Half of U.S. financial executives say the current economic climate is the worst they've seen in their careers, according to a new poll from Condé Nast Portfolio.
The poll, conducted in early October of top finance executives from across the country, shows 77 percent of executives in the sector are convinced their industry is in a state of crisis. More than half—56 percent—say the economy is in a significant recession, and 50 percent say the economy is the worst they've encountered. ( See an interactive feature of the data.)
In terms of the presidential election, neither Barack Obama nor John McCain gets a clear vote of confidence from finance executives: 18 percent have a lot of confidence in Obama's approach to dealing with the country's economic problems, while only 8 percent have a lot of confidence in McCain's approach to the same issues; 42 percent have hardly any confidence in Obama, while 24 percent have hardly any in McCain.
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2 comments:
Who are the "financial executives" who participated in this poll, what were their bonuses last year, and what role did they play in the current financial crisis?
S. A.
All good questions. Apparently the full results will be published in the December issue of Conde Nest Portfolio.
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