Wednesday, March 18, 2009

People have been overwhelmed by his victory but businesses are guarded intheir optimism.

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

Will CEOs smile half as much?


His business voice So far, Obama’s egalitarian stance on various issues facing the economy hasn’t exactly kept him in the good books of business. It is well evident from his statement, “We cannot have a thriving Wall Street while Main Street suffers.” His focus seems to be more bottom up; first the people and then the big fish; i.e. businesses. Obviously, that is not what corporate leaders would appreciate. Thomas J. Donohue, President and CEO, US Chamber of Commerce, which represents over 3 million businesses, commented on what he felt should be Obama’s priorities, “Restoring the nation’s economic health must be our top priority. Any successful and sustainable recovery will involve the business sector, which creates the jobs, the growth, and the revenues on which all Americans and our government depend.” His mandate was: Get economy and business on its feet first; and then we can take care of controversial issues.

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Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).


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