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http://biz.yahoo.com/prnews/040202/nym161_1.htmlTwo-Thirds of U.S. CEOs Say Current Environment Is Making Them Risk Averse, According to PricewaterhouseCoopers' Seventh Annual Global CEO Survey
Monday February 2, 10:16 am ET
- Compliance Focus Inhibiting Risk Taking -
NEW YORK, Feb. 2 /PRNewswire/ -- Although U.S. CEOs remain confident about their prospects for revenue growth this year, more than two-thirds (68 percent) believe the current environment is making companies risk averse, according to PricewaterhouseCoopers' Seventh Annual Global CEO Survey.
More than 9 in 10 U.S. CEOs are confident about their prospects for revenue growth over the next 12 months -- with 37 percent saying they are "very confident" -- and 85 percent say they will meet or exceed their profit targets this year.
But almost four in ten (39 percent) think the business environment is riskier now than it was a year ago. And a large minority (44 percent) acknowledges that their own companies are less risk-oriented than they were 12 months ago. In fact, only 5 percent of U.S. CEOs say they are taking significantly more risks, with fewer than 4 in 10 (39 percent) saying they are taking "somewhat" more risks.
The survey also found that U.S. CEOs see overregulation as a big threat, with almost half (49 percent) voicing that concern.