[Paleopsych] Letter to CEO magazine

[Steve]

-----Original Message-----
From:	Steve [SMTP:shovland at mindspring.com]
Sent:	Monday, September 06, 2004 8:02 AM
To:	'wholstein at chiefexecutive.net'
Subject:	Decline in CEO confidence

What CEO's may not understand is that
the problems that are undermining their
confidence are in part a function of the
current maldistribution of personal income.

Over the last 10 years or so the top
20% of Americans have seen increases
in their share of personal income at
the expense of 80% of Americans.
You can verify this by looking at the
census data.

These changes in domestic distribution
of income have been exacerbated by
the shift of personal income overseas
through out-sourcing.

The result has been a reduced
capability to buy goods and services
on the part of many Americans, which
is causing the stagnation of sales and
ultimately of profits and stock values
that CEO's are worrying about.

Steve Hovland
www.stevehovland.net