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66 Percent of CEOs Plan to Freeze or Downsize Workforce Size
ChiefExecutive ^ | August 11, 2011

Posted on 08/19/2011 6:28:28 PM PDT by 2ndDivisionVet

Despite a politically and economically tumultuous start to the month of August, CEO confidence stayed steadily pessimistic. Although the index did rise – for the first time in months and by only 0.4 percent—it still remains at a low 5.30 out of a possible 10. The Index, Chief Executive’s monthly gauge of CEOs’ perceptions of overall business conditions, has seen a 17 percent drop from February’s 2011 high of 6.39. Now, only 45.3 percent of CEOs expect business conditions to be at least ‘good’ in the next year, up from July’s 41 percent.

Despite the debt ceiling drama and the S&P’s downgrade, the view of current conditions only dropped .01 from July to 4.64 out of 10.

One CEO attributes the steady, albeit tepid, numbers to individual company performances versus business conditions as a whole, “Individual companies may do well coming out of the recessions, but the cyclical economy will accelerate. This will be exacerbated by poor domestic policy in a world of countries hungry to compete.”

Expectations for the future remain wary and generally pessimistic. Fewer chief executives expect to see an increase in revenue over the next year as compared to July; only 59.11 percent expect a revenue increase versus July’s 60.6 percent. This is a 20 percent drop from April when 74 percent of CEOs expected to see increased revenues.

Just over half of CEOs do, however, expect to see an increase in profits, a slight improvement over last month. In July, 52 percent of chief executives expected a profit increase, whereas 53.13 expected a profit increase in August.

July’s better-than-expected unemployment numbers also seem to be echoed here. The unemployment rate moved down slightly to 9.1 percent and 34.43 percent of CEOs expected to increase hiring over the next year (although the 66 percent majority of CEOs don’t expect to increase hiring).

Following the debt ceiling circus, attitudes toward the government have remained sour. One CEO said, “As I approach my 44th year in business, the last 20 as CEO, I can never remember a time when I felt so disenfranchised from our leadership in Washington. They seem determined to continue their ongoing anti-business attitude and to frustrate small and mid-sized businesses by uncertainty on taxes, government regulations, and simply too many bureaucratic restrictions. We desperately need a change in Washington.”

CEO Confidence Index — August 2011

(CHARTS AT LINK)


TOPICS: Business/Economy; Culture/Society; Extended News; Front Page News; Politics/Elections
KEYWORDS: 0firepersons; 0planners; 0police; 0teachers; barackalypsenow; bhoeconomy; democrats; economy; hopeychangey; nobama; nobama2012; obama; obamadepression; obamageddon; recession; unemployment
Hey! What a great time to take a 10 day luxury vacation!!
1 posted on 08/19/2011 6:28:34 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

That’s okay. Barack the Kenyan has “a plan” that he’s going to “unveil” when he comes back from his vacation. We’re all getting jobs with the federal government!!!


2 posted on 08/19/2011 6:31:11 PM PDT by FlingWingFlyer (Americans need to wean their government off of its dependence on foreign money.)
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To: 2ndDivisionVet

I don’t think the heat from this will go away that quick....


3 posted on 08/19/2011 6:31:45 PM PDT by himno hero (Obamas theme...Death to America...The crusaders will pay!)
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To: 2ndDivisionVet

Tax uncertainty, regulations, restrictions and anti-business policies take a lot of work. The Cretin-in Chief needs to relax.


4 posted on 08/19/2011 6:34:14 PM PDT by A message
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To: 2ndDivisionVet
Obama policies leave them strangled. They have no choice but to cancel new jobs.
5 posted on 08/19/2011 6:34:59 PM PDT by allmost
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To: 2ndDivisionVet

Hank Rearden, you are a dumbass. love Barack


6 posted on 08/19/2011 6:35:30 PM PDT by waterhill (Little 'r' republican: taker of the Founder's 'Red Pill'...www.mikechurch.com)
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To: 2ndDivisionVet

A friend of mine got laid off today.

How bad does the economy have to be for a friggin’ MORTICIAN to get laid off???


7 posted on 08/19/2011 6:36:00 PM PDT by null and void (Day 938. The mob is decisive when the law is not.)
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To: FlingWingFlyer

His plan is the destruction of the United States. Count on it. This guy has to be removed from office so this country and its people can start putting things back on the road to prosperity. I don’t believe we can wait until the next election. Congress needs to stand up and say enough. Even Democrats are beginning to see what this President is doing. It has to stop and stop now.


8 posted on 08/19/2011 6:36:00 PM PDT by RC2
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To: 2ndDivisionVet

Isn’t that what they have been doing?


