Macy’s CEO Lobbies White House, Friends to Stave Off Port Strike

Macy's CEO Terry Lundgren said he's increasingly concerned about the threat of a labor strike at West Coast ports, so he's enlisting retail heavyweights to lobby the White House for help. After Lundgren and the National Retail Federation urged President Barack Obama to take action, the executive said he also sought the help of friend Doug McMillon, the CEO of Wal-Mart.