Heartened CEOs see better economic times ahead, survey says

The Conference Board Measure of CEO Confidence in regard to economic conditions improved during the second quarter, jumping to 55, from 30 the previous quarter.
JUL 09, 2009
The Conference Board Measure of CEO Confidence in regard to economic conditions improved during the second quarter, jumping to 55, from 30 the previous quarter. A reading of more than 50 points reflects more positive than negative responses. The index is based on a survey of about 100 business leaders in a wide range of industries nationwide. Of those surveyed, 32% felt conditions had improved from six months earlier, up from 0% during the first quarter. And close to 55% of CEOs expected conditions to improve in the next six months, up from 17% in the last quarter. Among those that expected an increase in profits, 56% said the reason was cost reductions, 33% gave credit to market demand and growth, 7% cited new technology, and 4% they were due to price increases. The survey, by The Conference Board Inc., a business membership and research network in New York, was conducted from mid-May to mid-June.

Latest News

Finra's Reg BI Enforcement: Is it 'ineffective, costly'?
Finra's Reg BI Enforcement: Is it 'ineffective, costly'?

The industry watchdog's own reports reflect failures to deter "willful" and "repeat" violations, raising a crucial question about the future of regulation.

SEC prepares to back away from defending climate rule in court
SEC prepares to back away from defending climate rule in court

Acting Chairman Mark Uyeda directed SEC staff to initiate a pause in court while the commission awaits a quorum. The SEC may decide to withdraw from defending itself in a lawsuit over last year's climate disclosure rule.

wealth.com welcomes Kathy Wunderli in private wealth push
wealth.com welcomes Kathy Wunderli in private wealth push

The top estate planning platform's veteran hire will lead its legal team's efforts to develop estate planning, tax analysis, and wealth transfer solutions for ultra-high-net-worth clients.

Morgan Stanley loses $843,000 investor claim stemming from 'gold bar' scam
Morgan Stanley loses $843,000 investor claim stemming from 'gold bar' scam

“If Morgan Stanley had called my client’s son, this wouldn’t have happened,” the investor's attorney said.

LPL welcomes $630M sibling advisor duo from Corebridge
LPL welcomes $630M sibling advisor duo from Corebridge

Meanwhile, Ameriprise has bolstered its own ranks as an LPL defector joins its branch channel in California.

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.

SPONSORED Why wealth advisors should care about the future of federal tax policy

Blue Vault features expert strategies to harness for maximum client advantage.