9 posted on 08/19/2011 6:37:57 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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Hope for Spare Change


10 posted on 08/19/2011 6:38:51 PM PDT by dsrtsage (One half of all people have below average IQ...In the US the number is 54%)
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To: null and void

More people cremating because they can’t afford funerals?

I always thought the death business was recession proof!


11 posted on 08/19/2011 6:39:36 PM PDT by TSgt (When in the Course of human events...)
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To: 2ndDivisionVet

12 posted on 08/19/2011 6:41:48 PM PDT by Realman30 ("I've already made a donation to Haiti. It's called taxes". . . . El Rushbo.)
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To: 2ndDivisionVet

Forget it, we won’t see a hope of real recovery until the Kenyan Klown is out of office, if even then.


13 posted on 08/19/2011 6:42:19 PM PDT by YankeeReb
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To: 2ndDivisionVet

I keep saying that this kind of economic disaster would force a resignation of the Prime Minister in every parliamentary system, and likely the 1st Secretary of the Party in most Communist systems of yore, if you know your history of Communism. Here in Paradise, we are stuck with the f***er for 4, and given the flaws of our system, for 8 years.


14 posted on 08/19/2011 6:42:58 PM PDT by Revolting cat! (Let us prey!)
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To: 2ndDivisionVet

Opening sentence in the article:
DESPITE a politically and economically tumultuous start to the month of August, CEO confidence stayed steadily pessimistic.

Wouldn’t it make more sense to say:

BECAUSE OF a politically and economically tumultuous start to the month of August, CEO confidence stayed steadily pessimistic ?


15 posted on 08/19/2011 6:43:28 PM PDT by ngat
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To: ngat

Probably what they meant. Some 23 year old intern or junior reporter I’m guessing. No one has editors anymore.


16 posted on 08/19/2011 6:46:55 PM PDT by 2ndDivisionVet (I'll raise $2million for Gov. Sarah Palin. What'll you do?)
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To: 2ndDivisionVet

Don’t you see that it’s the evil corporations and rich people (150,000+) that are doing this!! Oh....and lack of Health Care!.....Oh.....and Global Smarming!......and.....RACISM!


17 posted on 08/19/2011 6:46:55 PM PDT by Dallas59 (President Robert Gibbs 2009-2011)
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To: 2ndDivisionVet
More like an affirmative action hire.
18 posted on 08/19/2011 6:50:20 PM PDT by Realman30 ("I've already made a donation to Haiti. It's called taxes". . . . El Rushbo.)
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To: 2ndDivisionVet

Obamacare, Obamacare, Obamacare.


19 posted on 08/19/2011 6:52:11 PM PDT by Huskrrrr
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To: 2ndDivisionVet

Thank you, Obamacare.....

Aren’t you glad Democrats in Congress didn’t bother reading the bill, before passing it?


20 posted on 08/19/2011 6:56:35 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: 2ndDivisionVet

I couldn’t have come up with a more poisonous agenda for recovery than Obama has.

There is plenty of pent-up demand here in the US. Cash sitting on the sidelines. Hungry people wanting to work; the newcomers and recent grads, the older folks wanting to have some assurances for their future, the tradesmen who have been idled by the downturn, etc.

They are all like horses in the gate, ready for the signal.

Its coming in November 2012. You betcha!


21 posted on 08/19/2011 7:02:05 PM PDT by One Name
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To: TSgt
More people cremating because they can’t afford funerals?

Yes, worse, a large percentage aren't even buying urns.

I always thought the death business was recession proof

I thought so too. Apparently not...

22 posted on 08/19/2011 7:11:43 PM PDT by null and void (Day 938. The mob is decisive when the law is not.)
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To: 2ndDivisionVet

I don’t normally play grammar police. I don’t want to be that guy.


23 posted on 08/19/2011 7:12:15 PM PDT by ngat
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To: 2ndDivisionVet
Once the stock market started to tank from mid-July on, I knew bad things were going to happen.

Indeed, right now just in the USA companies are now sitting on US$2 TRILLION in liquid assets and not using them, out of fear of the declining economy and paying for increasing government regulations/mandates from the Obama Administration. I think there is increasing fear we could see a repeat of what FDR did--force private holders of precious metals to give up coins and bullion blocks but go one step further: seize a large fraction of the companies' liquid asset holdings, essentially centralizing control of the US economy altogether.

24 posted on 08/19/2011 7:17:20 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: 2ndDivisionVet
"66 Percent of CEOs Plan to Freeze or Downsize Workforce Size"

That's a good idea. ;-) So really, who is John Galt: effete metrosexual manager or ditch digger and backyard mechanic?


