BUSINESS BITS

Americans tend to exaggerate their weekly work hours by 5 to 10 percent, according to a recent study. Those who say they work 40 hours a week typically work closer to 37, while those who say they work more than 55 hours are usually off by more than 10 hours.
Harvard Business Review
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Business executives are profoundly pessimistic about U.S. competitiveness, according to a new survey of more than 6,800 Harvard Business School alumni. Nearly six out of 10 respondents expected U.S. companies to be less able to compete in the global economy or less able to pay high wages, or both, over the next three years.
The Wall Street Journal

The world’s airlines spend between $7 billion and $8 billion a year on jet fuel while taxiing between passenger gates and the runway.
The Economist


Summer babies are less likely to reach the C-suite. A study of 375 CEOs found that only 12 percent were born in June and July, while 23 percent were born in March and April. The discrepancy may have to do with cutoff dates U.S. schools use to determine when children start kindergarten. Summer babies are often among the youngest in their class, and older children tend to outperform them.
WSJ.com