President Obama told chief executives yesterday that avertingthe fiscal cliff was job No. 1, the New York Timesreports. The president signaled his support for business tothe dozen leaders who attended yesterday's 90-minute meeting at theWhite House, but he shied away from specifics on how acompromise can be reached. Some business leaders had the impressionthat more detailed proposals would be forthcoming.

“I'd say everybody came away feeling pretty good about the wholediscussion,” said David M. Cote, chief executive of Honeywell,according to the Times. “Now, all of us are C.E.O.'s, sowe've learned not to confuse words with results. And that's what westill need to see.”

See full story here.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.