CEOs Aren’t Worried About The Economy

December 4, 2007 – 4:06 pm

by Darren

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In a sure sign of being paid too much, U.S. Chief Executives are not stressing the economy too much.

“CEOs are getting a little bit more comfortable that we are slowing down a little bit as an economy,” he added. “But there aren’t huge dark clouds out there. But again, we have to pay attention to the consumer and the consumer behavior patterns.

The cost of health care and energy topped their list of cost worries, with twice as many CEOs citing energy as their main worry than a year earlier.

Oil prices hit record highs near $100 last month before falling back below $90 on concerns a slowing economy would crimp demand. U.S. light crude oil futures were trading at $87.56 Tuesday.

The more you earn, the more bullish you feel, apparently.

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