3M CEO blasts Obama as anti-business - FT

NEW YORK Mon Feb 28, 2011 7:26am IST

Major U.S. manufacturer 3M Co Chief Executive Officer George Buckley attends a news conference in Tokyo August 23, 2010. REUTERS/Yuriko Nakao/Files

Major U.S. manufacturer 3M Co Chief Executive Officer George Buckley attends a news conference in Tokyo August 23, 2010.

Credit: Reuters/Yuriko Nakao/Files

Related Topics

Stocks

   

NEW YORK (Reuters) - The chief executive of diversified manufacturer 3M Co called U.S. President Barack Obama anti-business in an interview with the Financial Times, arguing that manufacturers could move to Canada or Mexico as a result.

"We know what his instincts are -- they are Robin Hood-esque," 3M CEO George Buckley told the paper. "He is anti-business."

Obama is working to shed the reputation that he is against the business community. Earlier this month, he assembled a group of top U.S. executives, chaired by General Electric Co (GE.N) Chief Executive Jeffrey Immelt, to advise him on economic matters.

He also brought on JPMorgan Chase executive William Daley as his chief of staff and made a high profile speech to the Chamber of Commerce, a business lobby, earlier this year.

But Buckley said he was not yet convinced by Obama's actions.

"Politicians forget that business has choice. We're not indentured servants and we will do business where it's good and friendly. If it's hostile, incrementally, things will slip away. We've got a real choice between manufacturing in Canada and Mexico -- which tend to be pro-business -- or America," he told the Financial Times.

A 3M spokesman could not immediately be reached for comment.

(Reporting by Michael Erman; Editing by Bernard Orr)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Drug Pricing

REUTERS SHOWCASE

 G20 Meet

G20 Meet

As G20 chases growth goal, members differ on how to get there   Full Article 

Modi Speaks

Modi Speaks

PM Modi says al Qaeda will fail in India - CNN.  Full Article 

Alibaba Listing

Alibaba Listing

Alibaba surges on massive demand in trading debut  Full Article 

Importing Rice

Importing Rice

Top rice exporter India importing over 100,000 T on temporary supply squeeze.  Full Article 

GSK Fined

GSK Fined

China hands drugmaker GSK record $489 mln fine, sentences executives.  Full Article 

HMT in Demand

HMT in Demand

Fans rush to HMT as watchmaker marks time.  Full Article 

Apple Not Cool?

Apple Not Cool?

Some consumers say Apple is losing its "cool" factor  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage