Bay Area execs see bright business future

[Cant trust em]

In a striking turnaround, the Bay Area's top executives feel markedly more confident in the region's economy than they did just months ago, according to a survey to be released Friday by a local business group.

"Confidence has bounced back remarkably like it did after the dot-com bubble, although the downturn was longer this time," said Lenny Mendonca, director of McKinsey & Co., the consulting firm that conducted the survey on behalf of the Bay Area Council.

The majority - 58 percent - of 500 CEOs and top executives questioned in the quarterly Business Confidence Survey think local economic conditions have improved in the past six months. When asked the same question three months ago, only 36 percent felt that way.

Looking ahead, 63 percent said they expect a better Bay Area economy six months from now, a 16-point increase from last quarter.



Read more: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2010/06/10/MNVM1DSL8I.DTL#ixzz0qTJtIYGG

[Scurrilous]

1. K & R

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