Many executives plan to skip vacation this year

Vacation is as an indispensable benefit of our work lives — flee the office, reflect, rejuvenate, travel, read, sleep late and generally improve your disposition as an employee.

But many top-level executives say vacation is an indulgence they’ll forego this year. Of 730 executives who took part in a survey, 47 percent said they won’t use all the vacation time they are entitled to.

Moreover, 58 percent of that group said job demands were the primary reason.

“There’s a sense in corporate America that this is the year to knuckle down and stay at your desk,” said Allen Salikof, president and chief executive of Management Recruiters International, a Cleveland-based firm that commissioned the survey.

“With the economy continuing to limp along, executives are hoping that a little extra elbow grease will help revitalize corporate health more quickly,” he added.

Motley Fool: Name that company

I trace my roots to 1976, when Price Club began selling just to businesses. Today I’m a no-frills establishment for members only, selling everything from wine to books, luggage, candy, tires, televisions and cans of creamed corn. Based in the state of Washington, I operate more than 400 locations in the United States, Puerto Rico, Canada, the United Kingdom, Korea, Taiwan, Japan and Mexico, and employ 102,000 people worldwide. My average store size is 135,648 square feet. I’m patronized by nearly 20 million members and more than 23 million households. I raked in $38 billion in fiscal 2002. Who am I?