Yahoo! Finance’s new Editor-in-Chief, Andy Serwer, recently sat down with Honeywell Chairman and CEO, Dave Cote, to discuss Honeywell’s acquisition track record, U.S. and global economy outlooks, thoughts on the 2016 Presidential election, and the controversial 'deflategate.'
Cote commented on Honeywell’s response to recent shifts in China and expressed his long-term belief in China’s economy and growth. Although we are in a slow growth environment, Cote noted that the U.S. is still the most productive economy in the world. Discussing Honeywell’s recent acquisition of Elster helped Cote to explain the company’s desire to take on bigger deals and continue to gain shareholder confidence in conglomerates.
While explaining part of the Honeywell acquisition strategy, Cote said: “You need to have a unifying approach, which is what we have with our business model. I've always looked at it this way and I think we've done a better job of communicating it over the last few years. Our business model comprises three parts: the first is to have the right kind of portfolio, the second is to have a focus on internal processes, and then the third is a culture that applies to both.”
Watch the full interview.