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PRESIDENTIAL CAMPAIGN MISSING IDEAS TO SPUR ECONOMY, THREE IN FOUR GROWTH COMPANY CEOs MAINTAIN

 PRESIDENTIAL CAMPAIGN MISSING IDEAS TO SPUR ECONOMY,
 THREE IN FOUR GROWTH COMPANY CEOs MAINTAIN
 NEW YORK, Oct. 12 /PRNewswire/ -- Three in four CEOs of America's fastest growing companies claim none of the presidential candidates has put forward a sound economic idea or program that would spur the economy, according to Coopers & Lybrand's latest "Trendsetter Barometer" survey completed on Oct. 8.
 "In fact only 8 percent give high marks to President Bush's program; 5 percent, Gov. Clinton's program, and a mere 4 percent to Ross Perot," said George Auxier, national director of emerging business services for Coopers & Lybrand, the international accounting, tax and consulting firm.
 "Either the presidential candidates are not getting their messages out to the vast majority of growth company entrepreneurs or, worse, the CEOs interviewed don't believe their rhetoric," added Auxier. "This is an unusually downbeat reaction from a group of executives who tend to be optimists and visionaries."
 Of those one in four growth company CEOs who feel the candidates have expressed sound economic ideas or programs, nearly half (46 percent) cited various investment incentives, including a reduction in the capital gains tax (mentioned by 27 percent), small business incentive programs (12 percent) and reinstatement of the investment tax credit (8 percent).
 A smaller number of executives (20 percent) mentioned taxes, with tax reduction or the imposition of a flat tax the most popular ideas.
 Reducing the deficit was favored by 18 percent, with an even smaller group (14 percent) focused on reducing spending as a sound idea.
 "Although all of these proposals have been mentioned by one or more of the presidential candidates, very few growth company CEOs seem to be impressed by the candidates' overall programs," said Auxier. "Equally noteworthy -- by its omission in these CEO's lists -- is health care reform, which only 10 months ago this group told us was of vital concern to their businesses."
 Coopers & Lybrand's "Trendsetter Barometer" is developed and compiled by the firm's Emerging Business Services group with assistance from the opinion and economic research firm of Business Science International. At each Coopers & Lybrand office, an Emerging Business Services team is available to serve the needs of growing and midsize companies.
 One of the world's leading accounting, tax and consulting firms, Coopers & Lybrand provides solutions for businesses in a wide range of industries. The firm offers its clients the expertise of more than 17,000 professionals and staff in 100 U.S. offices and more than 67,000 people in 121 countries worldwide.
 Coopers & Lybrand's "Trendsetter Barometer" interviewed CEOs of 302 product and service companies identified in the media as the fastest growing U.S. businesses over the last five years. The surveyed companies range in size from approximately $1 million to $50 million in revenue/sales.
 -0- 10/12/92
 /NOTE TO EDITORS: Graphic art available upon request./
 /CONTACT: Maggie O'Donovan, 212-536-3174, or Clare DeNicola, 212-536-1700, both of Coopers & Lybrand/ CO: Coopers & Lybrand ST: New York IN: FIN SU: ECO


CK-OS -- NY036 -- 8836 10/12/92 11:55 EDT
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Publication:PR Newswire
Date:Oct 12, 1992
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