Any plan to reduce the U.S. deficit will need cuts to Medicare and Social Security in addition to tax increases, said Honeywell International Inc. Chief Executive Officer David Cote , who served on President Barack Obama ’s debt commission last year.
U.S. business leaders have a message for President Barack Obama and the political leaders in Congress over the stalemate on the budget and debt ceiling: It’s not our job to save Washington from itself.
The fiscal impasse that’s setting the stage for a partial shutdown of the U.S. government may plunge the world’s largest economy into recession, Honeywell International Inc. Chief Executive Officer David Cote said.
Chief executive officers should do five things “to put pressure on Washington” concerning the ballooning national debt, David Cote, chief executive officer of Honeywell International Inc. wrote in the Financial Times.
Beth Comstock, a Nike Inc. director, says she picked up ideas in the shoemaker’s boardroom about doing business in India by appealing to that country’s love of cricket. Now she’s taking what she learned back to her day job as General Electric Co.’s marketing chief.
Sept. 13 (Bloomberg) -- David Cote, chief executive officer of Honeywell International Inc., talks about the global economy, the U.S. deficit and the outlook for Federal Reserve policy Cote speaks at the Bloomberg Markets 50 Summit in New York. (Source: Bloomberg)