Jim Tisch , chief executive officer of Loews Corp ., whose operations include offshore drilling, hotels and insurance, said economic growth will remain sluggish in part because executives lack confidence in the Obama administration’s policies.
President Barack Obama had just won re-election and his top advisers were in Chicago for the victory party. As they savored the moment, hugging one another and drinking champagne, Chief of Staff Jack Lew killed the buzz.
CNA Financial Corp. , the insurer that hasn’t paid a common stock dividend since 2008, must manage capital carefully so it can expand when markets improve, said the chief executive officer of the company’s parent, Loews Corp.
The U.S. employment rate is currently at 8.6%, but where will it be at this time next year? PIMCO global equities director Neel Kashkari, RDQ Economics chief economist John Ryding, Loews CEO Jim Tisch and more share their insight. (Source: Bloomberg)