CEO Roundup: What Executives Are Saying
Here's a look at what some CEOs are talking about on CNBC today:
Boone Pickens, BP Capital CEO
“You remember what I said the last time – I said the fourth quarter is going to be very, very interesting. I think you will see within a year … $100 oil.”
Richard Berg, Performance Trust Capital Parters CEO
“J.P. Morgan surprised us because my expectation last night was every financial company is going to write down as much as they can to make next year's earnings look easier or better. They have a license now to write them down. “I was surprised J.P. Morgan came in with such good numbers."
W.L. Ross, Chairman and CEO
"It's a unique situation in that usually when a bank gets into trouble the reason is its assets are bad. That's not the case with Northern Rock. Their non-performing mortgage loans are under one-half of 1 percent -- it's not related to the asset side, their problem is that instead of building a lot of branches and attracting retail deposits, they became very, very dependent upon securitizations.”
William Watkins, Seagate Technology, president and CEO
"We're seeing a very strong Christmas. It seems like people are buying storage, they're buying computers, they're buying notebooks, they're buying DVRs; they're getting on the Internet and moving content. A lot of people are putting content on the Internet, they're distributing that content and that's all driving a tremendous amount of high-capacity storage."