Friday, 26 October 2012


The USA central government and several of its major States often hover on the edge of bankruptcy – while Senators fiddle and argue as Rome burns. The "Who will blink first?"  brinkmanship tradition continues today.

A new, but tediously familiar, fiscal fire alarm has been rung by the awesome assembly of top CEOs at Fix The Debt ...and by the influential Business Round Table. They see America is about to plunge to its untimely tax budget doom, into the terrifying, gruesome, walking-dead, vampire cannibals, eternal torment, abysmal chasm called - OVER THE FISCAL CLIFF.  

The top CEOs tremble at the looming $16 trillion US Government debt and via their website have launched a petition to Congress and any politicians with the courage to act, pleading (as that is what petitioners do) for the warring Democrats and Republicans wrestling dangerously on the edge of the cliff, to “Fix It”. Some liberal journalists see the petition as calling for higher taxes; even for the rich and famous – and top CEOs. But closer reading reveals that they don’t want higher taxes – they simply want it fixed. They call for firm leadership, which is ironic coming from such experienced and successful global business leaders.

In their understandable panic, as Armageddon threatens and The Scalding Pit of Hell yawns beneath their feet, these knowledgeable, internationally sophisticated, highly paid, intelligent top people, some of them senior bankers, do not know of the $21 trillion buried in tax-havens or that much of the buried cash is withheld from society on their corporate balance sheets. Also, obviously driven from their minds by the extreme emergency, they overlook that the off-shore Rivers of Tax-Free Cash increase by $1 trillion every year. Some of it might even be siphoned, ENRON style, from the American economy. Perhaps, if we beg, the companies will lend it back to the US?

Perhaps this would help - repatriate the USA’s part of the $21 trillion and plug the $1 trillion a year leak. And invest it in modern US infrastructure and industries to create jobs.  But, Hey! Why bother when it’s so nice supping pina-coladas here in Cayman. “Cheers!”     Budget Control Act of 2011 CEOs.

