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 18,132.70 -81.72 -0.45%
Nasdaq 4,963.53 -24.36 -0.49%
S&P 500 2,104.50 -6.24 -0.30%
Treasuries 2.00 -0.01 -0.69%
Data as of 10:44am ET
Company Price Change % Change
Bank of America Corp... 15.81 -0.23 -1.43%
Apple Inc 128.46 -1.96 -1.50%
General Electric Co 25.99 0.10 0.39%
Microsoft Corp 43.85 -0.20 -0.47%
Chesapeake Energy Co... 16.68 -0.52 -3.02%
Data as of Feb 27
Sponsors

Sections

Berkshire Hathaway CEO Warren Buffett released his 50th annual letter to shareholders. The Oracle of Omaha thinks the next 50 years will be great and knows who will replace him. More

Potential presidential candidate says that improvement in unemployment rate is due to millions of jobless not being counted. More

With the death of Leonard Nimoy, the actor who played Star Trek's Spock, we remember his character's legacy: The technology we use every day. More

The top 5 consumer complaints have to do with identity theft, debt collectors, imposters, telephone companies and banks. More