Despite lowest confidence since 2002, CEOs see opportunity

08/15/2007 | Financial Times (tiered subscription model)

Market volatility and mixed economic data have resulted in the lowest CEO confidence level in five years, according to the Goldman Sachs Confidence Index. Conducted in the last week of July and the first week of August, the survey marked a dramatic decline in third-quarter outlooks. The survey did, however, find that CEOs were still willing to pursue deals and that some saw the credit crunch as a chance to compete with private-equity firms in acquisitions.

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