Entries in CEOs (4)


President Obama to CEOs: ‘We’ve Been a Bit Lazy’

Saul Loeb/AFP/Getty Images(HONOLULU) -- For the second time in many months, President Obama has taken the nation that elected him president to task for its own lackadaisical economic performance on the global stage.

Obama told a group of CEOs Saturday that the United States has gotten “lazy” and that America has lost its hunger in promoting itself in a global marketplace.

“We’ve been a little bit lazy over the last couple of decades.  We’ve kind of taken for granted—‘Well, people would want to come here —and we aren’t out there hungry, selling America and trying to attract new businesses into America,” he told the CEOs gathered on the sidelines of the annual Asia Pacific Economic Cooperation (APEC) meetings, which the U.S. is hosting this year in Hawaii.

“I think it’s important to remember that the United States is still the largest recipient of foreign investment in the world and there are a lot of things that make foreign investors see the U.S. as a great opportunity—our stability, our openness, our innovative free market culture,” he said.

Last September, in an interview with an Orlando, Fla., TV station, Obama made similar remarks, saying, “This a great, great country that had gotten a little soft and we didn’t have that same competitive edge that we needed over the last couple of decades. … We need to get back on track.”

To get back on track, Obama is using the APEC meetings and meetings with members of the new Trans-Pacific Partnership to try to stimulate the U.S. economy and create jobs. Members of the TPP will include nations from Australia and New Zealand to Chile and Peru. And, for the first time, Japan has also agreed to participate in the planning of the new partnership.

“There are still plenty of details to work out, but we are confident that we can do so,” Obama said. “It is an ambitious goal, but we are optimistic that we can get it done.”

Copyright 2011 ABC News Radio


Obama to Meet with CEOs to Discuss Economy

The White House/Pete Souza(WASHINGTON) -- After taking his jobs push on the road Thursday, the president will spend Friday at the White House focusing on the struggling economy and football.

Friday afternoon, President Obama will meet with business leaders and CEOs at the White House to talk about the nation's economy.  It is not yet known who will be attending the meeting, which is closed to the press.

Later in the day, the president will welcome the Green Bay Packers to the White House to honor their Super Bowl victory.  Obama will also continue his tradition of recognizing the team’s work off the field and their contributions to the community.

Copyright 2011 ABC News Radio


Obama Asks CEOs to Invest in Education

Comstock/Thinkstock(WASHINGTON) -- President Obama welcomed business leaders to the White House Monday to ask for their help, and money, to improve the nation’s education system.
“A world-class education is the single most important factor in determining not just whether our kids can compete for the best jobs but whether America can outcompete countries around the world. America's business leaders understand that when it comes to education, we need to up our game. That's why we're working together to put an outstanding education within reach for every child,” Obama said in a written statement.
Several companies came to Monday’s meeting with their checkbooks open. Bank of America announced a $50 million pledge to help the unemployed, returning veterans and people with disabilities connect with training programs and community colleges, and Microsoft pledged $15 million to invest in research and development for learning technologies.
Former Secretary of State Colin Powell and his wife Alma Powell, who co-founded America’s Promise Alliance, also attended Monday’s meeting and announced that their organization will raise $50 million to prepare young people to go to college and be career-ready.
“Our children are the future,” Alma Powell told reporters after the meeting. “If they are not prepared for the future, there is no future for this country.”
Beyond the programs and the funding, “what we need is retail level connection between every aspect of the business community and the kids who are in those communities that are in need,” Colin Powell added. “We want your personal involvement, we want your human involvement.”
Here is the full list of CEOs at today’s meeting:
• Marguerite Kondracke, President & CEO, America’s Promise
• Alma Powell, Chairwoman, America’s Promise
• General Colin Powell, Founding Chairman, America’s Promise
• Craig Barrett, Former President & CEO, Intel
• Glenn Britt, CEO, Time Warner Cable
• Steve Case, Former Chairman & CEO, America Online
• Brian Gallagher, President & CEO, United Way Worldwide
• William Green, President & CEO, Accenture
• Fred Humphries, Senior Vice President, Microsoft
• Rhonda Mimms, Foundation President, ING
• Kathleen Murphy, President, Fidelity Personal Investments
• Ed Rust, CEO, State Farm
• Randall Stephenson, Chairman & CEO, AT&T
• Bill Swanson, Chairman & CEO, Raytheon
• Laysha Ward, Foundation President, Target Corporation
• David Zaslav, President & CEO, Discovery Communications
• Former Governor Bob Wise, President, Alliance for Excellent Education
• Anne Finucane, Chair of the Bank of America Charitable Foundation, Bank of America

Copyright 2011 ABC News Radio


President Obama Meets with Top Business Leaders Over Economy

Photo Courtesy - Saul Loeb/AFP/Getty Images(WASHINGTON) -- President Obama will meet with over a dozen CEOs Wednesday morning in an effort to discuss ways to "work together to grow the economy, create jobs in the private sector and invest in American innovation and competitiveness."

White House Press Secretary Robert Gibbs said this is just one of many “fairly regular intervals” the president has met with CEOS over lunch to discuss a “whole range of ideas that are out there in terms of continuing our fragile recovery."

The goal, the White House said, is to drill down on the best way to move forward on accelerating job creation and making America more competitive in the 21st century.

Areas of discussions likely will include export promotion, ensuring the next generation has the skills to compete in a global market, investing in innovative areas with opportunity for growth including clean energy and technology, taking a serious approach to our medium and long-term federal deficits, tax reform and a balanced approach to regulation.

The CEOs of American Expres, General Electric, UPS, PespsiCo, Intel, Comcast and Google are among some of the business leaders expected to attend the meeting.

Copyright 2010 ABC News Radio

ABC News Radio