At CES, a show that's about nothing if not rapid innovation, three high-profile CEOs sat down today to dissect the complex web of factors that they say hinders the U.S. from keeping pace with the rest of the world.
Speaking on an "Innovation Power Panel" this morning moderated by CES President Gary Shapiro, Cisco CEO John Chambers, GE Chairman and CEO Jeffrey Immelt, and Xerox Chairman and CEO Ursula Burns agreed that a faulty education system, plus policies around exports and the highly emotional issue of immigration, all hold sway over the pace of U.S. advancement.
"We have D minus in education; we need to work on bettering this," Burns said.
Government and business should work together to raise educational standards, Immelt asserted, focusing specifically on K-12. "Our interests are clearly aligned."
But while President Obama is trying to force partnerships with businesses, government, and education through foundations, Burns said, many people won't invest unless they see "outputs," adding that education is failing, in large part, because those outputs are not there.
But education isn't the only obstacle, the Xerox CEO said, turning to tax policies and high employee costs in the U.S. Chambers says he has a preference for hiring in America, but current condition are working against it. … Read more