Honeywell Chairman and CEO Dave Cote appeared on this morning’s Bloomberg TV's Market Makers with Stephanie Ruhle and Erik Schatzker to discuss the current economy, including oil prices and the strong dollar, as well as Honeywell’s terrific performance and long-term strategy to continue to grow value for shareowners.
During the multi-segment piece, Cote provided insights on key market issues such as oil and gas and consumer confidence. He also discussed how Honeywell’s Diversity of Opportunity is helping the company to effectively manage challenges in today's economy today.
“The big thing for me is to be able to operate regardless of the environment. So one of the first things I do is to make sure that nothing ever ends up being such a big piece of the portfolio that it crushes me,” Cote said. “Now the problem, of course, is that there is no one thing that makes the company either. We’ve got to be consistently good operators everywhere. Oil and gas is about 10% of the company. It’s not a huge piece, but, at the same time, I need to be able to operate that 10% as well as I can.”