In an interview with Alexis Glick, American Express Chairman & CEO Ken Chenault says:
"I think this is a basketball game where, very frankly, you are not sure who the coaches are. If there is a clear understanding of what the rules of the game are, you're not clear about what the roles are of the different players. So what's very important, I think, if you are playing in this game, is to figure out what aspects of the game you can best control."
In an exclusive interview with Alexis Glick, Coach CEO Lew Frankfort says:
"China is an amazing market. There is a hundred fifteen cities with populations over one million people compared to just a dozen in the United States and the level of development of the emerging professional class is unprecedented in recent times. The category where we participate, luxury accessories, is growing at 40% a year.”
In a First on FOX Business interview with Alexis Glick, Allstate Chairman & CEO Thomas Wilson says:
“The U.S. consumer is scared. They are not spending money. We did a poll with the National Journal, 80% of people said they are spending less, 70% said they're going to spend less on a major purchase and 60% said they are going to save more.”
In an exclusive interview with Alexis Glick, Wellpoint CEO Angela Braly says:
“One of the concerns we have about the proposed legislation we’ve seen in both the House and the Senate is that it’s not really effectively managing the underlying health care costs. And we believe to have sustainable responsible reform, which we advocate, we need to get to that underlying question of cost. Instead, I think its shifted to more about insurance market reform, which isn’t going to get to the underlying cost question.”
In a First on FOX Business interview with Alexis Glick, Aetna Chairman & CEO Ron Williams says:
“I think what I really worry most about is that we increase the insurance pool and take the very important step which I’ve been an advocate for since 2005, really, making certain we get everyone covered. But if we don’t put in place the steps to really control the rate of increase in health care costs, so that as we cover more and more people those who have insurance end up paying more and more. I think that’s avoidable, and I think as the Senate crafts the final bill, there’s a huge opportunity to get reform right.”
"You know it’s interesting because in the living room and in your whole home, our devices have never really talk to each other. And it's sort of a shame because there's so much they could communicate. For example, your cell phone could take a picture. You can display that on your TV set. Your cell phone could be the remote control for your TV. Moving content from your set top box to your TV, this would just be really nicer than I think than the cheap button boxes we have today, really give people richer experience."
In an exclusive interview with Alexis Glick, Renault-Nissan Chairman & CEO Carlos Ghosn says:
“I think the market in the U.S. has much bigger potential than what we've seen in 2009 or what we'll be seeing in 2010. The fact is going to be hovering around ten million cars is not representative of the potential. We think the market will back up, 12 million, 13 million cars. So you want to be ready and have the capacity ready for that."
In an interview with Alexis Glick, Viacom President & CEO Philippe Dauman says:
“The advertising market is certainly stabilized over the course of the year. We have seen over the last three quarters some improvement. We went from minus 9% in the first quarter, minus six in the second to minus four in the third quarter. Sudden stability, pricing in the scatter market is above the pricing in the upfront market. I think that is true across the board.”
In an interview with Alexis Glick, JC Penney Chairman & CEO Mike Ullman says:
"Overseeing sequential improvement in our business actually from all traffic being down six to 8% in the first quarter of the year to mall traffic being more of 1% or 2% down. I think most discretionary retailers are seeing some stabilization of business."
In an interview with Alexis Glick, Capgemini CEO Paul Hermelin says:
"First, our societies, our economies were kind of addicted to debt. We all know that and removing that addiction is to painful and require some form of lending."
FOX Business Network speaks with some of the biggest names in the corporate world at the Wall Street Journal CEO Council in Washington, D.C.