Friday, August 12, 2011

Obama meets with top CEOs at White House

Obama meets with top CEOs at White House -

WASHINGTON, Aug. 12 (UPI) -- President Barack Obama met at the White House Friday with top executives from eight major U.S. companies to talk about the economy and jobs.

The meeting came at the end of a volatile week on world financial markets, stoked largely by concern about a global economic turndown and the prospect of a double-dip U.S. recession, CNNMoney reported.

The executives attending the hourlong meeting with Obama included Johnson & Johnson Chief Executive Officer Bill Weldon; Xerox Corp. CEO Ursula Burns; American Express Co. CEO and Chairman Ken Chenault; and Richard Davis, president and CEO of U.S. Bancorp.

Larry Fink, chairman and CEO of the financial services company BlackRock Inc.; Glenn Hutchins, co-founder and co-CEO of Silver Lake Partners, a global private investment company; John Stumpf, president and CEO of Wells Fargo & Co.; and John Surma, chairman and CEO of U.S. Steel Corp., also took part.

Obama met in December, and again in January, with leading CEOs on problems facing the U.S. economy.

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