Nicole Garrison-Sprenger,Pioneer Press
Davis says government is not helping
There is no “A,R or P”in the government’s Troubled Asset Relief Program,quipped U.S. Bancorp Chief Executive Richard Davis Tuesday morning in front of about 300 business people in Minneapolis.
“It’s just troubled,”the 50-year-old CEO said at the Thrivent Financial for Lutherans’Business Leaders Forum. The forum invites executives to discuss how business and their principles intersect.
In his hour-long speech,Davis spoke about the economic crisis and the banking industry’s role in that crisis. But he kept the mood light,calling himself a “banker dude”and “Christian guy,”and at one point revealed that back in high school,he had been fired from his first job,at Toys “R”Us.
Davis also said banking remains a critical part of society,despite its current troubles.