25 posted on 08/19/2011 7:49:50 PM PDT by familyop (Behold the genius in contemporary political speech.)
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To: RC2
Congress needs to stand up and say enough.

Congress is like a fa*t in the wind until the people say enough...and they stand up.

26 posted on 08/19/2011 7:53:59 PM PDT by caww
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To: RayChuang88

If I remember correctly, not only did FDR grab the gold but he also had a tax on “retained earnings” passed to grab even more. His rationale was that the corporations should be using that money to create jobs even if they were precluded from doing it realistically through government interference and control.


27 posted on 08/19/2011 7:54:24 PM PDT by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
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To: 2ndDivisionVet

66%?! That’s not much, only 2/3, not like it’s a majority or somthing...


28 posted on 08/19/2011 8:03:52 PM PDT by GalaxieFiveHundred
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To: 2ndDivisionVet

Fed up with Obama and Congress? SO AM I!!
http://www.youtube.com/watch?v=WhkyRZoHlTM


29 posted on 08/19/2011 8:28:50 PM PDT by Dick Bachert (The 2012 election is coming. Seems we have MORE TRASH TO REMOVE!)
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To: 2ndDivisionVet

Altogether now: The tax rates in Feb 2012 will be?

Crickets? Do I hear crickets?

There’s your problem, Zero. Nobody has the slightest idea what kind of unholy Hell you’re plotting next. And that’s why your next job will be in the Twilight Zone.


30 posted on 08/19/2011 8:45:00 PM PDT by Rembrandt (.. AND the donkey you rode in on.)
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To: 2ndDivisionVet
"They seem determined to continue their ongoing anti-business attitude and to frustrate small and mid-sized businesses by uncertainty on taxes, government regulations, and simply too many bureaucratic restrictions. We desperately need a change in Washington.”

Another example of The Rising Tide of Racism in America! (trademark)

31 posted on 08/19/2011 8:51:47 PM PDT by 17th Miss Regt
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To: One Name

Without o-POS the flood gates could open. However, most of the clap trap that this bunch of vermin have passed needs to be repealed and then some. Not only is to o-POS agenda a black cloud over the country so is a whole heck of a bunch of other stuff... just kill off the EPA, OSHA, DOE, HUD, HHS ETC.

I have been planning a new business venture with every intention of a product Made in America. By the time I got through with the business plan and all the crap it takes to get things done here... it’ll probably be made in China or somewhere. No matter what, the climate is wrong with o-POS in the District of Corruption.

Some of the latest labor “right” stories are enough to scare you to death. You can’t even fire terrible employees without some damn labor judge making them eligible for unemployment. The state insurance funds are so broke they are coming back on the employer for unemployment.


32 posted on 08/19/2011 8:57:01 PM PDT by Sequoyah101 (Half the people are below average.)
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To: 2ndDivisionVet

>> Freeze or Downsize Workforce Size, 2ndDivisionVet wrote:
Hey! What a great time to take a 10 day luxury vacation!!

If the American Revolution was at the direction of this idiot...


33 posted on 08/19/2011 9:11:02 PM PDT by Gene Eric (Your Hope has been Redistributed. Here's your damn Change!)
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To: 2ndDivisionVet

Welcome to Obama’s reality, class of 2012. Good luck finding a job that does not involve flipping burgers or stocking shelves, if you can find those.


34 posted on 08/19/2011 10:12:13 PM PDT by matt04
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To: 2ndDivisionVet
66 Percent of CEOs Plan to Freeze or Downsize Workforce Size

From what I understand, 70% of corporate political donations (and I would venture to say the same percentage of CEO's) went to demoRAT in 2008's elections, especially to 0dumb0 the commie pig candidate at the time.

I work for a large multi-national corporation and our CEO was just slobbering over 0dumb0 during the 2008 election timeframe and especially during the "heady" first 6-7 months of 0bumb0 slamming his trillion dollar programs through Congress with complicity of demoRAT socialists, and racking up a record $4 trillion deficits in his first 24 months. Odumb0 was featured predominantly on our corporate intranet company website during the first 4-5 months of 2009, which was a first to have a blatant partisan politician like 0dbumb0 featured EVERY DAY on our company intranet website for those first 4-5 months of 2009. Unbelievable! I don't remember GW Bush's name even being ever mentioned on our intranet company website in 8 years of his time in office, unless it likely done so in a negative, critical way.

So my questions to this CEO and the other 70% dumb ass CEO's who contributed & voted for the kenyan commie pig, are this.... WTH were you thinking, you bunch of dumb asses? You elect a guy to be president simply because he is black (well 1/2 black, we won't consider the 1/2 white)? How stupid can you CEO's (including my company CEO) be? Did you ever stop to ask yourself what the commie pig has ever accomplished or achieved, besides being the perfect affirmative action candidate and a radical socialist commie pig?

