BusinessCompany NewsMcCain favoured by US CFOs

McCain favoured by US CFOs

CFOs less than impressed with Obama's policy statements so far

CFOs in the US are backing presidential candidate John McCain to be better
for business than Barack Obama, according to new research.

The survey, produced by the US Financial Executives Institute and Baruch
College’s Zicklin School of Business, found that 71% of CFOs polled backed
McCain as best serving their business interests.

In addition less than 10% believed McCain’s policies would have a negative
effect, while 70% said an Obama presidency would be damaging.

The results were published by US website Financialweek.com. The site said the
219 CFOs in the survey stopped short of fully endorsing McCain as president with
almost 75% saying he would fail to make any impact at all.

The poor view of Obama apparetnly stems from his tax policy with 87% saying
they would have a negative impact.

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