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August 22, 2012

Most CEOs Wouldn't Want To Be President

If you're a corporate CEO, would you want to become president of the United States? And if you were to be elected, how do you think you'd do?

In a presidential election year in which Mitt Romney, the presumptive Republican presidential nominee, is a former corporate CEO, nearly two-thirds of business executives polled said a corporate CEO is better or equally qualified to serve as the nation's chief executive, a poll found. But an even greater percentage said they wouldn't want the job.

The poll, conducted by Korn/Ferry International, found that 65 percent of business executives believed a corporate leader would be up to the job. The survey of more than 100 executives, conducted in late July and early August, found that 43 percent agreed with the statement that a corporate CEO is better skilled to serve as president, while 34 percent disagreed. About 22 percent said a CEO and a traditional political candidate would be equally skilled to hold the job.

But despite the broad support, most business executives – 74 percent - wouldn't want the job.

When asked if any presidential candidate, regardless of party, possesses the competencies to create a bipartisan spirit in Washington, a third of the executives said "only someone with superb negotiating ability" would be able to accomplish such a goal. Seventy-eight percent of the executives polled said that skill is critical in a president.

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