Richard Sherman

Term of Appointment
January 17, 2014
Term expires:
March 1, 2025

Committee Membership (2016-2017)


Compliance and Audit (Vice Chair)

Grounds and Buildings (Vice Chair)

Health Services (Vice Chair)

Investments (Chair)

Committee Membership (2017-2018)

Finance and Capital Strategies (Vice Chair)
Governance and Compensation (Chair)
Health Services (Vice Chair)
Investments (Chair

Committee Membership (2015-2016)

Compliance and Audit (Vice Chair)
Grounds and Buildings (Vice Chair)
Health Services (Vice Chair)
Investments (Vice Chair)

Committee Membership (2014-2015)

Compliance and Audit
Grounds and Buildings
Health Services
Investments (Vice Chair)
Long Range Planning
Oversight of the Department of Energy Labs

Richard Sherman is the Chief Executive Officer of The David Geffen Company, an investment management firm. From 1977 until 1992, Mr. Sherman was a partner with Breslauer, Jacobson, Rutman and Sherman, which provided business management services. Mr. Sherman was a staff accountant with Peat, Marwick and Mitchell from 1973 until 1977. Mr. Sherman is a certified public accountant. Mr. Sherman serves on the boards of directors of Aviva Family and Children's Services, the Geffen Playhouse and The David Geffen Foundation. Mr. Sherman also previously served as an adjunct professor of finance with the Graduate School of Architecture and Engineering of the University of Southern California. He has a Master of Business Taxation degree from the University of Southern California.

Mr. Sherman was appointed by Governor Brown in 2014 to a term ending in 2025.

*Mr. Sherman's appointment to the position of UC Regents and prior to the July UC Regents meeting it appeared he still needed to be confirmed by the CA Senate however UC Regents now list him so he may have been confirmed.
Appointed January 17, 2014 (by Brown) to a term expiring March 1, 2025; Chief Executive Officer at the Geffen Company; Master of Business Taxation from the University of Southern California.

*This UC Regent position is now vacant and is to be filled by appointment of the Governor.

LA Times Update September 2013
At the March 2013 UC Regents Meeting Governor Brown said he has been reluctant to appoint new regents because he does not want to ruin the excellent chemistry between the existing regents. He also praised former Gov. Davis and former Gov. Schwarzenegger appointments to the board and said they were better regents than the UC regents Brown had to deal with in his first term as Governor in the 1970s. These statements are quite different from the statements made in the article below.

Please see this article for these comments from Governor Jerry Brown:
"I haven’t appointed anyone to the regents yet. Well, who should I appoint? That’s a good question. What are they going to do?

I’ve appointed some people to the Cal State and I’ve appointed some interesting people on the state board and I’m looking, but what impact does that make? If you want to make change, can the state board make an impact? Can the CalState make an impact? Things are very conservative in how they run.

Before when I used to go to the regents, I’d go armed and I was attacking. But it’s totally marginal. You can’t influence ... So now it takes more time, you’ve got to be more subtle, you need more allies. You need a long-term game plan.

So, I have a longer term game plan than I had 30 years ago, even though I’ve got less time because I’m 74, I’m not 36. I’m thinking through how I can influence or move in a direction that take the more creative and more productive of the those values that I think are important. And those values with the university are truth, beauty …

I also know these boards are not affected by one or two people, so there’s no rush. There are a lot of people I know. Blum I know, the lady who’se the president, she was the president of one of the movie studios. They’ve got people there.

I’ve put in some people on Cal State that I know. I looked for people. I appointed a guy that was in the Jesuits with me. Just like on the OMI board I appointed three people who I went to high school with.

Now, I know I can’t just take my old friends from the '50s and put them in positions. Actually, there’s two people who I knew from the seminary who left and went into the CIA. And I put one of them on OMI and I put one of them on Cal State.

But I’m looking for different … But I know that three appointments can’t make (a difference). It really takes ten. But by the time you get to ten, and you listen to this group and that group, and I gotta take care of that and you have diversity and this influence person – by the time you get your ten people, they’re so different that you have no impact anyway.

So this idea that you can influence by your appointees, you have to take care of all your various constituencies and then you end up replicating what is. And that’s why things don’t change very much.

***Now, I am more strategic now since I understand this better and I’m patiently looking for openings. I know that I don’t just want change for the sake of change because that’s superficial.

If you want to do something that you know is good but is different, the last place you’re going to get it done is UC. The second to last place you’re going to get it done is Cal State. And the place more likely would be the community colleges, because they’re more flexible."

Also, please see this Daily Cal article for more detail

and: this article with background from the LA Times- it includes interesting quotes from Wilson Riles and gives some key info on UC Regent Bateson, an anthropologist (It has been mentioned in interviews that Chancellor Dirks and Gov. Brown have discussed Bateson at length.)

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