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
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
About The Korn/Ferry Institute
The Korn/Ferry Institute was founded to serve as a premier global voice on a range of talent management and leadership issues. The Institute commissions, originates and publishes groundbreaking research utilizing Korn/Ferry’s unparalleled expertise in executive recruitment and talent development combined with its preeminent behavioral research library. The Institute is dedicated to improving the state of global human capital for businesses of all sizes around the world.
About Korn/Ferry International
Korn/Ferry International (NYSE: KFY), with more than 90 offices in 40 countries, is a premier global provider of talent management solutions. Based in
SOURCE Korn/Ferry International