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Good CEOs Will Be the Death of Any Economic Stimulus Plans


Wed Mar 11 2009


NY Metro (PRWEB) March 11, 2009 -- CEOs will be the single most important people in saving the economy, but not if they are "doing what they best." President Obama and the Congress did not cause the current economic crisis and their bailouts will not be able to fix it. It was created within the business world and that is where it will be solved. This makes CEOs the vanguard of any recovery. "Right now CEOs are trying to be 'good CEOs,' and that's the worst thing they can do," says Erik Luhrs of CEO ROI Systems, Inc., the author of a new white paper on CEOs and the economic recovery. "By 'good' I mean that they are doing what they were trained to do. But as Einstein said: 'You can't solve a problem with the same mind that created it.'"

Drawing parallels with 9/11, Luhrs states that the our recent economic troubles were not caused by the subprime mortgage debacle, NAFTA, the rise of China and India or any other "cause" seen in the news. Instead he says the cause is the rapid transition from the Industrial Age to the Information-Technology Age. He claims that CEOs who were trained in Industrial Age thinking aren't ready for this new Age and they don't have the ability to fix the troubles they've gotten into.


(Read the entire release on BusinessWire.)

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