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A recent McKinsey survey asked executives around the world whether trust in business has fallen as a result of the economic crisis. The results were unambiguous: of the 85% who said that trust in business had fallen, 56% blame financial firms’ mishandling of risk. 33% of executives said job losses also contributed to the decline in trust, 29% cited executive compensation levels, and 25% saw predatory practices as a contributing factor. |
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| Source: Economic Conditions Snapshot, March 2009: McKinsey Global Survey Results |
Posted by: kaegw | April 20, 2009
Losing Our Trust in Business
Posted in Economic News, Small Business Growth, The Daily Stat | Tags: Business, Executives, Job Losses, Predatory Practices, Trust
