Sunday, May 31, 2009

Xerox CEO: Obama hasn’t detailed ‘exit plan’ for economic intervention

Anne Mulcahy, the top executive at Xerox Corp. and a one-time Obama adviser, said Sunday that the new administration has yet to detail a strategy for ending its heavy economic intervention.

“All of us understand the need for the government to intervene and take the actions they did – whether it was for the financial services industry or the stimulus plan. But I also think there’s a need for an exit plan [and] that this has to be one that’s thought through,” she told David Gregory, host of NBC’s “Meet the Press.”

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