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The CEOs' expectation of economic decline has dropped to 45% from a record-high 73% last year, and fewer saw their company as highly exposed to the risk of geopolitical conflict, according to the PwC Global CEO Survey. Political Cartoons View All 253 ImagesThe executives, meanwhile, felt worse about the prospects for their companies' ability to weather big changes. Similar to AI, the PwC survey shows that the climate transition is both an opportunity and a risk. An increasing number of CEOs — nearly a third — say climate change was expected to shift how they do things over the next three years. The PwC survey of 4,702 CEOs in 105 countries and territories was conducted from Oct. 2 to Nov. 10.

Persons: Yemen’s Houthi, ” Bob Moritz, ” PwC, Edelman, Richard Edelman, —, ___ Masha Macpherson, David Keyton Organizations: —, PwC, PwC Global, Survey, Bank, PricewaterhouseCoopers, Associated Press Locations: Davos, Switzerland, Ukraine, Red

SYDNEY, June 25 (Reuters) - PwC Australia on Sunday entered an exclusivity agreement with private equity firm Allegro Funds to sell its government practice for A$1 as it brought in an executive from Singapore to lead its local firm through the fallout from a national scandal. Amid a growing backlash from key government clients, PwC said it had entered an exclusivity agreement to divest its federal and state government business to Allegro Funds for A$1 ($0.67) as first reported on Friday. A spokesperson for Allegro Funds declined to comment. NEW CHIEF EXECUTIVEGlobal PwC Chair Bob Moritz publicly apologised in a statement and said PwC Australia had failed to meet the firm's standards and values under past leadership. "PwC Australia has significant work to do and I am confident that the steps they are taking ... will result in a stronger firm," Moritz said.

Persons: PwC, Justin Carroll, Deborah O'Neill, Bob Moritz, Kevin Burrowes, Kristin Stubbins, Burrowes, Moritz, Lewis Jackson, Sam McKeith, Christopher Cushing, Tom Hogue Organizations: SYDNEY, Sunday, Funds, Allegro Funds, PwC, Labor, Global, & Industries, Thomson Locations: Australia, Singapore, Sydney

☆ PwC: Businesses more confident in ability to manage crisis
▼ + stars: | 2023-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPwC: Businesses more confident in ability to manage crisisBob Moritz, chairman of PwC, discusses his company's research that shows that although nearly 75% of CEOs expect global economic growth to decline, they are confident in their companies' abilities to endure crisis.

☆ CEOs are the most pessimistic they've been in more than a decade as world faces a slowdown
▼ + stars: | 2023-01-17 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

The global economy is the biggest concern for CEOs, with confidence in the international climate having plummeted in the last year. Some 73% of CEOs think global growth will decline in the next year, according to a survey by audit firm PwC, confirming the most pessimistic outlook by business leaders for 12 years. But this isn't a repeat of the economic crash of 2008 and 2009, PwC Chairman Bob Moritz told CNBC from the World Economic Forum in Davos, Switzerland, Tuesday. Today CEOs are "much more confident in their own abilities to manage their way through this stuff," he added. The global economy is the biggest concern for CEOs, with confidence in the international climate having plummeted in the last year.

With 73% of chief executives around the world expecting global economic growth to decline over the next 12 months, this gloomy view is the most pessimistic CEOs have been since PwC began the survey more than a decade ago, it said on Monday. The survey also found that companies are cutting costs, even as many do not plan to reduce headcount or compensation in the fight to retain talent. Separately, two-thirds of private and public sector chief economists surveyed by the World Economic Forum (WEF) expect a global recession in 2023. Other highlights from the PwC survey include:- Half the CEOs reported reducing operating costs, 51% said they were raising prices, and 48% were diversifying product and service offerings. - Climate risk did not feature as prominently as a short-term risk over the next 12 months relative to other global risks.

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