the July 12, 2002 print edition
Metroplex executives look on the bright side
Jeff Bounds Staff Writer
NORTH DALLAS -- Optimism about the
economy is gradually picking up among big-company
executives, and those in the Metroplex have a rosier
view than the rest of the country, according to a new
Dallas executive-search firm The Broadmoor
Group's poll of 190 executives, primarily from
Fortune 500 companies, found 61% expect business
conditions in their companies to improve in the
next six months. Only 2% expect a decline, while
the remaining 37% believe things will remain the
But among the roughly 100 Metroplex-based
executives who took part, some 75% believe their
companies' positions will improve in six months,
with 22% predicting the status quo, according to
"I'd say it's cautious optimism," said Randall
Neal, senior vice president and managing director
at the Broadmoor Group. "They feel that definitely
the economy, as it affects their company, has
bottomed out and won't get worse."
Overall, Metroplex executives expect to do more
hiring of senior-level talent than the rest of the
country within that same six-month window -- 30%
locally compared with 11% nationwide. Less
downsizing of executives is expected here -- 10%
compared with 16% nationwide.
The number of local respondents who planned to
increase staff grew from 19% in January. But the
number planning reductions grew to 10% in June
from 8% in January.
Contact DBJ writer Jeff Bounds at
firstname.lastname@example.org or (214) 706-7122.
Click here to return to
Pressroom for Randall James Monroe, Inc.