Thursday, August 16, 2012
Cisco CEO Believes That The UK Provides A Model For Growth
This video of John Chambers' interview on MSNBC is interesting. Chambers reflects the views of many CEO's. They want a pro-business administration in the White House, and many believe that Mitt Romney is the better choice. Chambers offered the conservative government in the UK as an example of the kind of leader that the US needs. He suggested that Cameron's government has increased business confidence, and it encouraged growth. He probably used the UK as a model because it does not tax corporate earnings outside of the UK. The US does tax foreign earnings if they are repatriated to the US. He could have used a better example, however, of a model for growth. The UK is experiencing a double dip recession.