Yesterday Honeywell Chairman and CEO Dave Cote appeared on CNBC’s Mad Money with host Jim Cramer following the company’s release of its 2015 forecast. Cramer and Cote discussed the temperature of the global economy, how lower oil prices should be a net positive to business over the long-term, his point of view on an extended economic recovery in the U.S., and Honeywell’s rigorous M&A process.
“We've done 80 acquisitions or so in the past ten years, added about … $12 billion in sales for us overall. We've done about 8 to $9 billion of dispositions, 50 transactions. We do a lot of this and we have a rigorous process that I absolutely adhere to even today in my 13th year and my guys would tell you, it scares me to death we're going to make a mistake so I treat every single one of them that way – me and my whole team. I just think that's a great place for us to add value for our investors.”
Click here to watch the interview.