Difference between revisions of "David M. Cote"
m (fixing link) |
(moving honeywell stuff) |
||
| Line 6: | Line 6: | ||
The Institute for Policy Studies has estimated that Cote’s personal savings from the Bush tax cuts are $2,529,490.<ref>Institute for Policy Studies, [http://www.ips-dc.org/files/5507/IPS-CEO-Campaign-to-Fix-the-Debt-report.pdf "The CEO Campaign to 'Fix' the Debt: A Trojan Horse for Massive Corporate Tax Breaks"], report released November 13, 2012.</ref> | The Institute for Policy Studies has estimated that Cote’s personal savings from the Bush tax cuts are $2,529,490.<ref>Institute for Policy Studies, [http://www.ips-dc.org/files/5507/IPS-CEO-Campaign-to-Fix-the-Debt-report.pdf "The CEO Campaign to 'Fix' the Debt: A Trojan Horse for Massive Corporate Tax Breaks"], report released November 13, 2012.</ref> | ||
| + | |||
| + | "Cote is a 1976 graduate of the University of New Hampshire, where he earned a bachelor's degree in business administration. He is one of 10 U.S. CEOs invited to serve on the [[U.S.-India CEO Forum]] established by President [[George W. Bush]] and Indian Prime Minister [[Manmohan Singh]] in July 2005. Cote was recognized by the [[Foreign Policy Association]] in 2007 with its [[Corporate Social Responsibility]] Award for the company’s Honeywell Hometown Solutions program."<ref name="bio"/> | ||
==Ties to 'Fix the Debt'== | ==Ties to 'Fix the Debt'== | ||
| Line 19: | Line 21: | ||
David Cote "is chairman and CEO of [[Honeywell]], a diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and specialty materials. He was first elected president, CEO, and a member of the Board of Honeywell in February 2002. He was named chairman of the Board of Directors on July 1, 2002. | David Cote "is chairman and CEO of [[Honeywell]], a diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and specialty materials. He was first elected president, CEO, and a member of the Board of Honeywell in February 2002. He was named chairman of the Board of Directors on July 1, 2002. | ||
| − | "Cote came to Honeywell from [[TRW]], a $16 billion products and services provider for the automotive, aerospace, and information technology markets, where he joined as president in 1999. He was subsequently named CEO in 2001 and chairman in 2002. Cote joined TRW from [[General Electric]], where he served 25 years, progressing through a series of positions in manufacturing, finance, marketing, strategic planning, and general management. He was appointed to his last position at GE – corporate senior vice president and president and CEO of GE Appliances – in 1996. | + | "Cote came to Honeywell from [[TRW]], a $16 billion products and services provider for the automotive, aerospace, and information technology markets, where he joined as president in 1999. He was subsequently named CEO in 2001 and chairman in 2002. Cote joined TRW from [[General Electric]], where he served 25 years, progressing through a series of positions in manufacturing, finance, marketing, strategic planning, and general management. He was appointed to his last position at GE – corporate senior vice president and president and CEO of GE Appliances – in 1996.<ref name="bio">[http://www.honeywell.com/sites/honeywell/bgpresident_cat1ec3d95-fb5435840f-3e3e4447ab3472a0c2a5e5fdc1e6517d_HTM1ec3d95-fb5437b62e-3e3e4447ab3472a0c2a5e5fdc1e6517d.htm David M. Cote], , accessed November 13, 2007.</ref> |
| − | |||
| − | " | ||
*Director, [[JP Morgan Chase]] <ref>JP Morgan [http://www.jpmorganchase.com/corporate/About-JPMC/board-of-directors.htm Board], organizational web page, accessed September 24, 2012.</ref> | *Director, [[JP Morgan Chase]] <ref>JP Morgan [http://www.jpmorganchase.com/corporate/About-JPMC/board-of-directors.htm Board], organizational web page, accessed September 24, 2012.</ref> | ||
Revision as of 20:48, 2 January 2013
Contents
Executive Summary
David M. Cote is the chairman and CEO of Honeywell and a former member of the Simpson-Bowles commission (on its tax working group).
Cote, a Republican, is on the board of JP Morgan Chase and is an advisor to Kohlberg Kravis Roberts, the third largest private equity firm in the world,[1] with $66 billion in assets under management.[2]
The Institute for Policy Studies has estimated that Cote’s personal savings from the Bush tax cuts are $2,529,490.[3]
"Cote is a 1976 graduate of the University of New Hampshire, where he earned a bachelor's degree in business administration. He is one of 10 U.S. CEOs invited to serve on the U.S.-India CEO Forum established by President George W. Bush and Indian Prime Minister Manmohan Singh in July 2005. Cote was recognized by the Foreign Policy Association in 2007 with its Corporate Social Responsibility Award for the company’s Honeywell Hometown Solutions program."[4]
Ties to 'Fix the Debt'
Cote is one of the most prominent public corporate faces of Fix the Debt, a ubiquitous presence in TV coverage of the campaign and in kicking off its media blitz[5] with the likes of Jeff Immelt of GE (Cote was at GE for 25 years) and Larry Fink of BlackRock.[6]
Honeywell
Cote is chairman and CEO of Honeywell.
Honeywell, a significant military contractor, spent $2.1 million on lobbying Congress and the Treasury Department in the third quarter of 2012 alone, including on “issues related to corporate tax reform, international taxation and repatriation.” Honeywell has also come under fire for its labor practices.[7] Honeywell employees donated $5,908,226 to candidates in the 2012 election cycle, 61% of it going to Republicans.[8]
David Cote "is chairman and CEO of Honeywell, a diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and specialty materials. He was first elected president, CEO, and a member of the Board of Honeywell in February 2002. He was named chairman of the Board of Directors on July 1, 2002.
"Cote came to Honeywell from TRW, a $16 billion products and services provider for the automotive, aerospace, and information technology markets, where he joined as president in 1999. He was subsequently named CEO in 2001 and chairman in 2002. Cote joined TRW from General Electric, where he served 25 years, progressing through a series of positions in manufacturing, finance, marketing, strategic planning, and general management. He was appointed to his last position at GE – corporate senior vice president and president and CEO of GE Appliances – in 1996.[4]
- Director, JP Morgan Chase [9]
- Senior Advisors Group, KKR [10]
Resources and articles
Related Sourcewatch
References
- ↑ Private Equity International, "The PEI 300: Top 50", organizational website, accessed January 1, 2013.
- ↑ MSN Money, "KKR to Present at the Goldman Sachs US Financial Services Conference 2012", November 20, 2012.
- ↑ Institute for Policy Studies, "The CEO Campaign to 'Fix' the Debt: A Trojan Horse for Massive Corporate Tax Breaks", report released November 13, 2012.
- ↑ 4.0 4.1 David M. Cote, , accessed November 13, 2007.
- ↑ Julia Edwards, "Business Leaders Urge Obama to Avoid Fiscal Cliff", National Journal, November 14, 2012.
- ↑ The Committee for a Responsible Federal Budget, "Simpson and Bowles Preview "Fix the Debt" Campaign", CNBC video linked on organizational website, accessed January 1, 2013.
- ↑ Mike Elk, "In Leaked Docs, Honeywell Cites Obama Ties As Key to Anti-Union Strategy", In These Times, November 16, 2012.
- ↑ Center for Responsive Politics, "Honeywell International Summary", OpenSecrets website, accessed January 1, 2013.
- ↑ JP Morgan Board, organizational web page, accessed September 24, 2012.
- ↑ KKR Senior Advisors Group, organizational web page, accessed October 4, 2012.
