3M CEO slams Obama as 'anti-business'

george_buckley.gi.top.jpg3M CEO George Buckley by Ken Sweet, contributing writer


NEW YORK (CNNMoney) -- The head of industrial conglomerate 3M (MMM, Fortune 500) blasted the president as being "anti-business," claiming Obama has not done anything to improve the White House's relationship with Corporate America.

3M CEO George Buckley called Obama's policies "Robin Hood-esque" and told the Financial Times that manufacturers like 3M may have to shift production to other countries in order to stay competitive.

"We know what his instincts are ... he is anti business," Buckley said in an interview that ran late Sunday.

The interview comes as the White House pushes its pro-business agenda. Last week, the Council on Jobs and Competitiveness held its first meeting to brainstorm ideas on job growth and boosting the economy.

The Council is headed by a roundtable of business leaders including General Electric's (GE, Fortune 500) Jeffrey Immelt, AOL (AOL) co-founder Steve Case and Intel (INTC, Fortune 500) CEO Paul Otellini.

Otellini had been critical of the Obama administration's handling of the economic recovery back in September. But he joined 19 other CEOs for a White House summit in December to talk about job creation and other ways to move the economy forward.

Obama also traveled to California last week to meet with technology leaders, including Facebook co-founder and CEO Mark Zuckerberg and Apple (AAPL, Fortune 500) CEO Steve Jobs.

Buckley said his company, which makes thousands of products ranging from Post-It notes to Scotch Tape, "will do business where it's good and friendly."

Despite the recent public positions of other major business leaders, Buckley says he's not alone.

"There is a sense among companies that [the U.S.] is a difficult place to do business," he told the FT. "We've got a real choice between manufacturing in Canada or Mexico -- which tend to be more pro-business -- and America."

3M was unavailable for immediate comment. To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 17,356.87 288.00 1.69%
Nasdaq 4,644.31 96.48 2.12%
S&P 500 2,012.89 40.15 2.04%
Treasuries 2.15 0.08 3.72%
Data as of 4:04am ET
Company Price Change % Change
Bank of America Corp... 17.26 0.54 3.23%
General Electric Co 24.66 0.23 0.94%
Apple Inc 109.41 2.66 2.50%
Cisco Systems Inc 26.81 0.22 0.85%
Microsoft Corp 45.74 0.58 1.28%
Data as of Dec 17

Sections

That number will likely grow as the Obama Administration eases restrictions with the Communist country. More

Laurie Segall sits down with Reddit founder Alexis Ohanian and founder of AeroFS, Yuri Sagalov, to discuss how immigration reform could bring more skilled tech workers to the U.S. More

News startup The Skimm announced a new round of funding, 1 million active readers, and plans to expand into a 'lifestyle brand.' More

Congress waited until the last minute to decide what to do with a slew of expired tax breaks. They extended most of them, and a handful will affect individuals directly. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.