Government and the global CEO: Redefining success
As confidence collapsed in the wake of the global financial crisis, with CEOs somewhat or extremely concerned about economic downturn (85%) and the disruption of capital markets (72%), around the world governments have rushed to intervene in their economies. Indeed, this year’s survey revealed a startling statistic – 10% of the companies we surveyed had some form of government backing. And state ownership is spread globally across all industry groups in our survey – not just in financial services.
The implications of the current crisis are also clear. In our view there is a need for: