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Job Creators Prefer McCain 4-To-1 Over Obama

Last update: 12:06 p.m. EDT Oct. 8, 2008

NEW YORK, Oct 08, 2008 / PRNewswire via COMTEX / -- Over 70 percent of CEOs fear an Obama presidency will be a disaster Chief Executive magazine's most recent polling of 751 CEOs shows that GOP presidential candidate John McCain is the preferred choice for CEOs. According to the poll, which is featured on the cover of Chief Executive's most recent issue, by a four-to-one margin, CEOs support Senator John McCain over Senator Barack Obama. Moreover, 74 percent of the executives say they fear that an Obama presidency would be disastrous for the country.

"The stakes for this presidential election are higher than they've ever been in recent memory," said Edward M. Kopko, CEO and Publisher of Chief Executive magazine. "We've been experiencing consecutive job losses for nine months now. There's no doubt that reviving the job market will be a top priority for the incoming president. And job creating CEOs repeatedly tell us that McCain's policies are far more conducive to a more positive employment environment than Obama's."

For several months during this presidential election year, Chief Executive has conducted specialized polling of CEOs' attitudes on issues affecting national policy and the economy. During this period CEOs were first asked what policies and approaches would work best for business, energy policy and job creation. Subsequently, they were asked which presidential candidate's policies were best aligned with these prescriptions for growth.

Even though CEOs rated McCain's policies over Obama's in the most recent polling, their support came with reservations, as can be witnessed by the B- grade given to McCain's overall policies. McCain received strong marks for defense and foreign policy but only a C+ on energy, environment and education. Conversely, Barack Obama's overall plan received a barely passing C- with four out of eight policy areas receiving D grades. Neither candidate received an A.

"I'm not terribly excited about McCain being president, but I'm sure that Obama, if elected, will have a negative impact on business and the economy," said one CEO voicing his lack of enthusiasm for either candidate, but particularly Obama.

In expressing their rejection of Senator Obama, some CEOs who responded to the survey went as far as to say that "some of his programs would bankrupt the country within three years, if implemented." In fact, the poll highlights that Obama's tax policies, which scored the lowest grade in the poll, are particularly unpopular among CEOs.

"Overall, many CEOs are concerned about the future of the U.S. economy and its ability to compete in the global market, but they look to John McCain and hope that this self-described political maverick may yet shake up established thinking and not give into to the tired policies of the past," concluded Kopko.

For additional information on the polling and to read the full story,
go to:  http://www.chiefexecutive.net/sept-oct-08

About Chief Executive Magazine Chief Executive is a controlled circulation magazine that has been published since 1977. It reaches 42,000 chief executive officers and their peers, reaches a total readership of 228,000. Chief Executive Group facilitates "Chief Executive of the Year," a prestigious honor bestowed upon an outstanding corporate leader, nominated and selected by a group of his or her peers. Anne Mulcahy, Robert Ulrich, A. G. Lafley, George David, Fred Smith, Bill Gates, John Chambers, Michael Dell and Sandy Weill are just some of the leaders who have been honored during the award's 23-year history. Chief Executive also organizes roundtable meetings and conferences to foster opportunities for top corporate officers to discuss key subjects and share their experiences within a community of peers. Visit  www.chiefexecutive.net  for more information. For more info on Chief Executive magazine and its various polls, go to:  http://www.chiefexecutive.net.

Source: Chief Executive Magazine Polling, August 2008

SOURCE Chief Executive:  www.chiefexecutive.net

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