Bill Ackman, Founder & CEO, Pershing Square Capital Management, L.P.
Samuel R. Allen, Chairman & CEO, Deere & Company
Richard Anderson, Chief Executive Office, Delta Air Lines, Inc.
Steve Ballmer, CEO, Microsoft Corp.
Doug Bergeron, CEO, VeriFone Systems, Inc.
Mark Bertolini, Chairman, CEO & President, Aetna, Inc.
Leon Black, Chairman & CEO, Apollo Global Management, LLC
Lloyd Blankfein, Chairman & CEO, Goldman, Sachs & Co.
Glenn Britt, Chairman & CEO, Time Warner Cable Inc.
Greg Brown, Chairman & CEO, Motorola Solutions, Inc.
Nicholas Calio, President & CEO, Airlines for America
Russell Carson, Co-Founder & Gen. Partner, Welsh Carson Anderson & Stowe
Marc Casper, President & CEO, Thermo Fisher Scientific Inc.
John Chambers, Chairman, President & CEO, Cisco Systems, Inc.
David Cote, Chairman & CEO, Honeywell International Inc.
Alexander Cutler, Chairman & CEO, Eaton Corp.
Richard Daly, CEO, Broadridge Financial Solutions, Inc.
D. Scott Davis, Chairman & CEO, United Parcel Service, Inc.
Steven A. Denning, Chairman, General Atlantic, LLC
Jamie Dimon, Chairman & CEO, JPMorgan Chase & Co.
Scott Donnelly, Chairman, President & CEO, Textron Inc.
Craig Duchossois, CEO, The Duchossois Group, Inc.
Brian Duperreault, President & CEO, Marsh & McLennan Companies, Inc.
Larry D. Fink, Chairman & CEO, BlackRock, Inc.
Martin L. Flanagan, President & CEO, Invesco Ltd.
James Frank, President & CEO, Wheels, Inc.
Kenneth Frazier, Chairman, President & CEO, Merck & Co., Inc.
Paul Fribourg, Chairman, President & CEO, Continental Grain Company
Daniel Fulton, President & CEO, Weyerhaeuser Company
Robert Gasser, President & CEO, Investment Technology Group, Inc.
Donald Gogel, Chairman & CEO, Clayton, Dubilier & Rice, LLC
Evan Greenberg, Chairman, President & CEO, ACE Limited
CEO Fiscal Leadership Council (continued)
Robert Greifeld, CEO, The Nasdaq OMX Group, Inc.
Kirk Hachigian, Chairman, President & CEO, Cooper Industries, plc
Ken Hicks, CEO, Foot Locker, Inc.
Glenn Hutchins, Co-Founder, Silver Lake
Jeffrey Immelt, Chairman & CEO, General Electric Company
John Ingram, Chairman & CEO, Ingram Content Group, Inc.
Dr. Paul Jacobs, Chairman & CEO, Qualcomm Inc.
Thomas M. Joyce, Chairman & CEO, Knight Capital Group, Inc.
Mel Karmazin, CEO, Sirius XM Radio Inc.
Klaus Kleinfeld, Chairman, President & CEO, Executive Council, Alcoa Inc.
Jack Leslie, Jr., Chairman, Weber Shandwick Worldwide
Andrew Liveris, Chairman, President & CEO, The Dow Chemical Company
Gary Loveman, Chairman, President & CEO, Caesars Entertainment Corp.
Eugene Ludwig, Founder & CEO, Promontory Financial Group
Terry Lundgren, Chairman, President & CEO, Macy's, Inc.
Frederick C. Maynard, III, Managing Director, HarbourVest Partners, LLC
Lowell McAdam, Chairman & CEO, Verizon Communications Inc.
Michael McCallister, Chairman & CEO, Humana Inc.
William McCracken, Chief Executive Officer, CA Technologies, Inc.
John McGlade, Chairman, President & CEO, Air Products and Chemicals, Inc.
W. James McNerney, Jr., Chairman, President & CEO, The Boeing Company
Tom Monahan, Chairman & CEO, CEB
Robert Moritz, Chairman & Senior Partner, PricewaterhouseCoopers LLP
Brian T. Moynihan, President & CEO, Bank of America Corporation
Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext
Douglas Oberhelman, Chairman & CEO, Caterpillar Inc.
Joe Payne, Chairman & CEO, Eloqua
George Paz, Chairman, President & CEO, Express Scripts, Inc.
Joseph Plumeri, II, Chairman & CEO, Willis Group Holdings plc
Thomas J. Quinlan III, President & CEO, R. R. Donnelley & Sons Company
Walter Rakowich, Co-Chief Executive Officer, Prologis, Inc.
W. Russell Ramsey, Chairman, President & CEO, Ramsey Asset Management
CEO Fiscal Leadership Council (continued)
James Robinson, III, Founding General Partner, RRE Investors, LLC
Brian Rogers, Chairman & Chief Investment Officer, T. Rowe Price Group, Inc.
Tom Rogers, CEO & President, TiVo, Inc.
Steven Roth, Chairman, Vornado Realty Trust
Edward Rust, Jr., Chairman, President & CEO, State Farm Mutual
Gregg M. Sherrill, Chairman & CEO, Tenneco, Inc.
Arne M. Sorenson, President & CEO, Marriott International, Inc.
Jerry Speyer, Chairman & Co-CEO, Tishman Speyer
Paul Stebbins, Executive Chairman, World Fuel Services Corporation
Randall Stephenson, Chairman & CEO, AT&T Inc.
Linda Stewart, President & CEO, Interaction Associates
Thomas F. Steyer, Founder & Senior Managing Member, Farallon Capital Mgmt., LLC
Andrew Tisch, Co-Chairman of the Board, Loews Corp.
James Tisch, President & CEO, Loews Corp.
Frits van Paasschen, President & CEO, Starwood Hotels & Resorts Worldwide, Inc.
Mark Walsh, Chairman & CEO, GeniusRocket
Wendell Weeks, Chairman & CEO, Corning Inc.
Michael White, Chairman, President & CEO, DIRECTV
Robert Wilmers, Chairman & CEO, M&T Bank
Thomas Wilson, Chairman, President & CEO, The Allstate Corporation
Kathy Wylde, President & CEO, Partnership for New York City
Corporate Members
UnitedHealth Group
Business Leaders Council
Lee Sanford Ainslie, III, Managing Partner, Maverick Capital Ltd.
Josh Bekenstein, Managing Director, Bain Capital
David Belluck, General Partner, Riverside Partners, LLC
Peter Beshar, Executive Vice President & Gen. Counsel, Marsh & McLennan Companies, Inc.
Andy Bluhm, Founder & Principal, Delaware Street Capital, LLC
Ted Buerger, Chairman,, LLC
John Burbank, Founder & CIO, Passport Capital, LLC
Bob Cummings, Vice Chairman, Investment Banking, J.P. Morgan
Boykin Curry, Managing Director, Eagle Capital Management, LL
Timothy Fisher, Senior Vice President & Director, The Hillman Company
David Gasson, Vice President, Director of Corporate Communications, Boston Capital
Donald Graham, Founder, The Graham Group
Bruce Heyman, Managing Director, The Goldman Sachs Group, Inc.
Philip Howard, Partner, Covington & Burling LLP
David Knowlton, Managing Partner, Three Ocean Partners, LLC
Nancy Maffucci, Executive Vice President of Global Communications, Wunderman
R. Tim McNamar, President, E-Certus Software, Inc.
Lenny Mendonca, Director, McKinsey & Company
Allen Parker, Deputy Presiding Partner, Cravath, Swaine & Moore LLP
Chris Pinney, Senior Vice President, Alliance for Business Leaders
Bob Pozen, Former Chairman, MFS Investment Management
Brenda Gray Reny, Chief Operating Officer & Managing Director, Daintree Advisors
Roger Sant, Co-Founder & Chairman Emeritus, The AES Corporation
Ivan Seidenberg, Former Chairman, Verizon Communications, Inc.
Brad Smith, General Counsel & Executive Vice President, Microsoft Corp.
Bill Staton, Managing Director & Chief Investment Officer, Staton Financial Advisors, LLC
Stuart Match Suna, President, Silvercup Studios
David Thomas, Managing Partner, Court Square Capital Partners
Michael B. Wisenbaker, President, Peregrine Group
Gary Wilson, General Partner, Manhattan Pacific Partners


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