“This will bring a phenomenal amount of innovation and just overall better offerings to our clients, which is what we’re all about.”
Ron Rittenmeyer, president and CEO, Electronic Data Systems Corp., on the company’s $14 billion acquisition by Hewlett-Packard Co.
“Banks don’t really want to loan on those big office towers anymore. So a lot of those projects are on hold.”
Ross Perot Jr., chairman, Hillwood Development Co. and Perot Systems Corp., on a slowdown in office construction, including at Hillwood’s Victory Park development.
“It’s been a lean year for all nonprofits. [But] we’re still growing. Through the beginning of the year, in three years we have tripled our budget, our staff, and our members.”
Wanda R. Brice, CEO, The Women’s Museum, on fund-raising challenges in a slumping economy.
“No. But I might make sure I didn’t have more than $100,000 in a single account.”
Robert McTeer, former president, Federal Reserve Bank of Dallas, replying when asked whether he “would worry” if he had money in the bank.
“Since the beginning of the year, just in our sector—which is the home-furnishings sector—we’ve seen 21 [companies filing for] bankruptcy. So it is a very, very difficult environment for home-furnishings-focused people.”
Kathleen Mason, president and CEO, Tuesday Morning Corp., on the current economy.
“We think we’re making some of the most profitable loans we’ve made in years today and, as the capital markets recover, I think we’re going to have a real nice swing back to profitability.”
Daniel E. Berce, president and CEO, AmeriCredit Corp., on prospects for his subprime automobile-lending company over the next 12 months.
“The consensus in the marketplace has been that slower economic growth would tamp it down. That hasn’t happened.”
Richard W. Fisher, president and CEO, Federal Reserve Bank of Dallas, on the economy’s “inflationary impulses.”
