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John Petersen
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John Petersen is the executive vice president and chief financial officer of ePower Engine Systems, Inc., a Kentucky-based enterprise that has developed, built and demonstrated an engine-dominant diesel-electric hybrid drivetrain for long-haul heavy trucks that promises fuel savings of 25 to 35... More
My company:
Fefer Petersen & Co.
My blog:
ipo-law.com
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  • Mark Bern, CFA
    , contributor
    Comments (5110) | Send Message
     
    John,

     

    It is definitely worth viewing and sharing. Wynn doesn't pull and punches and he makes a lot of sense. I suspect that his views are shared by much of Corporate America and could explain the cautious approach to hiring.

     

    I definitely like and agree with his view on the stability of governments. No one really knows with any certainty what might come out of Washington next. Businesses cannot be comfortable with that situation.
    18 Aug 2010, 11:46 AM Reply Like
  • John Petersen
    , contributor
    Comments (30418) | Send Message
     
    Author’s reply » Tell the renegades because I don't hear from most of them often enough.
    18 Aug 2010, 11:51 AM Reply Like
  • Albertarocks
    , contributor
    Comments (2233) | Send Message
     
    The saddest part of this is that Steve Wynn is one of the very few who have the courage to say it. I don't have much doubt at all that most of corporate America agrees with him wholeheartedly. But rather than rally with him, they once again just flip the switch in their minds, delete that particular piece of truth and carry on as if the charade can go on forever.

     

    The lack of leadership is what's most disheartening. If any group of 20 top corporate leaders joined Wynn and made a public statement something to the effect "ladies and gentlemen of America, it's time to make some noise. It's time to put all the members of the SEC to trial for corruption, time to put the FED's feet to the fire and get some answers about why the treasury issued $1.5T more than was required (which of course the FED purchased) and what they've done with that money, time cut the size of government by 70% immediately and cut the budget by 30% immediately"... then America might have a chance. Until something as outstanding as that happens though, the path to destruction remains 100% assured. Where is the leadership? Where is the good old American courage?

     

    .
    18 Aug 2010, 12:12 PM Reply Like
  • tripleblack
    , contributor
    Comments (13585) | Send Message
     
    We keep an eye on such things, still, Mr. Petersen. That interview with Wynn caught my eye recently as well. I file it in my "The World Is Upside Down" category. A decade ago I could not imagine nodding my head in agreement to a wealthy American CEO's decision to shift his company's investment emphasis to China...

     

    LOL, nowadays I question the competence of some of the CEO's who are KEEPING their operations in the United States.
    18 Aug 2010, 12:15 PM Reply Like
  • John Petersen
    , contributor
    Comments (30418) | Send Message
     
    Author’s reply » I generally try to avoid political statements because once you start folks put you into a pigeon-hole instead of paying attention. But I was really impressed with what Mr. Wynn had to say.
    18 Aug 2010, 12:43 PM Reply Like
  • tripleblack
    , contributor
    Comments (13585) | Send Message
     
    I would pay real money to see American CEO's supoenaed to the various show monkey trials by Congress stand on their hind legs and let them have it just like Wynn did.
    18 Aug 2010, 12:46 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2233) | Send Message
     
    Where can I buy a ticket for that? What's the date for that big event... or it still to be scheduled? I want a ticket.
    18 Aug 2010, 12:50 PM Reply Like
  • John Petersen
    , contributor
    Comments (30418) | Send Message
     
    Author’s reply » Maybe we could get Ron Paul to hold a hearing ;-)
    18 Aug 2010, 12:53 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (5110) | Send Message
     
    Instead of Congressional Hearings, we need some Hearings of the People where members of Congress are grilled.
    18 Aug 2010, 02:21 PM Reply Like
  • John Petersen
    , contributor
    Comments (30418) | Send Message
     
    Author’s reply » Thomas Jefferson would have liked that idea! Me Too!
    18 Aug 2010, 02:38 PM Reply Like
  • Mayascribe
    , contributor
    Comments (10417) | Send Message
     
    John: A few days back I wrote that with all these 100s of new czars, I moved to appoint (annoint?) that any one of the Renegades would make a great FUBAR Czar.

     

    I saw the Winn video a while back. Was very impressed.
    18 Aug 2010, 03:54 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5038) | Send Message
     
    Wynn has been a vocal and intelligent critic, offering viable ways for the USA to get her groove back, for years. Here is a twenty minute interview with him from Oct 23rd, 2009 ( I checked back into my notes to see just how old this interview is, since I wrote about it that day) that would have behooved our POTUS to follow--it's well worth listening to, especially given the historic perspective now, almost a year later, and his ideas for improving education are spot on, too!

     

    When a Steve Wynn is ready to move out to Macau, out of the USA, what is the lesson here?

     

    vodpod.com/watch/23848...
    18 Aug 2010, 11:34 PM Reply Like
  • John Petersen
    , contributor
    Comments (30418) | Send Message
     
    Author’s reply » Many thanks for a great link. We need more business leaders who have the stones to stand up and say that ideology driven outlays like battery plants that cost $1 million for each new job are making us poorer, rather than richer.

     

    Taxing Peter to pay for Paul's personal consumption is plunder.
    19 Aug 2010, 12:16 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (5110) | Send Message
     
    OG - I must have missed that one the last time. That was worthwhile listening. Thanks.
    19 Aug 2010, 11:56 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    I believe Wynn's comments are spot on. Our system of government as it stands has turned into a red-light district in the congress with the executive office a pimp for whatever party is in office. I am certain the country will have a peaceful revolution but a revolution none the less - and the sooner the better while there is still time. It's heartbreaking really - but people will act and change gonna come!
    23 Sep 2010, 12:24 PM Reply Like
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