Chief Executive Magazine supposedly is a real thing. Perhaps they wanted to go with Fat Cat Fancy first, but was afraid it would attract a misled readership.
Chief Executive Magazine is largely an ignored publication except for that one time every year that it releases its “ranking” of the “best” States for businesses in the prior year. It’s the sort of totally subjective survey of those few CEOs who are vain enough to spend $100 a year on something called “Chief Executive Magazine.” The only other people more shallow that the readers of such a publication are the Republican politicians who pretend that this ranking actually means something. Republicans like Governor John Kasich. As an example of its infallable nature, Chief Executive Magazine praised Louisana Governor Bobby Jindal over his tax reform plans, apparently unaware that Jindal killed the plan a month ago in the face of intense opposition to it from fellow Republicans in the legislature. (Sound familiar?)
Yet, for reasons Chief Executive Magazine did not explain, it claimed that Ohio jumped the most spots up its rankings under Governor John Kasich even though Kasich has failed in multiple categories the editors thought important. For example, Kasich has privately been working to kill an effort to enact so-called “right to work” legislation (purely out of political self-preservation) and he hasn’t really cut taxes (mostly he just preserved tax cuts implemented by Governor Strickland and his estate tax repeal doesn’t take effect to the end of next month).
In fact, if you actually read what Chief Executive Magazine said about Ohio in 2012 compared to today, you’d see that its data actually suggests things have gotten worse under John Kasich in the past year.
Since Ohio was ranked 35th in the nation for business by this publication last year, it claims Ohio lost half a star in both taxes/regulations and in workforce quality. It made no improvement in the third category. In the past year, Ohio has dropped from 45th to 46th in Domestic Migration (in other words, the rate Ohio is losing population to other States has gotten worse.) Nor has Ohio gotten better on state debt per capita or the number of local/state government employees per 10k residents.
In fact, according to the magazine, the state-local tax burden in Ohio went up .01% in the past year
So taxes are higher, everyone’s share of the debt is the same, government hasn’t shrunk, Ohio hasn’t improved it’s regulatory environment, and it hasn’t instituted right-to-work laws, and yet, despite these all being the hallmarks of what Chief Executive Magazine claims are the factors it relies on in making its rankings, it claims no other State has improved more than Ohio. The other component of the ranking is the subjective comments received from CEOs of that State, which was, apparently, very positive about Governor Kasich.
What more evidence do you need that Chief Executive Magazine’s rankings are totally meaningless than the fact that magazine itself cites objective data that refute its rankings?
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