Trust Low in CEO Statements
The recession and stock market plunge of 2008 have taken a toll on people’s confidence in statements from corporate executives. That was one key finding of a Zogby 463 Interactive survey completed from May 29-June 1.
Most Americans, 75%, don’t believe statements of CEOs and CFOs about the the financial position of their companies are credible because they are reluctant to detail the real problems they face in the current economic environment. Just 15% believe CEO and CFO statements are the best source of information about a company’s financial outlook.
That number correlates with a similar question asked in a February 2009 Zogby/Vox Pop Interactive survey of investors. They rated financial information obtained from company announcements among the least valued, with just 11% finding this information worthwhile in helping them make profitable investment decisions.
Do you trust corporate executives to give honest appraisals about their companies? What sources do you find most valuable in making investment choices?
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No, I do not trust CEOs or CFOs to give appraisals of the their own companies. Their own books, however, are valuable if you look to see how much they spend on lobbying.
The fiction of the Idea that a corporation is a person. Is the biggest traversy shoved down the throats of american people. How can a corporation be allowed to lobby the goverment, when it exists only by the good will the state under which it incorporated, They can’t vote, be arrested nor hold public office. So tell me why are they allowed in the halls of congress in the first place?
@AbrahamBen Judea
Excellent points and question. The simplest answer is…political donations. Money = access.