3M’s CEO says Obama is driving firms away

01 Mar 2011 04:54 #1 by outdoor338
3M Co. CEO George Buckley said in an interview with the Financial Times that President Obama's "anti-business" attitudes could have manufacturers shifting production out of the U.S. to Canada or Mexico.

"We know what his instincts are -- they are Robin Hood-esque," he told the newspaper.

Buckley said companies could shift operations out of the U.S. as a result.

About two-thirds of the Maplewood giant's $26.7 billion in sales last year came from outside the U.S. In its most recent annual report, the company said it has 76 manufacturing operations in 28 states and about 115 in 38 foreign countries.

http://www.startribune.com/business/117117608.html

Please Log in or Create an account to join the conversation.

Time to create page: 0.132 seconds
Powered by Kunena Forum
sponsors
© My Mountain Town (new)
Google+