Government aid rewards mediocre management: Canadian CEOs
Nov 20, 2008
Find out what business leaders are thinking at canadianbusiness.com and in the pages of Canadian Business magazine on newsstands nowTORONTO, Nov. 20 /CNW/ - Government aid to prevent a bankruptcy merely rewards mediocre management and encourages firms to take risks under the belief government will bail them out in the event of insolvency, say 80% of business leaders in this week's Canadian Business CEO/Business Leader Poll. Every week, the Canadian Business magazine's CEO/Business Leader Poll asks small- and medium-size business executives tough questions like these on issues that affect all Canadian business people. Undertaken weekly by COMPAS on behalf of Canadian Business magazine, the poll results appear in print and weekly on canadianbusiness.com. This week's poll focused on the increasingly bleak economic outlook for Canada, which has put renewed pressure on governments to assist floundering companies, particularly auto manufacturers. We asked business leaders: Should governments intervene? If so, at what stage? To find out the full results and look through the archives of previous polls, click on The CEO Poll at canadianbusiness.com or pick up an issue of Canadian Business on newsstands. Some questions asked in recent CEO Polls: When should investors be getting back into the stock market game? Is Barack Obama the best leader for the U.S.? What about global warming and the carbon tax? Did the Bank of Canada do the right thing in slashing interest rates?Some recent findings form CEO polls: - If you're increasingly frustrated by the quality of customer service these days, you're not alone. Two-thirds of the 110 Canadian business leaders surveyed by COMPAS Inc. say the service quality at large companies is deteriorating. - Does employment insurance need reforming? Yes, say the majority of CEOs polled, in response to a recently released EI reform report. - A majority of business leaders the current financial situation is not as serious as that which led to the Great Depression. - CEOs were divided about when - and how - to get back into the turbulent market. Asked for the advice they would give to a young acquaintance looking to get into the stock market again, 40% of the respondents said now is the right time.The CEO/Business Leader Poll panel comprises CEOs and leaders of small, medium and large companies from across Canada. The poll is sponsored by BDO Dunwoody LLP. About Canadian Business magazine: Founded in 1928, Canadian Business is the longest-serving, best-selling and most trusted business publication in Canada. Canadian Business stands alone as the business magazine in Canada with 100% paid circulation. With a readership of more that one million, the magazine is published every second Monday, except in January, July and August, when monthly issues are published. Special annual issues of Canadian Business include the Investor 500, the MBA Guide, the Rich 100 and the Best and Worst Boards. Visit www.canadianbusiness.com.
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