Big Wheels

Think that Mercedes-Benz parked in the office lot belongs to someone in the C-suite? Think again.

According to one survey, a chief executive is more likely to drive a Chevy than a Mercedes.

Even though 59 per cent of respondents think that a typical CEO owns a luxury vehicle, only 19 per cent of the surveyed CEOs said they did. More than half drive a passenger car or SUV, whereas 13 per cent cruise around in a pickup truck. CEOs are least likely to drive a minivan, van or sports car.

While most respondents estimated CEOs shelled out $70,000 US or more for their primary cars, CEOs actually spent an average of $25,000 US. One in four CEOs spent less than $20,000 US.

"When it comes to the perception of what CEOs drive, the respondents who believe a black Mercedes-Benz is the car of choice for CEOs aren't the only ones," said Patrick Olsen, managing editor of Cars.com.

"A similar majority of CEOs thought that their peers were mostly driving expensive luxury cars as well."

Cars.com and Careerbuilder.com conducted the survey, which polled 2,004 respondents from the general public and 340 respondents who qualified as a CEO, chairman, executive director, president or COO.

Article at: Canadian Business

- ACA Talent