Government regulations are the top financial concern of chief executive officers of major companies in the coming months, superseding anxieties about future litigation costs and other expenses, according to a Business Roundtable survey released Wednesday.
Of the 120 CEOs who participated in the Business Roundtable's CEO Economic Outlook study, 39 percent told the association that regulatory expenses were the "greatest area of cost pressure" for their companies during the next six months. The figure is a four percent uptick from 2012, which saw regulatory costs surpass expenses for materials as the highest financial concern of CEOs.
After regulatory expenditures, CEOs said health care and labor costs were their biggest worries. Of the CEOs surveyed, 25 percent said labor costs were at the forefront of their expenses pressures, while 21 percent put health care expenditures at the top of their financial concern lists. Both percentages increased from 2012.