Personally I would love to take the 70% CEO's and their top execs who voted for 0dumb0, into separate rooms, and just beat the living sh_t right out of them for being so stupid to contribute financially and put this unaccomplished, radical, commie pig into the highest office of the greatest nation in the history of the world.

Another personal opinion, I would bet that most of the 70% CEO's who supported 0dumb0 in 2008, will do so again in a heartbeat in 2012.

These CEOs are immoral, unprincipled, devious, deceptive & greedy, and have no personal moral convictions or standards, other than their own privileged hedonistic lifestyles. They contribute more money to demoRATs including 0dumb0, because they take advantage of the Pay to Play game. The more money they give to demoRATs & Odumb0, the more insider access they will be given to the WH or free junkets with congressional senators or House reps at taxpayers expense. Repubs don't play the Pay to Play game as much or effectively as the demoRATs and therefore less CEO donations flow to Repubs.

That's the incestuous nature of Big Business's relationship & workings with Big Gubmint under the regime of 0dumb0. You want influence or an audience with 0dumb0? You gotta pay first!

35 posted on 08/19/2011 11:36:35 PM PDT by rcrngroup
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To: null and void

“How bad does the economy have to be for a friggin’ MORTICIAN to get laid off???”

Obama has triumphed over racism, economic turbulence, and now death itself!


36 posted on 08/20/2011 1:29:09 AM PDT by kearnyirish2
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To: One Name

“They are all like horses in the gate, ready for the signal.”

The CEOs are as well, waiting to hire the Hispanics that are no longer being deported.


37 posted on 08/20/2011 1:31:12 AM PDT by kearnyirish2
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To: ngat

Not if English isn’t your native tongue or... if you’re a liberal flak.


38 posted on 08/20/2011 3:03:56 AM PDT by 1010RD (First, Do No Harm)
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To: ngat

Not if English isn’t your native tongue or... if you’re a liberal flak.


39 posted on 08/20/2011 3:04:12 AM PDT by 1010RD (First, Do No Harm)
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To: ngat

Hello, That Guy.


40 posted on 08/20/2011 3:05:08 AM PDT by 1010RD (First, Do No Harm)
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To: null and void
How bad does the economy have to be for a friggin’ MORTICIAN to get laid off???

It has to be really dead out there, I guess.

41 posted on 08/20/2011 3:35:38 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: 1010RD

Darn it. Have I grammar-policed you before? Sorry.

Because of your post, I took the time to read further into the poorly written article, and what the anonymous author actually meant was : Despite a politically and economically tumultuous start to the month of August, CEO confidence stayed steadily OPTIMISTIC, - not pessimistic.


42 posted on 08/20/2011 5:50:32 AM PDT by ngat
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To: matt04
Good luck finding a job that does not involve flipping burgers or stocking shelves, if you can find those.

Stocking shelves? With what?

Note the empty pallets...

43 posted on 08/20/2011 8:14:12 AM PDT by null and void (Day 938. The mob is decisive when the law is not.)
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To: rcrngroup
I think your assessment of CEOs as greedy, unprincipled, and selfishly enraptured in their own avarice is generally true but more broadly applicable to the human condition as a whole. Successful CEOs are simply in a stronger position to bring it to fuller expression.

(Of course there are exceptional, quality CEOs as well.)

44 posted on 08/20/2011 11:24:22 AM PDT by Lexinom
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To: null and void

Think of all the jobs that were created or saved to carefully and artfully arrange all those empty pallets.

Without Obama that person might be unemployed now, just like the hundreds of workers who would be loading moving and unloading those pallets.


45 posted on 08/20/2011 12:58:21 PM PDT by matt04
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To: Sequoyah101

You got it! None of those federal agencies can hang their hat on an article of the Constitution authorizing their activity.

Eliminate them.


46 posted on 08/20/2011 9:18:39 PM PDT by One Name
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To: kearnyirish2

They may find some young citizens fighting for those jobs much as the young Irishmen once muscled their way into the American landscape...


47 posted on 08/20/2011 9:22:23 PM PDT by One Name
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To: One Name

“They may find some young citizens fighting for those jobs much as the young Irishmen once muscled their way into the American landscape...”

The Irish were lucky in arriving at a time when the US needed soldiers, miners and railroad laborers; the last relative of mine to come over had to serve a tour in Vietnam before being granted citizenship.

A key difference is that the Irish were legal.


48 posted on 08/21/2011 12:15:24 PM PDT by kearnyirish2
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