3M CEO blasts Obama as anti-business - FT
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)
- Tweet this
- Share this
- Digg this
- U.S. nurse quarantined over Ebola calls treatment "frenzy of disorganization"
- Wall Street finally turning on Amazon as Bezos magic fades
- Google executive sets new stratosphere skydive world record
- Former Cream frontman Jack Bruce dies aged 71
- São Paulo running out of water as rain-making Amazon vanishes
Finance Minister Arun Jaitley favours a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the Reserve Bank of India (RBI) has signalled it will not ease policy until it is confident of lower inflation. Full Article
Euro zone risks "relapse into recession" without structural reforms - Draghi. Full Article
Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw” Full Article