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http://www.GrantThornton.com
December 09, 2008 07:00 AM Eastern Time 

3 in 4 CEOs believe Obama will fix the economy, but it may take two years

CHICAGO--(BUSINESS WIRE)--In a national survey of senior U.S. business executives by Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations, 74 percent of respondents believe that President-elect Obama will be able to get the country out of the current financial crisis, but it may take up to 24 months.

A quarter (26%) of the respondents do not think that Obama will have any effect on the outcome of the crisis in the next 24 months.

Do you think that President-elect Obama will be able to get the country out of the current financial crisis?

Yes, in the next six months   1.7%
Yes, in the next 12 months   21.7%
Yes, in the next 24 months   50.4%

No, I do not think that the President-elect will have any
effect on the outcome of the crisis within the next 24 months

  26.1%

To see all the survey findings go to www.GrantThornton.com/BOI2.

The survey was conducted between November 10th and November 21st, 2008. More than 450 senior executives from various industries responded to the survey.

About Grant Thornton LLP

The people in the independent firms of Grant Thornton International Ltd provide personalized attention and the highest quality service to public and private clients in more than 100 countries. Grant Thornton LLP is the U.S. member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations. Grant Thornton International Ltd and its member firms are not a worldwide partnership, as each member firm is a separate and distinct legal entity.

In the U.S., visit Grant Thornton LLP at www.GrantThornton.com.

Contacts

Grant Thornton LLP
Kristi Grgeta
312.602.8720
Kristi.Grgeta@gt.com

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