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    Tuesday, November 17, 2009

    Hard To See Quick Economic Recovery: Lincoln CEO

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    By John Spence
    MarketWatch Pulse
       

      BOSTON -- Lincoln National Corp. Chief Executive Dennis Glass on Tuesday said with at least two-thirds of U.S. gross domestic product tied to consumer spending, it is "hard to see a quick, robust recovery" in the economy after the credit crisis. "It just seems hard from my perspective with 10% unemployment," Glass said at a conference for investors and bankers. Although there are some reasons for optimism, the Lincoln CEO said the company is planning around slow growth for at least the next six quarters, and will hold a larger capital cushion in case "we flow backwards in the economy and the stock market."

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