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Jim Hackett

James Hackett was named President and Chief Executive Officer of the Company in December 2003, and Chairman of the Board of the Company in January 2006. Prior to joining the[…]

How does the outlook on financial policy differ between the private and public sector?

Question: How does the outlook on financial policy differ between the private and public sector?

 

Jim Hackett: Well, I think from the private sectors that we all realize that you have got to have a healthy financial sector in this country to provide blood v-capillaries of the system. So that from the private prospective is that we all what the government to help the financial sector not to meltdown, but I think that there is and of course the financial sector is a private sector for the most part, but I think there are number of mainstream companies who also are leery of that for getting government too much in to the private sector and getting it too much help, if you will.

So, that a number of us may what government to step in whenever our own personal interest is involve, but it is very different when it is not our personal interest, that has always been the case in this country. And again I think what I am concerned about the private sectors making sure the government doesn’t over due this whole thing.

 March 24, 2008