CEOs and business leaders on the COMPAS business panel were asked to recommend solutions and assign blame in the wake of immense controversy over the size of bonuses given to the executives in firms that had received U.S. government bailouts. The bottom line is that panelists believe that the only real solution is to allow firms in trouble to reorganize or go into bankruptcy but not to extend large bailouts.

As for who was responsible for the recession, panelists blame business and the U.S. Congress equally while tending to absolve the business press of any responsibility.

These are the key findings from this past week’s Internet survey of CEOs and business leaders on the COMPAS panel. The weekly business survey is undertaken for Canadian Business magazine under sponsorship of BDO Dunwoody LLP.

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