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To: Captain Jack who wrote (93051)	9/15/2001 10:05:09 AM
From: Elwood P. Dowd	Respond to of 97611

US Chief Executives Are Unshaken By Peter Robison 09/14 00:09 New York, Sept. 14 (Bloomberg) -- Leaders of some of the largest U.S. companies, unshaken by predictions of recession, said the economy will recover from the worst terrorist attacks in history. A few said business may even increase. ``You just sense there is going to be this wave of patriotism,'' said Herbert Baum, chief executive of the Scottsdale, Arizona-based soap maker Dial Corp. ``Consumer confidence is going to be strong.'' CEOs like Baum remain optimistic even amid this week's snarled shipments and canceled conferences, vowing that terrorism won't halt the economy. Aware of many analysts' pessimistic views, they're trying to avoid making the talk self-fulfilling. William J. Nutt, who heads a Boston asset-management firm, said he plans to buy stock for his personal account when financial markets reopen on Monday. ``I think it is simply the right thing to do, and so whether I make money or lose money, I don't care,'' said Nutt, 56, chief executive of Affiliated Managers Group Inc. Two hijacked commercial jetliners toppled the 110-story twin towers of the World Trade Center in New York and another crashed into the Pentagon in Virginia, shutting down air travel nationwide and disrupting shipments of everything from books to personal- computer parts. Many business leaders, angry at the attacks and the idea that they may precipitate a recession, are trying to reinforce an impression of business as usual. Cisco Systems Inc. Chief Executive John Chambers, expressing ``tremendous confidence in the financial systems of our country,'' said the computer-networking company will buy back as much as $3 billion in stock over two years. Lucent Technologies Inc. Chairman and Chief Executive Henry Schacht told employees in an e-mail that customers are already asking for products to restore damaged services. Charles Holliday, the CEO of DuPont Co., said disruptions of shipments were easing and he expected continuing demand for the chemical maker's products. Dial's Baum predicted earnings this year could be ``even a little stronger'' than its earlier forecast.