CEO confidence dips; governors sound like Obama; time to launch that corporate blog
Execs are totally bummed out: Corporate executives’ confidence in their ability to grow their companies’ revenue is plummeting, according to a new PricewaterhouseCoopers survey released at the World Economic Forum in Davos last week. The drop in confidence was most pronounced among Chinese execs. Only Indian execs showed a stable level of confidence in their businesses.
Banks are still lending, says JPMorgan CEO: “Are U.S. banks to blame? Of course,” says JPMorgan Chase CEO Jamie Dimon of banks’ role in the financial crisis. Speaking to a forum sponsored by Crain’s New York Business, Dimon observed that Wall Street “got a little exuberant,” but added he doesn’t agree that President Obama—who decried the giant bonuses for financial execs—should “paint us with the same brush.” Read more about Dimon’s speech here.