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Bain & Company Chairman Orit Gadiesh on Mitt Romney and why economic growth is a major concern for corporate leaders around the world.
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Thank you well right now the brightest minds in the worlds of both business and government.
Are gathering at the World Economic Forum in Davos -- someone -- was claimant is there.
When you hear the name being you might think of Mitt Romney and Bain Capital but before -- capital.
There was consulting firm Bain and company here to explain the difference -- to talk about what exactly they do over there in a Fox Business exclusive is already good day she is the chairman.
-- Bain and company thank you for being here thank you for having me well suddenly being is a household word but I'm not sure you would say that people truly understand.
What it represents at least from your perspective let's clarify that for people about.
Bain and company and what you do.
You talk -- two separate companies Bain and company where I am is C global consulting firm.
The other company name his private equity.
Which -- -- about twenty years ago he is an alumni I think and company which were.
Very proud of somebody who is doing what he's doing now.
But he is really not being.
-- Bain and company for the last twenty years.
You talk to CEOs out their businesses about the most strategic issues that they face.
What are some of the biggest concerns that CEOs are facing beyond the obvious we want to grow -- were worried about uncertainty growth is actually a real issue whether you talk about developing companies.
Countries -- developed countries.
And there actually is a lot of growth.
In both parts of the world people tend to talk about the growth in developing.
World.
But if you look at the if you look at -- over the next decade.
You'll see that the growth in GDP is actually likely to be split about 5050 between the developed world when developing world what's what's the biggest mistake.
Company leaders -- when they're trying to grow its doing nothing.
It's wanting to grow.
Feeling uncertain than -- for deciding to do nothing for now almost seized by panic.
I wouldn't say panic that's on that's not something I would associate with most sales but the -- season -- the uncertainty.
That's both starting to really analyze and understand those different worlds because they really are different areas in different ways to go about it.
But he sort of stuck and say -- I won't do anything now I would absolutely no investment I'm not -- innovate because I don't know what's gonna happen.
Then you're do you're going to be staying behind when you walked in and you look at the company books is it often the first thing that you recommend as.
You should invest more or.
You need to cut jobs and end this perception comes from all of the politics swirling around Mitt Romney and his past -- Bain Capital.
But what is one of the first recommendations you always resort to.
We're usually resort to.
Well the first thing is that you have the right talent it's not about cutting jobs or adding jobs many times actually adding jobs.
There's a real war for talent out there.
So you want to have the best people with you.
And if somebody is not doing the best that's -- good times and bad times.
You don't want them to be their standing in the way of the people who know they're doing and the -- -- the coming fears.
Because.
There's more and more.
War for talent coming both developed and developing world.
So -- really hit it that is really the first thing you do that's fascinating because I really years you're changing the perception perhaps of some people.
About what you really do at this point in time the feeling is.
Companies have hard hearts and they just want to -- The ranks.
Can talk for everybody obviously but -- the ranks is I've never heard.
Anybody say I just want to talk to banks.
I want to have the right talent the right amount of talent and the right place and in fact -- pay for more talent.
If I can that it get it to -- -- strategy.
As we finish out -- go to the attention that's been focused on the name Bain and Mitt Romney certainly coming from all of this.
Might be giving you both the millions of dollars in free marketing for name recognition but.
You have to think Mitt Romney's doing and and do you support him in his efforts.
For us as a city we're very proud of having -- in this session.
He's being.
Terrific when he twenty years ago when we were going through management buyout.
In helping us doing it.
He's done great kills them and since then I have not -- action for twenty years because he's been in another company.
Good to see you thank you very much for joining us exclusively here on Fox Business -- two days.
