Confidence suffers again.CONTINUING a fall for the third month straight, Chief Executive's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Confidence Index dropped by 4.7 points to 157.9, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. 255 top executives surveyed this month. The drop, while not huge, continues a marked fall from May, when the leading economic indicator leading economic indicator An economic or a financial variable that tends to move ahead of and in the same direction as general economic activity. Compare lagging economic indicator. See also index of leading economic indicators. stood at 210.6. One CEO respondent In Equity practice, the party who answers a bill or other proceeding in equity. The party against whom an appeal or motion, an application for a court order, is instituted and who is required to answer in order to protect his or her interests. , David Schmidt of Scan Health Plans SCAN (SCAN Health Plan) is an SHMO founded in Long Beach, CA in 1977. SCAN was formerly known as Senior Care Action Network. External links
Chief Executive also compiles sub-indexes by combining the six questions that make up the index in various ways. All of these component indexes fell except the Investment Confidence Index, which rose by 2.3 points to 134.1. Over 43 percent of respondents said they expected to increase capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. at their company over the next quarter. The Employment Confidence Index led the pack of losses this month, falling by 10.2 points. It currently rests at 171.3. Almost 10 percent (9.4 percent) of respondents said they would characterize current employment conditions as "bad," and 17.6 percent of respondents said they expect employment to decrease over the next quarter. This month, Chief Executive also conducted additional polling to discover personal characteristics about the men and women who lead the economy. They were asked to list their favorite book, their favorite activity for relaxation and their advice to the next generation of young entrepreneurs. For their favorite books, CEOs listed, in order, Good to Great by Jim Collins, The Bible, Atlas Shrugged by Ayn Rand Noun 1. Ayn Rand - United States writer (born in Russia) noted for her polemical novels and political conservativism (1905-1982) Rand , The World is Flat by Thomas Friedman Thomas Lauren Friedman, OBE (born July 20, 1953), is an American journalist. He is an op-ed contributor to The New York Times, whose column appears twice weekly and mainly addresses topics on foreign affairs. , and How to Win Friends and Influence People by Dale Carnegie. When listing their favorite activities, CEOs commonly listed, among other things, activities undertaken for personal benefits. They listed playing golf, reading, running, spending time "Spending Time" is the first single released by Christian artist Stellar Kart. The lyrics describe the band members desire to spend "more time with God". "Sometimes it’s a real struggle to spend time with God. with their families, and fishing as their top five favorite things to do. Finally, respondents were asked to give their best advice to the next generation of CEOs. Their responses varied from the personal to the practical, but several themes rang out in the comments of many CEOs. Certainly the most repeated advice was summed up thus: "Listen." Other CEOs voiced agreement, urging to-be CEOs to hear the thoughts of everybody: their customers, their employees, their families, and virtually anyone who would give an opinion. Other popular advice from CEOs was to "Have balance in your life. Integrate both your personal and professional life," and "Obtain experience in as many different functional areas as you can." Lastly, but not least voice was a call to strict ethical standards. One CEO, speaking for many, noted, "Demand 100 percent ethical behavior of yourself and others ... 99 percent doesn't count." RELATED ARTICLE: THE NUMBERS Top Five Books of CEOs [GRAPHIC OMITTED] Good to Great --by Jim Collins The Bible Atlas Shrugged --by Ayn Rand The World is Flat --by Thomas L. Friedman How to Win Friends and Influence People --by Dale Carnegie Top Five Activities for Relaxation Golf Reading Running Spending time with family Fishing |
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