Edelman ‘Trust Report’ Shows CEOs Nearing Used Car Salesmen

Edelman is out today with its annual Trust Barometer, and the results aren’t pretty for businesses: Nearly two-thirds of informed publics (62%) trust corporations less than they did a year ago. Among the other results:

  • Trust in nearly every type of news outlet and spokesperson is down from last year. Trust in business magazines and stock or industry analyst reports — last year’s leaders — decreased from 57% to 44% and from 56% to 47%, respectively.
  • Globally, only 29% trust information about a company from a CEO — down from 36% last year.
  • Only 13% trust corporate or product advertising — down from last year’s low of 20%.
  • In the U.K, France, and Germany, trust in business was already at a low level of 36% among our tracking audience of 35-64-year-olds — and stayed there this year. The only EU countries where business made a notable gain in trust were the Netherlands and Sweden.

The full Edelman report can be found here.