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Dow Chemical CEO Andrew Liveris on energy, the importance of boosting job growth globally and perceptions of the U.S. overseas.
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I look inside your portfolio right now open it up right -- -- -- compare the success of the stocks that you guns depends very much in part on the people.
Leading those companies' CEOs with a vision who partake in the world's conversation to learn how to grow and prosper.
Close claimant is that -- be global conversation going on right now with one of -- CEO she's in Switzerland.
At the World Economic Forum.
Cheryl we are all very busy here in Davos running around but easily one of the top five busiest people is the chairman and CEO of Dow Chemical -- -- -- -- Why because he is one of the five co chairs.
Of this entire World Economic Forum but also he's trying to run a multi billion dollar worldwide company he -- kind of have to sit with us today thanking us -- if you get.
As one of the chair people hear -- and you're also of course on the business council the business roundtable.
What is the most pressing issue because we're almost at the tail end of the events here -- -- -- the most pressing issue that you see for global business and the entire world.
Yeah I'd look lifestyle of the week with the impression -- -- date to that the whole Euro crisis.
And the beginnings of recovery was one of my early impressions but tethered to the week the common thing that's running through all of that of course is a jobs crisis and especially revenues -- news -- -- employment I would tell you that it's on everyone's lips.
That would reading and seeing a whole generation of young people's fishy here in Europe which is a very big topic -- But it's also big problem in all the emerging world and total society and unintended consequence of something that is very needed to my -- which is.
America's new energy advantages being talked about it nearly every meeting.
And interestingly enough an advantage for America's citizens disadvantaged everyone else and it has an unintended consequence that American -- -- -- -- all the soil.
That America what city all the troops that America want that America -- I did say that's been talked about more here than it is in America.
OK let's drill down on the up so to speak and that is because we are apparently going to be the world leader take over from Saudi Arabia investors.
As the biggest output the nation.
Of oil to meet that is is quite fascinating.
But you say a disadvantage because why would we be pulling our business -- -- our troops and our ability to at least try and protect oil interest nationwide.
Well why -- that's on everyone's lips -- assisting and an ominous trends is and has the benefit of being in America will be easier credit great American global company on the on the first to tell you Americans.
Great people but -- -- -- to travel wealth to places like double -- you know and -- a lot of Americans here.
And it's amazing how the world looks to America still I think we forget that in America -- become so what did prospective.
-- leadership is very much appreciate it.
At some times that I thought they hated us -- -- to -- the time I think you get that but because there's no alternative plan would place the eight.
-- someone has to be the -- -- well.
Jamie Dimon was sitting in this chair yesterday of JPMorgan and he said.
We are the most transparent we are -- the widest and most wonderful capital market.
Then you have in the same share of Russian bank president and as chair of course he runs BTB bank Contra -- and who said you have to realize how lucky you wore that that the US company wants to still do business in the united liberal -- Be like us I don't know this is a bit of a US love -- but it's accurate and I'm in Columbus I'm talking to every nationality and are reporting to -- that America now has something you.
And something fresh.
And I think we should seize that advantage and you talk about it as all of -- I told the bad as new value new job.
It's as optimistic as you sound about job creation we are still at an elbow elevated level of unemployment in the US.
What are we need to be doing there.
Well I think.
Holistic approach to job creation is required I think with hostile political rhetoric we have solving one by one -- issues of the day the debt ceiling and the rhetoric around fiscal cliff we dictated portal that -- -- But that would go off all the reforms that -- Energy policy -- clear what climate change attach a -- in the context of now.
Shale gas revolution how we -- tax reform in place to make Americans and American corporations competitive again.
Globally think think without chemicals we wanna reinvest in America because we can be competitive.
Out of America that agenda has to be put on the national agenda I know the second term president is very keen on doing that.
The first term president was accused of being.
Anti business or not as friendly to business even though he brought a lot of business leaders to the White House and listen to them.
Maybe some set -- -- such you know what was so cute listen but I didn't see anything.
Effectuate I didn't see anything -- do you think that it is a different tone about the President Obama well.
I'm very fortunate that -- as one of the ones that was called upon variability.
To help foods President Obama really understand he's just gonna sit waste come from and his agenda and how you got voted it well how realize how hard is it to understand that.
-- -- -- Not hot.
But how hot does it to actually put the gender of the other -- This it's probably difficult but now the -- here and by the way it's transcends all classes no such thing as class America it's all about jobs for every one.
Everyone at the bottom of the American pyramid aspires to get to the -- yes and that has to stay intact in this remake of the American model I think he understands that.
But job creation business partnership has to be part of the conversation I see it very much part of the conversation right now your native country of Australia.
Has done quite well but there that's dependent very much on natural resources absolutely.
Forty C Australia could well it's a great because a lot of our viewers love to invest in Austria and and thankful for that -- -- -- very proud Australian I go back and told my countrymen please don't take the time lucky country to hot -- Davis he's wonderful resources but those -- include up people.
So let's value at about the ground but just below the ground.
Now let's actually get out intellectual property universities to add value to our resources and then look at exporting that around the world that compensation is getting some traction interest to -- enough in Australia the course of the US focus of -- -- And -- -- -- the chairman and CEO of Dow Chemical but also one of the five cheer people here at the World Economic Forum thank you my place -- lovely to be with --
