Michael Machado

Michael J. Machado (born March 12, 1948 in Stockton, California) is a Democratic politician from Linden, California. He served from 2000 to 2008 in the California State Senate. Machado represented the 5th District,^[1] which includes the cities of Tracy, Manteca and Stockton in San Joaquin County; Suisun City, Fairfield, Dixon and Vacaville in Solano County; Davis, West Sacramento, Winters and Woodland in Yolo County; as well as Walnut Grove and a portion of Elk Grove in Sacramento County.

Background

Machado graduated with a degree in Economics from Stanford University, earned his master's degree in agricultural economics from the University of California, Davis, and in 1988 attended the Harvard Agribusiness School in London. Machado served in the United States Navy during the Vietnam War. Prior to entering the State Legislature, he served on the board of a major California food processor and worked for the Agency for International Development in Eastern Europe and Russia assisting farmers with the transition from a closed to an open market economy.

In addition to his legislative duties, Machado owns and operates a family farm in Linden. He and his wife Diana have three children: Erahm, Melissa and Christopher (deceased).

California State Assembly

Machado represented the California State Assembly's 17th District from 1994 to 2000. He distinguished himself as a pragmatic legislator who supports education reform, "balanced" environmental regulations and tax relief for all Californians. Since his election in 1994, Machado has authored legislation protecting school children from perpetrators by creating safety zones around schools, establishing drug rehabilitation programs in county jails, and providing a moratorium on gun shows illegally selling weapons. During the last legislative session, he was instrumental in crafting legislation designed to stop the unfair practice of “predatory lending.”

California State Senate

Two of the Senator's most notable accomplishments have been authoring Proposition 13, the Safe Drinking Water, Clean Water, Watershed Protection, and Flood Protection Bond Act, and assisting in the passage of Proposition 50, the Water Security, Clean Drinking Water, Coastal and Beach Protection Act of 2002.

Machado currently chairs the Senate Committee on Revenue and Taxation and the Sub-Committee on Delta Resources. He also serves on the Senate Committees on Budget and Fiscal Review, Local Government, Natural Resources and Water, and Transportation and Housing. Additionally, he is a member of the Select Committees on the California Correctional System.

Machado has been supported by Handgun Control, the California League of Conservation Voters, California Nurses’ Association, California Teachers Association, Building and Construction Trades, and many other labor groups. Machado has also received the support of the California Abortion and Reproductive Rights Action League (CARAL) and Planned Parenthood.

PICO Holdings

Machado has served on the board of directors of PICO Holdings, Inc. since 2013. Since that time, the company's stock price has fallen by over 65% from over $25 to under $9 per share.^[2][3] Machado has been harshly criticized by shareholders for approving an executive compensation plan that is widely-perceived as excessive.^[4]

References

1. "Senator Michael J. Machado, Retired". Sacramento Advocates. Retrieved 30 October 2010.
2. "Michael J. Machado: Executive Profile & Biography - Businessweek". Bloomberg. Retrieved 20 May 2016.
3. "The Long Decline - Reform Pico Now". Reform Pico Now. Retrieved 20 May 2016.
4. "John "The Juicer" Hart Compensation Plan Betrays PICO Shareholders – Part I". Reform Pico Now. Retrieved 24 May 2016.

External links

• http://www.ucop.edu/state/advocacy/biographies/SDMachado05.pdf