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Monday, September 17, 2007

CEO Confidence Hits All-Time Low

According to a Q3 2007 Vistage CEO Confidence Index by Vistage International, CEO confidence has hit an all time low since their research began in 2003.

Key findings:

  • Chief executives of small- and mid-sized businesses are becoming increasingly concerned about the turmoil in financial markets and the effects it may have on their businesses.
  • The concern is not only about the economy, but also about the availability and cost of credit to their companies.
  • Because of this, executives plan to put some of their planned investments on hold for the remainder of the year.
  • One-third of all firms noted finding and retaining qualified staff is still the most significant problem they face.

BOTTOMLINE: Overall, the survey indicates business leaders expect a slowdown, but not a turndown in the economy. Companies still expect strong growth in their revenues, and have no plans to cut payroll. Just like the prior quarter, recruiting and retaining talent is the most important challenge executives face, although uncertainty about the economy may also slow hiring.

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