New study highlights CEOs decision to make many changes in their business to help economic recovery...
By Dean Tsouvalas & Michaela St. Onge
An expansive recovery of the U.S. economy is on the horizon in 2010, according to nearly half of almost 300 CEOs surveyed in the NYSE Euronext CEO Report 2010, “The Road to Recovery.” A large majority of the executives surveyed agree business tax cuts would help their companies and the economy recovery.
For the first time in five years, one theme dominates the NYSE CEO Report, placing this study in a different category than those previously conducted. The economic turmoil emerges in almost every response, highlighting CEOs’ decisions to make changes to many areas of their businesses.
Notable highlights from CEO reports include:
The study concludes with corporate social responsibility and reputation. The CEOs explain the most important corporate responsibility is ensuring all labor practices are ethical, and the best way to ensure those practices is by improving company practices and executive behavior.
Above all, the NYSE report demonstrates that “Global CEOs are responsibly addressing the challenges brought on by the financial crisis, and are employing genuine operational discipline and planning for the future…The results show that CEOs throughout the world want to do their utmost to contribute to the recovery and to be part of the solution,” adds Duncan L. Niederauer, CEO of NYSE Euronext.