The actions we announced today are being taken to ensure that we're in a strong position to navigate through what we expect to be a longer period of economic weakness,
More Quotes from Kenneth Chenault:
While we are seeing signs of improvement in volumes, we are continuing to take a cautious view and expect the economy to remain weak throughout 2002,Kenneth Chenault
While we were on target to meet prior consensus for third-quarter earnings, the terrorist attacks obviously had a significant impact on the overall economy and we saw clear evidence of that as consumer spending, business travel and investment activity slowed after Sept. 11,
Kenneth Chenault
I've been in the company since 1981 and involved in the card business since 1984, and I believe we are in the strongest position we've been in, ... I remain confident in our overall network strategy and our relationship with MBNA going forward.
Kenneth Chenault
In light of this decision, we plan to resume our conversations with a number of banks -- now free to make a choice -- about possible card-issuing ventures,
Kenneth Chenault
Readers Who Like This Quotation Also Like:
Based on Topics: Economics QuotesBut just as they did in Philadelphia when they were writing the constitution, sooner or later, you've got to compromise. You've got to start making the compromises that arrive at a consensus and move the country forward.
Colin Powell
Poetry is but another form of inquiry into the nature of phenomena, using with its own unique procedures and tools.
John Barton
Youth is not restored by the dyeing of your hair.
Abu Bakr