Chief executives of companies with less than $500 million in
revenue listed on NYSE Euronext exchanges are the most bullish
about their growth prospects through 2011, according to the newly
released NYSE Euronext CEO Report. Themed “Back to Business,” the
study finds that four in 10 (38%) CEOs of small and medium-sized
enterprises (SMEs) expect significant growth within their
companies. Globally, eight in 10 CEOs say they expect either a
significant or modest improvement in the growth of their businesses
through 2011, a positive indicator of a turning point in the health
of the global economy.
“NYSE Euronext CEO Report represents the shared perspectives of
corporate leaders on topics ranging from globalization and
governance to strategy and human resources as well as economic
crisis and recovery," said Duncan Niederauer, CEO of NYSE Euronext.
“While the participating CEOs express the fact that there remains a
great deal of work yet to be done, their renewed optimism and
confidence in the growth of their businesses is an indication that
the economy is headed in the right direction.”
“Innovation and entrepreneurship have always been the key
ingredients for the success of emerging business,” added Jeff
Resnick, Global Managing Director, Opinion Research Corporation,
which conducted the study on behalf of NYSE Euronext. “The optimism
expressed by these CEOs continues this tradition. The confidence of
these business leaders is a key ingredient to the economic recovery
we are beginning to see.”
In addition outside the U.S., four in 10 CEOs say they expect a
significant improvement in the growth of their business through
2011 – almost twice that of U.S. CEOs (see interactive chart*).
These findings, and a range of others on topics ranging from
global trade and governance to investor and employee relations,
were released today in nyse magazine and are now available at
www.nysemagazine.com. Visit www.nysemagazine.com/ceo-report for the
full report, including interactive charts. The table of contents
for nyse magazine can also be found here:
http://www.nyse.com/attachment/nyse_magazine_email_ceoreport.htm
To help launch this year’s study, NYSE Euronext today is hosting
a CEO roundtable. Entitled “Ready to Grow,” this event will bring
together a handful of CEOs from multiple industries for a
peer-to-peer discussion about their strategies for growth in the
current economic and financial climate. The roundtable will be
recorded, transcribed and edited for publication in the 4Q issue in
nyse magazine and on http://www.nysemagazine.com.
"While economic conditions continue to be challenging, we have
significantly reduced the cost of doing business thereby providing
the resources necessary to drive innovation, expand access to
markets and focus on sales. We believe this will lead to profitable
growth in the foreseeable future," stated John K. Morgan, Chairman,
President and CEO of Zep Inc. (NYSE:ZEP).
Spending Again
After cutting back in all but a handful of budgetary areas in
2009, CEOs this year anticipate budget increases in nearly all
categories for the year ahead, another indication that they are
planning for growth. Spending in areas such as technology and
environmental and regulatory compliance are expected to increase 10
percent or more (see interactive chart*).
Customers, Investors, Employees
When asked about the success of prospecting and retaining
customers and investors in the current economic environment, only
25% of CEOs said it is easier to attract customers, while 36%
believed it would be easier to attract investors compared to last
year (see interactive chart*). However, reflecting some of the
difficulties in Europe, CEOs there versus those in other markets
believed attracting customers and investors in their region would
be difficult.
Further proof of business growth is the underlying finding that
CEOs globally say it is easier to retain employees. Three in four
(76%) U.S. CEOs and three in five (60%) European CEOs find it
easier to attract and retain employees this year than in prior
years.
This year’s NYSE Euronext CEO Report is based on interviews
conducted during March 2010 with 325 CEOs of companies listed on
NYSE Euronext exchanges covering a wide range of industries and
geographies. With 44% of respondents based outside the United
States, this year’s survey is designed to capture insights from
CEOs around the world on how the past economic challenges may have
impacted current and future business plans.
Other key findings of the report are provided below.
Employment
Recovery
Nearly half of the CEOs surveyed expect to be adding to their
workforce through 2011, with those based outside of the U.S. and
Europe being the most likely to hire more people. More than six out
of 10 CEOs in Asia and Latin America said they plan to expand their
workforce, while only four in 10 European and U.S. CEOs plan an
expansion. http://www.nyse.com/press/1276165872633.html
Global Economic
Recovery
The CEOs who rated the global economic conditions as poor
dropped by 47 percent from last year, while those who viewed
conditions as “good or excellent” increased by 3 percent. The
ratings remained unchanged since March. CEOs, however, were
downbeat about the strength of the economic recovery in their own
countries. Half of the CEOs rated the state of their own economic
recoveries as weak or worse. Their pessimism, however, has abated
since March, when nearly six in 10 CEOs viewed their recoveries as
weak. http://www.nyse.com/press/1277287347988.html
Succession Planning, Corporate
Reputation and Investor Confidence
The study finds that approximately two-thirds of U.S. companies
have formal succession plans for the CEO role, compared to 14% of
European companies. While three of four CEOs feel they do enough to
protect their companies’ reputations, those surveyed believe the
most important characteristics that would have a positive impact on
their company’s reputation are honesty, integrity, ethics,
transparency and leadership by example.
http://www.nyse.com/press/1278497122821.html
*To view corresponding charts and additional analysis, including
a brief video segment with Opinion Research Corporation’s Global
Managing Director Jeffrey Resnick, visit:
http://www.nysemagazine.com/ceosurvey
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial
markets and provider of innovative trading technologies. The
company's exchanges in Europe and the United States trade equities,
futures, options, fixed-income and exchange-traded products. With
approximately 8,000 listed issues (excluding European Structured
Products), NYSE Euronext's equities markets – the New York Stock
Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca –
represent one-third of the world's equities trading, the most
liquidity of any global exchange group. NYSE Euronext also operates
NYSE Liffe, one of the leading European derivatives businesses and
the world's second-largest derivatives business by value of
trading. The company offers comprehensive commercial technology,
connectivity and market data products and services through NYSE
Technologies. NYSE Euronext is in the S&P 500 index, and is the
only exchange operator in the S&P 100 index and Fortune 500.
For more information, please visit: http://www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements,
including forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include, but are not limited to,
statements concerning NYSE Euronext’s plans, objectives,
expectations and intentions and other statements that are not
historical or current facts. Forward-looking statements are based
on NYSE Euronext’s current expectations and involve risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied in such forward-looking statements.
Factors that could cause NYSE Euronext’s results to differ
materially from current expectations include, but are not limited
to: NYSE Euronext’s ability to implement its strategic initiatives,
economic, political and market conditions and fluctuations,
government and industry regulation, interest rate risk and U.S. and
global competition, and other factors detailed in NYSE Euronext’s
reference document for 2009 ("document de référence") filed with
the French Autorité des Marchés Financiers (Filed on April 22, 2010
under No. D.10-0304), 2009 Annual Report on Form 10-K and other
periodic reports filed with the U.S. Securities and Exchange
Commission or the French Autorité des Marchés Financiers. In
addition, these statements are based on a number of assumptions
that are subject to change. Accordingly, actual results may be
materially higher or lower than those projected. The inclusion of
such projections herein should not be regarded as a representation
by NYSE Euronext that the projections will prove to be correct.
This press release speaks only as of this date. NYSE Euronext
disclaims any duty to update the information herein.
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