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Private Company CEO Survey Set to be Released by Private Company Index This Month
Chicago, IL March 8, 2007 – The Private Company Index (PCI) announces that a report based on its first annual survey of private sector CEOs will be published in mid March as “Private Company CEOs: Reality, Trends & Expectations.” Revealing operational, strategic, financial and CEO-role related opinions, this survey project was developed in response to numerous media requests for greater information about the experiences and demands of CEOs heading private companies.
Although full of intriguing data points about what is keeping these CEOs awake at night, the report has two primary purposes; 1) to compare trends to published data from public company CEOs in effort to highlight key differences in the two market spaces; and 2) to bring real data, about financial expectations unique to private companies, to the financial community (thoughts regarding capital acquisition, openness to M&A, private equity investments, etc.).
Initial data analysis indicates that private company CEOs are having more fun than ever, are optimistic about the current and future economic climate, and are eager to maintain a strong role in corporate planning and development. In comparison, data from the public CEOs reflect that the structural and reporting obligations of simply being a public company are making ever increasing demands on their time—making the role less enjoyable.
Report highlights include:
- Regarding the shifting CEO role, 92% of private CEOs indicated strategic policy planning as their most increased area of demand, with business development in second place. In contrast, public CEOs report their top two increased time demands are in the areas of regulatory compliance and reporting to the board—with strategic policy and planning in third place.
- When asked to indicate what experiences they feel more now, than in the past five years, private company CEOs reported the top three changes in their role as more rewarding, more fun and more creative. While public counterparts labeled their roles as more stressful, more time consuming and more detail oriented.
- Both groups cited their management team and operational efficiencies as the top two factors that would influence company performance over the next five years.
- When asked about the best sources for business ideas, private CEOs claimed their executive team and customers as the top two with other CEOs coming in at third place. Interestingly, while sharing the first two points with the private group, public CEOs listed other CEOs near the very bottom of their sources of ideas—after a whole host of others.
To request a copy of this report, contact econefry@entrex.net.
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