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Leadership CEOs still positive

Despite economic uncertainty, CEOs are still optimistic about the coming months. (Photo by Michael M. Santiago/Getty Images)

By Hannah Bryan Leaders Staff

Hannah Bryan

Hannah Bryan

News Writer

Hannah Bryan is a news writer for Leaders Media. Most recently she was a reporter for the Sanilac County News...

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Sep 16, 2022

CEOs Still Positive Despite Downturn

The Goldman Sachs Communacopia + Technology Conference this week was filled with executives sharing mixed advice on how to handle the coming economic turbulence. 

Key Details

Despite disappointing announcements surrounding inflation and a declining stock market over the last several days, the Communacopia + Technology Conference was well attended by bankers, analysts, and CEOs sharing their perspectives. Some key takeaways…

  • Private companies that once had big plans for the future are cutting back and reducing expenses. 
  • Larger companies will take the opportunity to turn former competition into an asset.
  • Major companies may start to make moves on long-coveted, smaller companies with more attractive valuations. Companies with cash may take the opportunity to strike.
  • The stock market hasn’t hit its lowest point of 2022 quite yet, says Yahoo Finance editor Brian Sozzi, who attended the conference. 
  • Big businesses are still doing okay, though they tend to be more stagnant rather than growing. 

Key details

Following the August inflation report released Tuesday, the stock market took a major hit. The Dow Jones Industrial Average and the S&P 500 Index fell 4%, and the tech-heavy Nasdaq Composite dropped 5%.

Though market fluctuations have been frustrating for many executives, they’re still optimistic overall, a recent Business Roundtable report showed. Almost half of the executives surveyed expect company growth over the next year. 

Executives seem to have mixed perspectives about how seriously to view the current economy. 

It appears executives don’t yet realize how much they will need to cut back on expenses in order to stay afloat or how much pressure they will be under from investors. 

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