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FEI -Zicklin Survey Reveals CFOs Reaction To Recession Concerns

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 Survey Reveals CFOs Reaction To Recession Concerns

-- Nearly Half Cutting Back On Hiring and One Third Delaying Spending
-- CFOs Also Favor Process Change For Ratings Agencies

March 27, 2008 - CFOs of American companies believe recession concerns in the U.S. are impacting their company's budgets, spending and hiring, according to a recent survey of CFOs conducted by Financial Executives International (FEI) and Baruch College's Zicklin School of Business.

The economic downturn and weakness of the U.S. dollar continue to impact businesses in the U.S. While more than one third of CFOs (34%) reported that the weakness of the U.S. dollar has led to increased international sales, over half (51%) have seen an increase in the costs of commodities/raw materials, and one third (33%) say their quarterly earnings have decreased.

Read the complete press release here.

[print version]



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