Loews Corporation's (L) co-chair Andrew Tisch isn't a fan of Hillary Clinton's proposal to charge a 'risk fee' to some of the biggest banks. 'My sense is we are not in a 'too big to fail' state and I don't like the idea personally [of charging banks a risk fee],' Tisch said in an interview from the No-Labels Problem Solver Convention in Manchester, New Hampshire. In recent months, Clinton also took shots at companies, saying they are too focused on short-term goals, rather than investing for the long haul. 'Companies should be looking at long-term return to their shareholders,' he said. 'That to me is a much more salient indicator of a performance [than focusing on quarter-to-quarter progress].' To solve this issue, Clinton is proposing changes to capital gains tax. Currently, rates fall after a holding period of one year, but Clinton would extend that period to two years, creating an even greater incentive for companies to invest for the future. 'I think it's an interesting idea to explore,' Tisch said.
More from Video
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Breaking down an approach to the long side of this biotech stock.
AMSC CEO discusses that and China challenges.
One of pharma's biggest CEO's talks M&A action on the exchange.