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

REUTERS SHOWCASE

Press Event

Press Event

Modi takes tea, but no questions, in first press event as PM.  Full Article 

School Shooting

School Shooting

Two killed, four wounded in Washington state school shooting.  Full Article 

Sundar Pichai Elevated

Sundar Pichai Elevated

Google's Pichai to oversee major products and services.  Full Article 

Need For Reforms

Need For Reforms

Euro zone risks "relapse into recession" without structural reforms - Draghi.  Full Article 

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Health Of Lenders

Health Of Lenders

25 European banks set to fail health checks - sources.  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

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