CEOS Sound Off: Recovery, Healthcare & More
As the CEOs of the big three automakers testified before the Senate Banking Committee on Tuesday, CNBC asked CEOs in various industries for their insight.
Office Depot CEO: 'We have to lead with courage'
“Too many people are sitting on the sidelines. Too many people are worried. And we’re sort of talking ourselves into a deeper and deeper recession. We’ve got to come forward with some confidence. And I think the new administration needs to step forward with confidence and reassure the American people and American companies… We have to step forward and lead with courage… People are afraid to take the lead.”
Steve Odland, Office Depotchairman & CEO
Caterpillar on Emerging Markets
"We were very encouraged by the stimulus package that China has announced. I think we'll see a number of other emerging markets alsol introduce those stimulus programs, and hopefully it will keep their economies growing at something on the order of 5 percent collectively next year. That would be positive for the global economy and our business certainly."
Jim Owens, Caterpillar CEO
Nissan CEO on Changing Auto Industry
“At a moment where the industry is facing difficulty to finance itself for the long-term, it’s fair that car manufacturers are asking for long-term financing at reasonable rate in order to make this transformation.”
Carlos Ghosn, Nissan Motor CEO
Dominion Resources on Energy Prices
“Lower energy prices is a very good thing for our customers. It lowers our cost of production, which we pass through to our Virginia customers and North Carolina customers dollar-per-dollar. It helps our unregulated retail businesses that we have in the Atlantic and Northeast because we’re able to offer lower electricity and gas to our retail customers.”
Thomas Farrell, Dominion Resources chairman & CEO