Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

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

Index Last Change % Change
Dow 17,660.71 9.45 0.05%
Nasdaq 4,717.09 -8.55 -0.18%
S&P 500 2,050.63 -0.49 -0.02%
Treasuries 1.75 -0.04 -2.07%
Data as of 10:02pm ET
Company Price Change % Change
Bank of America Corp... 14.05 -0.08 -0.57%
Chesapeake Energy Co... 5.71 0.06 1.06%
Freeport-McMoRan Inc... 11.29 -0.51 -4.32%
Apple Inc 93.24 -0.38 -0.41%
General Electric Co 29.89 -0.18 -0.60%
Data as of 4:01pm ET
Sponsors

Sections

Sumner Redstone, 92, was deposed on videotape Thursday ahead of a trial Friday that will determine his mental competency. It could have implications for Viacom and CBS. More

America has 5.4 million job openings and 8 million people looking for work. The problem is most people hunting for jobs don't have the right skills. More

Gogo has a faster satellite wifi system coming to carriers, and it might be good enough to make people stop complaining. More

Visa says new software will allow consumers to check out with chip cards as fast as swiping a card with magnetic strip. More