More Executives See Signs of Recovery Following March Stock Market Rally
- Despite Acknowledging the 'Severe Recession,' Percentage of Executives Who Believe the Economy is Recovering Nearly Doubled in March -
When surveyed at the beginning of March, just seven percent of executives felt that the global economy was recovering, while more than three quarters (76 percent) said it was in severe recession. However, when re-asked the same question at the end of the month, 13 percent of executives felt the economy was recovering and those believing it was still in severe recession declined by nine percent (67 percent).
Other responses probed executive sentiment towards government involvement in corporate actions. Just 11 percent of executives feel that government is the most important player in leading us out of recession, while business (16 percent) and consumers (17 percent) earned slightly stronger support, and 56 percent believe that all three are equally important.
Forty-seven percent of executives are against compensations caps, while another 22 percent are neutral and just 31 percent are in favor. However, 60 percent of respondents believe that executives at government-supported companies should give back bonuses.
"We are all hoping that we have hit bottom and are on the way back up, but
our survey results show that executives are conflicted about the relationship
between business and government," said Joe Griesedieck, vice chairman and
managing director, CEO Services for
The Korn/Ferry International Executive Quiz is based on a global survey of
executives registered within the firm's online Executive Center,
ekornferry.com. Respondents from more than 70 countries, representing a wide
spectrum of industries and functional areas, participated in the most recent
Executive Quiz in
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