U.S. CEOs have significantly more faith in current U.S. economic
conditions than the average citizen, according to a recent survey by
Opinion Research. Just 37 percent of American adults rate current
conditions as excellent or good vs. 84 percent of U.S. CEOs. CEOs at
non-U.S.-based companies also have a less ardent opinion of the U.S.
economy than their American-based peers, with just 51 percent rating its
health good (none rated it excellent).
Other highlights from the NYSE CEO Report 2008, which surveyed 240
CEOs of New York Stock Exchange listed companies, include:
* Nearly half of the surveyed CEOs (48 percent) cited global trade
as having a favorable effect on their organizations as compared with 38
percent in the 2007 report.
* Ninety-four percent of U.S. CEOs and 79 percent of non-U.S. CEOs
believe changes in the American legal system that would lower litigation
risks would increase the competitiveness of U.S. capital markets.
* Nearly three in four CEOs of companies based outside the U.S.
think their role is more rewarding than it used to be; only half of the
CEOs at American-based companies agree.
* Forty-seven percent of NYSE CEOs say their companies have moved
operations offshore at some time. Three in four rate off shoring a
success, with just 3 percent reporting that it failed to achieve goals.
Perceptions of the U.S. Economy
All U.S. Adults*
Poor 21%
Excellent 8%
Good 29%
Fair 42%
Excellent/Good 37%
Fair/Poor 63%
CEOs of U.S. Companies
Fair 15%
Poor 1%
Excellent 10%
Good 74%
Excellent/Good 84%
Fair/Poor 16%
CEOs of Non-U.S. Companies
Poor 2%
Good 51%
Fair 47%
Excellent/Good 51%
Fair/Poor 49%
1,035 adults 18+ were asked: "How would you rate economic conditions in
the United States today--excellent, good, fair or poor?"
Source: Opinion Research/Caravan study conducted March 30-April 2, 2007
Note: Table made from pie chart.
COPYRIGHT 2007 Chief Executive
Publishing Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
Copyright 2007, Gale Group. All rights
reserved. Gale Group is a Thomson Corporation Company.
NOTE: All illustrations and photos have been removed from this article.