Friday, February 10, 2012

Cisco CEO on Economic Growth

Yesterday on Fox Business there was an interview with John Chambers, Chairman and CEO of Cisco. Toward the end he was discussing beefing up the growth engine of the economy. Small business. Business. He mentioned that 10 years ago in China they had 1/5th the number of IPOs. Now, he said, that trend is reversed. For ever 500 IPOs in China, here in the US there are 100. I didn't quote him exactly. This discussion is toward the end of the 7 minute interview.