dr. elizabeth randall one of my best friends in the obama administration. deputy secretary of energy. prior to that she was special assistant to the president and white house coordinators for defense policy. dr. sherwooddall is a rhodes scholar. her principle claim to fame in this audience is that she was secretary -- college roommate. we run out of time we will ask liz a few questions about that experience. so having said all that let me turn it over to the panelists for a few remarks. >> thank you mr. secretary and thank you friends. let me first go up 100000 feet to talk about this issue of cybersecurity and consumer protection. one of the very important points that i make at our company american express is that trust is really what holds us together and that is what holds our society together. what we are really talking about when they talk about cybersecurity and consumer protection is really trust. that is the bone for all of us. i think what is very important about the tension that is playing out now and it's something that i emphasize in our company is we like -- have to be focused on what i call constancy of values. what are the values of this country? were accompanied those values are trust,

dr. sherwood randall. >> good morning. and thank you, jeh, for your leadership on these critical issues. jeh and i met the day after the election in 2008 when we joined the obama transition team in washington. and, indeed, i came to that team from stanford where i spent 12 wonderful years based at the center for international security and cooperation. and i'm thrilled to be back on the farm today with all of you. [ applause ] >> so many friends in the audience. i'm just delighted to be here. what has kept me away from this magnificent place that i love so much has been the opportunity to work on some of our most difficult national security challenges, including modernizing and securing our electric sector which powers our nation. as you know innovation that was born here in silicon valley has enabled our grid to do more today than ever before through interconnected information technologies and industrial control systems. and while this has empowered us to do so much, this convergence of wireless communications and digital