Bartiromo on Davos
CNBC’s Maria Bartiromo writes about Davos in Business Week…
As the snow flew in Davos, the fur was flying on exchanges all around the globe. Fears of a U.S. recession set off a wave of selling that sent the Dow below 12,000, although by press time on Jan. 23 global markets were settling down and recouping losses. To gauge reactions across the business spectrum, I talked with the managers of two massive pension funds in the U.S., Christopher J. Ailman of CalSTRS and Russell Read of CalPERS; General Mills (GIS) CEO Kendall J. Powell; Barclays (BCS) President Robert E. Diamond Jr.; and Glenn Hutchins, co-CEO of private equity firm Silver Lake. Everyone but Ailman and Read were at the World Economic Forum, where the luminaries ranged from Secretary of State Condoleezza Rice to News Corp. Chairman Rupert Murdoch. But most eyes were glued to the news happening far from the frosty Swiss Alps.
For what Bartiromo did there (that we know of) she could have stayed home and called in sick.
Comment by watchmen — January 25, 2008 @ 9:16 am