CEOs’ Outlook is Worst in Seven Years

Much like the economic state of mind of many consumers today, CEOs polled in a recent survey said they don’t have very much confidence in the state of the economy. Such was the finding of The Conference Board’s Measure of CEO Confidence survey for the fourth quarter of 2007. With a measure of 39, the confidence of chief executives reached a seven-year low (a reading of more than 50 points represents more positive than negative responses). The last time the measure fell below 40 was in the fourth quarter of 2000, when it stood at 31. Here are some more findings of the report: