding the security of critical U.S. infrastructure. The executive has also served as chairman of the Silicon Valley Blue Ribbon Task Force on Aviation Security and Technology.

To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
Dow Jones S&P 500 NASDAQ 10-Year Note
12,393.45 1,310.33 2,827.34 15.81
Oil *
101.78
DOWN
26.41
DOWN
2.99
DOWN
10.02
DOWN
0.44
10 Yr
1.58%
SPDR Gold
151.62
-0.21%
-0.23%
-0.35%
-2.71%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet