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NCSL Closing Remarks Transcript

NCSL Closing Remarks Transcript

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Published by Business Roundtable
Transcript of closing remarks at an NCSL conference from Caterpillar CEO Doug Oberhelman and Business Roundtable President John Engler.
Transcript of closing remarks at an NCSL conference from Caterpillar CEO Doug Oberhelman and Business Roundtable President John Engler.

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Categories:Types, Speeches
Published by: Business Roundtable on Aug 10, 2012
Copyright:Attribution Non-commercial

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05/13/2014

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Concluding remarks"The Business of Creating Jobs" panel discussionNational Conference of States LegislaturesLegislative SummitChicago, IllinoisAugust 9, 2012
Panelists:
 
John Engler, president of Business Roundtable [moderator]
 
Douglas R. Oberhelman, Chairman & CEO, Caterpillar Inc.
 
Edward B. Rust, Jr.. Chairman & CEO, State Farm Insurance Companies
Doug Oberhelman
: For some reason, and I don't know how it's happened -- we've talked a lot aboutthis, Ed [Rust] and I, and a lot of business people -- the country that was built on private entrepreneursand business now for the most part hates that society and resents it or... I'm not quite sure what.And we have an obligation in business, because some of the bad apples in business have reallycontributed to a bad reputation for business, and we've all got to watch that and clean that up.But having said that, I don't know how that's turned, really in my lifetime, where you were abusinessman, a hardware store owner, a car dealer, a State Farm agent -- [you were] a pillar of thecommunity. And today, that's changed so much.We've really got to watch that, because we have competitors out there all the time.And to your point about the contentious relationship between business and government, I don't reallysee it elsewhere in where I go. We are welcomed in many other places, and today, we're welcomed herein many places, but it's a different attitude.Businesses has an obligation, it's not everybody else's fault on this. But business, we have an obligationto step up and really be ethical and do the right thing. But somehow I think that dialogue has to change,and maybe we have to lead it if we should.
John Engler
: That's a good point to end on here. Many of the states out here - where actually therelationship that was mentioned -- are very business friendly and very professional, and I think that'swhat needs to happen [at the national level]. It is the case in other countries, I've heard this repeatedly.It's a bigger challenge in Washington today. But everything's a big challenge in Washington. It seems likeeven little things are big challenges.I think the energy and the inventiveness and the innovativeness coming out of the states has thepotential to be transformative. So I close this with: I think we've been given good guidance today, somegood conversation from both Ed and Doug, and I very much appreciate your participation here.

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