On Wednesday, President Obama met with a group of about 20 CEOs in a five-hour long summit, reportedly in an attempt to soothe the souring relationship between big business and big government. From almost all accounts, the "charm offensive" was successful.
By the end, Boeing CEO John McNerney is reported to have said, "We all wanted to move beyond the talk that made this confrontational environment. We made our apologies." Honeywell International CEO David Cote said after the meeting, "Government is the enabler of business"¦Government and business need to work together."
What Cote did not mention is that his company has already been working closely with the Obama Administration, and was a major beneficiary of the Recovery Act "” as were many of the other companies represented. According toRecovery.gov, Honeywell received over $44 million in grants from the Department of Energy (DOE) for renewable energy initiatives. Honeywell also raked in more than $24 million in a variety of different government contracts from agencies like the National Aeronautics and Space Administration (NASA) and the Department of Defense.
Can the Aviation Equalization of Opportunity Act be far behind? The meeting of 19 CEO's and a leading VC (who feeds noisily at the green energy trough) sounds like the corporate state round-table.