Discover 2009 Annual Report Download - page 5

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To Our Shareholders,
For much of the past two years, we—as a nation, as businesses and as
individuals—have been navigating our way through the longest and one of the
most severe recessions since the 1930s. As we enter 2010, the economy appears
to have stabilized; however, unemployment levels are high, housing prices remain
depressed, and many Americans are still struggling to make ends meet. Clearly,
we are not out of the woods yet.
While we continue to manage through near-term challenges, Discover is also
focused on the future. With our customers, shareholders and employees in mind,
we plan to build on our strengths as we strive to become the leading direct
banking and payments company.
“Our mission is to help
people spend smarter,
manage debt better and
save more so they achieve
a brighter fi nancial future.”
David Nelms
Chairman and Chief Executive Offi cer