New Poll: Washington, D.C. Policymakers Want CEO's Ideas on Jobs and Education
FTI Consulting Poll Shows Washington, D.C. Insiders and the American Public
want CEOs to be part of the Public Policy Debate on Job Creation and STEM
WEST PALM BEACH, Fla., Oct. 10, 2013
WEST PALM BEACH, Fla., Oct. 10, 2013 /PRNewswire/ -- FTI Consulting, Inc.
(NYSE: FCN), the global business advisory firm dedicated to helping
organizations protect and enhance their enterprise value, has released
findings from a new survey of Washington, D.C. policymakers, institutional
investors and the U.S. general public.The survey conducted and released by
FTI Consulting's Strategic Communications segment shows support for U.S. CEOs
to play an active yet limited role in national-policy debates.
FTI Consulting's CEO as Statesman II: Views from the Beltway and Beyond
demonstrates that C-suite engagement in Washington requires an understanding
of both policy consequences and political context for success. The report
comes at a time when CEOs are being drawn more deeply into the policymaking
process, due in large part to the aftermath of the financial crisis; and the
enactment of landmark legislation such as the Affordable Care Act and Wall
Street Reform and Consumer Protection Act. CEO as Statesman II expands upon a
December 2011 poll from FTI Consulting, including a significantly wider point
of view with survey responses from institutional investors, Washington, D.C.
opinion elites and the U.S. general public.
"Many business leaders have expressed alarm surrounding government oversight
of and intrusion into business, but are unsure about the best ways to engage
with policymakers. There is skepticism from voters and policymakers regarding
CEO activity in the nation's capital, but a recognition that the business
community is needed to help solve some of the country's biggest problems,"
said Jackson Dunn, Senior Managing Director and Americas Head of Public
Affairs in the Strategic Communications segment. "The challenge for a business
leader today is to know how to engage and on which issues."
The poll reconfirms investors clearly recognize the impact Washington, D.C.
can have on portfolios, and shows that investors regard CEO engagement in the
political and policymaking process as positive, so long as that engagement is
related to the CEO's business or industry. More than three-quarters of
investors polled (76 percent) say decisions on Capitol Hill are ranked
moderately-high to high, a decline from similar polling in 2011 when 89
percent ranked decision-making in Washington, D.C. as an area of concern.
Eight in 10 (79 percent) investors would like their portfolio companies to be
more vocal about the impact of policy changes on their respective businesses,
while more than half (53 percent) feel public companies should be highly
engaged in national policy discussions.
However, policymakers are far more skeptical of the presence of corporations
and CEOs in policy debates. Only 40 percent feel CEO participation in
public-policy discussion is positive, a figure that falls to just 34 percent
among the general public.
When asked about job creation and STEM (Science, Technology, Engineering and
Math) education all three audiences were open to what business leaders can
bring to the table.
oAmong institutional investors:
o53 percent say they would like to see CEOs of their portfolio
companies play an active role on policies related to job creation.
o61 percent say they would like to see CEOs of their portfolio
companies play an active role on policies related to STEM education.
oAmong Washington, D.C. opinion elites:
o76 percent say they would like to see CEOs active on policies related
to job creation.
o65 percent say they would like to see CEOs active on policies related
to STEM education.
oAmong the U.S. general public:
o73 percent say they would like to see CEOs active on policies related
to job creation.
o61 percent say they would like to see CEOs active on policies related
to STEM education.
"Capitol Hill and Wall Street are never going to see eye-to-eye on who is best
positioned to solve pressing problems facing this country, whether that is
deficit reduction, entitlement spending or tax reform. There is a narrow
region where investors, policymakers and the public share a point of view
though – it all comes down to job creation and STEM education," said Elizabeth
Saunders, Senior Managing Director and Americas Chairman of the Strategic
Communications segment. "Given the consensus, it is obvious where CEOs should
focus their energy in Washington, D.C."
Elsewhere in the survey, investors agree CEOs would make strong political
leaders, as three-out-of-four (74 percent) institutional investors say
national challenges would be better addressed if business leaders ran for
office, according to the poll. Among Washington, D.C. opinion elites, just 38
percent would like to see more CEOs become politicians, compared to 45 percent
among the general public.
The Strategic Communications segment at FTI Consulting conducted its second
iteration of the CEO as Statesman survey online, June 14–July 2, 2013. The
survey sample consisted of 140 U.S. institutional investors (i.e., analysts,
portfolio managers) from 118 different firms. The total equity of assets
managed by the represented firms was $2.3 trillion, with an average equity of
$19.2 billion, and a median equity of $941.8 million. The sample was generated
from Ipreo by screening for U.S. analysts and portfolio managers.
Analysis comparisons were made across three other FTI Consulting surveys as
1. FTI Consulting's first iteration of this survey (i.e., "CEO as Statesman
I"), was conducted online, Dec. 9–11, 2011, among a similar sample of 260 U.S.
institutional investors (analysts and portfolio managers) at 228 different
firms drawn from identical sources.
2. A June 26–27, 2013 FTI Consulting survey was conducted among 300
Washington, D.C. opinion elites. Respondents qualified as Washington, D.C.
opinion elites based on their employment in academia, associations,
communications, Congress, consulting, Executive Branch, federal government,
legal, lobbying, media, non-governmental organizations (NGOs), nonprofit or
think tanks in the Washington, D.C. metropolitan area.
3. A May 29–June 2, 2013 FTI Consulting survey was conducted among a
nationally representative sample set of U.S. adults age 18 and older.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping
organizations protect and enhance enterprise value in an increasingly complex
legal, regulatory and economic environment. With more than 4,000 employees
located in 24 countries, FTI Consulting professionals work closely with
clients to anticipate, illuminate and overcome complex business challenges in
areas such as investigations, litigation, mergers and acquisitions, regulatory
issues, reputation management, strategic communications and restructuring. The
company generated $1.58 billion in revenues during fiscal year 2012. More
information can be found at www.fticonsulting.com.
FTI Consulting, Inc.
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West Palm Beach, FL 33401
SOURCE FTI Consulting, Inc.
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