Bill George: Obama has ‘wasted’ the financial crisis

Bill George, the former Medtronics CEO and now a board member of Goldman Sachs, says President Barack Obama has wasted the economic crisis. George told The Economist he’s paid too much attention to Capitol Hill. “We’re doing a lot of short-term jobs in the stimulus bill and a tax cut with very little benefit,” he said. He said Obama has “showed signs” of paying more attention to jobs creation. “The CEOs are not hiring in this economy… it’s going to come down to innovation.”

George, who wrote the book, “7 Lessons For Leading in a Crisis,” defended the executive compensation of his corporation only by acknowledging the controversy exists.

He said the country has “trained a whole generation of leaders to put themselves first.”

He was on MPR’s Midmorning in September.