The former CEO of Medtronic, Bill George, told FBN’s Liz Claman he thinks the idea of “taxing innovation” as part of the health-care reform is terrible and pointed to cost as the root problem of our system.
PricewaterhouseCoopers Chairman Dennis Nally told FBN he sees a need for standardized, international regulation of accounting.
Saatchi & Saatchi CEO Kevin Roberts gave his take on the state of the ad market “TV is gonna be the biggest medium for all of us for all our lives forever. We’re living in a family of screens: the TV, the Internet, and the mobile,” he told FBN.
BP Capital Management Chairman T. Boone Pickens shared his thoughts on the oil marking and said "it's crazy" that the U.S. doesn't have a preferred purchase on oil in Iraq over worries of criticism that the war was fought over oil. He also proposed a more democratic method for company board members to be chosen.
During her talk at the conference, Kraft Foods CEO Irene Rosenfeld detailed the company’s recent performance and mentioned its recent bid for Cadbury. She said, “Now is the time to accelerate our transformation… either in combination with Cadbury or on a standalone basis.”
Asked by co-host of "At the Movies" Ben Mankiewicz about the impact of consumers watching movies on DVD and the iPhone, Lucas said, I make movies, I don’t care where they are shown. "I design my films to be shown in one place…it used to be that it was the movie theater…in those days there was no other alternative. […] Now, I make films primarily for DVD."
Among other issues former President Bill Clinton addressed at the conference, he said it was wrong to let Lehman Brothers fail in 2008. “They decided not to facilitate a loan to Lehman Brothers. They thought Lehman Brothers was so much smaller than AIG or Bear Stearns, they could afford to let it fail.”
Each year, business leaders and executives from major companies and institutions gather to debate and discuss financial and economic issues at the World Business Forum, held at Radio City Music Hall in New York City.