[Congressional Record Volume 152, Number 17 (Monday, February 13, 2006)]
[Senate]
[Pages S1131-S1132]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

      By Mr. COCHRAN (for himself, Mr. Frist, and Mr. Leahy):
  S.J. Res. 30. A joint resolution providing for the appointment of 
Phillip Frost as a citizen regent of the Board of Regents of the 
Smithsonian Institution; to the Committee on Rules and Administration.
  Mr. COCHRAN. Mr. President, I am pleased to introduce two joint 
resolutions appointing two individuals to the Smithsonian Board of 
Regents. The joint resolutions are cosponsored by Senators Frist and 
Leahy. Alan Spoon and Phillip Frost have been approved and recommended 
for appointment by the Smithsonian Board of Regents. I ask unanimous 
consent that the text of the resolutions and the biographies of both 
gentlemen be printed in the Record. I ask the Senate to approve the 
resolutions.
  There being no objection, the material was ordered to be printed in 
the Record, as follows:

       Alan G. Spoon, Appointed 2000, Executive Committee, Chair, 
     Finance and Investment Committee.
       Alan G. Spoon, of Massachusetts, is Managing Partner of 
     Polaris Venture Partners, which invests in Internet-related 
     businesses, networking, biotechnology, and medical 
     technology. He was previously President of the Washington 
     Post Company, having served 18 years in various leadership 
     roles. He maintains leadership and advisory roles with 
     numerous companies and organizations in the technology, 
     communications, and financial industries.
                                  ____


                              S.J. Res. 29

       Resolved by the Senate and House of Representatives of the 
     United States of America in Congress assembled, That, in 
     accordance with section 5581 of the Revised Statutes (20 
     U.S.C. 43), the vacancy on the Board of Regents of the 
     Smithsonian Institution, in the class other than Members of 
     Congress, occurring by reason of the expiration of the term 
     of Alan G. Spoon of Massachusetts, is filled by reappointment 
     of the incumbent for a term of 6 years. The reappointment 
     shall take effect on the date of enactment of this joint 
     resolution.
                                  ____

     Phillip Frost
     Chairman of the Board and CEO, Ivax Corporation, Miami Beach, 
         FL
       Nationally recognized for his creative enterprise, business 
     and marketing acumen, and generous support of education and 
     the arts, Phillip Frost has held leadership positions with 
     numerous corporations and organizations. Born in 
     Philadelphia, where his family lived above his father's shoe 
     store, Dr. Frost worked at a brother's hardware store before 
     heading to the University of Pennsylvania. There Dr. Frost 
     majored in French literature and spent one year studying at 
     the University of Paris, a seminal period that led to Dr. 
     Frost's life-long commitment to the arts. He and his wife, 
     Patricia, who is chair of the Smithsonian National Board, are 
     renowned collectors who gave their 113-piece collection of 
     American abstract art to the Smithsonian in 1986; they also 
     have stated their interest in exploring the possibility of 
     providing significant support for a major exhibition on 
     medical history at the National Museum of American History.
       After receiving his B.A. from the University of 
     Pennsylvania in 1957 and his M.D. from the Albert Einstein 
     College of Medicine in New York in 1961, Dr. Frost completed 
     his internship at New York's Montefiore Hospital and his 
     residency in dermatology at the

[[Page S1132]]

