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Deloitte: Financial Services COOs Expect Businesses To Do Better

By Staff Writer

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NU Online News Service, Oct. 20, 2003, 5:06 p.m. EDT – Chief operating officers at the world’s biggest financial services companies are a little more optimistic about their companies’ performance than COOs at other big companies are, according to results of an informal survey by Deloitte & Touche L.L.P., New York.

Researchers at Deloitte recently conducted the survey by interviewing more than 600 chief operating officers at big companies in 16 countries.

The researchers found that 94% of the financial services COOs expect their companies to do about the same or better over the next 12 months, compared with 93% of the COOs at retail companies and 91% of the executives at manufacturing, health care and energy companies.

But 96% of the telecommunications company COOs are optimistic about the companies’ prospects, in part because 46% expect supplier prices to fall over the next 12 months.

Only 27% of the financial services COOs expect supplier prices to fall over the next 12 months, but only 28% expect supplier prices to rise.