Thursday, September 23, 2010

Don't Replace Larry Summers With a CEO - by Derek Thompson, the Atlantic

White House economic adviser Larry Summers will resign from the National Economic Council at the end of the year. Many observers see the opening as an opportunity for the president to bring on one of two underrepresented groups: women and corporate executives.
In fact, the top pick for Summers' replacement is both: Anne Mulcahy, former Xerox (NYSE: XRX - News) chief executive.Those calling for Obama to pick a CEO aren't necessarily wrong, but their reasoning is: CEOs are not uniquely smart about the economy.
http://finance.yahoo.com/career-work/article/110772/dont-replace-larry-summers-with-a-ceo

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