     Hospital of the University of Pennsylvania. He then served as 
     a lieutenant commander in the U.S. Public Health Service at 
     the National Cancer Institute and completed a one-year senior 
     residency at Jackson Memorial Hospital in Miami. He joined 
     the faculty of the University of Miami School of Medicine in 
     1966 and then moved to Mount Sinai Medical Center of Greater 
     Miami, chairing its Department of Dermatology from 1972 to 
     1990.
       While at Mt. Sinai, Dr. Frost sold a disposable instrument 
     for skin biopsies to Miles Laboratory. He and his partner in 
     that venture then purchased Key Pharmaceuticals, which was 
     later sold to Schering-Plough for $600 million. Eager to 
     explore the then-unglamorous world of generic drugs, Dr. 
     Frost next founded IVAX Corporation, which became recognized 
     for its consumer-directed research, development, manufacture, 
     and marketing of pharmaceutical products worldwide. Since 
     1987, Dr. Frost has served as chairman of the board of 
     directors and chief executive officer of IVAX; he also was 
     president from 1991 to 1995. IVAX was recently acquired by 
     TEVA Pharmaceutical Industries Ltd. and, according to 
     published reports, Dr. Frost will receive more than $1 
     billion of TEVA stock as a result of its sale.
       Dr. Frost is a director of Northrop Grumman Corporation, 
     Continucare Corporation, Cellular Technical Services Co., 
     Inc., and Ladenburg Thalmann Financial Services Inc. He also 
     is co-vice chairman of the American Stock Exchange's board of 
     governors and a trustee of Scripps Research Institute and 
     previously served as chairman of the board of directors of 
     Key Pharmaceuticals, Inc., chairman of Whitman Education 
     Group, Inc., and vice chairman of the board of directors of 
     American Vaccine, Inc. In addition, Dr. Frost possesses 
     significant fiscal experience with matters of government 
     oversight.
       Residents of Florida for over 40 years, Dr. and Mrs. Frost 
     also have been ardent supporters of local community efforts. 
     In addition to their commitment to the visual arts, the 
     Frosts made a $33 million gift to the University of Miami for 
     its school of music (now called the Phillip and Patricia 
     Frost School of Music), one of the largest individual gifts 
     the university ever has received. Dr. Frost serves as 
     campaign co-chair of the fund-raising initiative ``Momentum: 
     The Campaign for the University of Miami,'' having previously 
     served as chairman of its board of trustees, and co-chaired 
     the successful launch of the Miami Art Museum's fund-raising 
     campaign ``Art for All People.'' He is a former member of the 
     Florida International University (FIU) Foundation board and 
     the FIU board of trustees. The Patricia & Phillip Frost Art 
     Museum at FIU is so-named as a tribute to their longstanding 
     support; likewise, the university presented Dr. Frost with an 
     honorary degree in 1993 for his many contributions in 
     medicine, business, and community service. He also was named 
     the 2001 National Ernst & Young Entrepreneur of the Year.
       Since 1987, Phillip Frost has served as chairman of the 
     board of directors and chief executive officer of Ivax 
     Corporation, which was recently acquired by TEVA 
     Pharmaceutical Industries Ltd.; he also was president of IVAX 
     from 1991 to 1995. In addition, he was chairman of the 
     Department of Dermatology at Mt. Sinai Medical Center of 
     Greater Miami from 1972 to 1990.
       Nationally recognized for his business acumen and creative 
     enterprise, Dr. Frost has held leadership positions with 
     numerous corporations and organizations. In addition to his 
     management of the IVAX board of directors, he is chairman of 
     the board of its subsidiary, IVAX Diagnostics, and director 
     of Northrop Grumman Corporation, Continucare Corporation, 
     Cellular Technical Services Co., Inc., and Ladenburg Thalmann 
     Financial Services Inc. Dr. Frost also is co-vice chairman of 
     the American Stock Exchange's board of governors, chairman of 
     the board of trustees of the University of Miami, and a 
     trustee of Scripps Research Institute. He previously served 
     as chairman of the board of directors of Key Pharmaceuticals, 
     Inc., chairman of Whitman Education Group, Inc., and vice 
     chairman of the board of directors of American Vaccine, Inc.
       Dr. Frost and his wife, Patricia, are ardent supporters of 
     the arts. Sophisticated collectors of American abstract art, 
     they gave their 113-piece collection to the Smithsonian 
     American Art Museum in 1986. The Frost's $33 million gift to 
     the University of Miami for its school of music (now called 
     the Phillip and Patricia Frost School of Music) was one of 
     the largest individual gifts the university has ever 
     received, and the largest ever made to a university school of 
     music in the United States. Dr. Frost also serves as chair of 
     the fundraising initiative ``Momentum: The Campaign for the 
     University of Miami'' and has served as chair of the Miami 
     Art Museum's fundraising campaign ``Art for All People.'' 
     Additionally, he is a former member of the Florida 
     International University (FIU) Foundation board and the FIU 
     board of trustees. FIU's Patricia & Phillip Frost Art Museum 
     is so-named as a tribute to their longstanding support; 
     likewise, the university presented Dr. Frost with an honorary 
     degree in 1993 for his many contributions in medicine, 
     business, and community service. He also was named the 2001 
     National Ernst & Young Entrepreneur of the Year.
       A native of Philadelphia, Dr. Frost attended the University 
     of Paris from 1955 to 1956. He received his B.A. from the 
     University of Pennsylvania in 1957 and his M.D. from the 
     Albert Einstein College of Medicine in New York in 1961, 
     after which he completed his internship at New York's 
     Montefiore Hospital and his residency in dermatology at the 
     Hospital of the University of Pennsylvania. Following service 
     as a lieutenant commander in the U.S. Public Health Service 
     at the National Cancer Institute, Dr. Frost completed a one-
     year senior residency at Jackson Memorial Hospital in Miami. 
     He joined the faculty of the University of Miami School of 
     Medicine in 1966 prior his tenure at Mount Sinai Medical 
     Center.
                                  ____


                              S.J. Res. 30

       Resolved by the Senate and House of Representatives of the 
     United States of America in Congress assembled, That, in 
     accordance with section 5581 of the Revised Statutes (20 
     U.S.C. 43), the vacancy on the Board of Regents of the 
     Smithsonian Institution, in the class other than Members of 
     Congress, resulting from the retirement of Manuel L. Ibanez, 
     is filled by the appointment of Phillip Frost of Miami Beach, 
     Florida. The appointment is for a term of 6 years, beginning 
     upon the date of enactment of this joint resolution.

                          ____________________