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Ronald Perelman talks to FT

In a video interview with FT.com, Mr Perelman discusses the economic climate, his perception of stock market sentiment and his efforts to turn Revlon round. Edited highlights are given below.

How worried are you by the recent stock market volatility?

I’m less worried now than I was previously because I think the Fed has now recognised the problem and is responding to it. In the next few weeks you’re going to see more opportunities than issues.

Do you think the Fed was slow to act?

Yes. The Fed’s been slow to act in several areas, but the rate decline is one in particular.

Do you think the Treasury’s idea of a fiscal stimulus is good?

It’s a good idea. Part of it is probably too little too late, but that can be adjusted. Congress and the president may have waited too long to recognise the issue. But I think they’re on board now. The economy is basically strong if you look at the performance of individual companies.

read the rest published by FT here:

http://www.ft.com/cms/s/0/502dde40-cae7-11dc-a960-000077b07658.html