They’re coming around to Trump
It’s always better under Republicans, right?
Yes, I know they’re all Masters Of The Universe but they are political idiots. Do they think civil unrest and authoritarian chaos are going to keep the party going? They must. They wanted DeSantis but Trump will do:
As Donald Trump surges toward the Republican nomination, many Wall Street executives have made a calculated decision not to speak out against him, and in some cases they will consider supporting the Republican former president over Democratic President Joe Biden, according to more than a dozen people familiar with the matter.
“A lot of people on Wall Street have been living in this pipe dream of Trump not getting the nomination. People were in the first stage of [grief], denial. Now they’re trying to get their heads around the fact that Trump could be the nominee,” said an executive at a private equity firm. Like others in this story, the executive was granted anonymity in order to relay details of private conversations.
This view reflects one shared by large portions of Wall Street, who are scrambling to come to grips with the idea that Trump is the likely GOP nominee for president and he could beat Biden in November. A Real Clear Politics polling average Sunday had Trump leading Biden nationwide by about 2 points in a general election.
“It’s painful for me to admit this, but Wall Street is basically nonchalant to this election,” longtime Wall Street executive and former Trump communications director Anthony Scaramucci said in a recent interview with The Hill.
“I think they view Donald Trump by and large as benign to somewhat beneficial to the economy and business,” he added.
Other financial executives have little appetite for angering the former president, and want to hedge their bets in the race for the White House, where polls show a close contest between Trump and Biden.
“I think unless there is some catastrophic crisis like the [Jan. 6, 2021] insurrection, they think of themselves as stewards of other people’s money and they don’t want to take a position that divides their workforce, their investors and their customers. They are mindful of their different constituencies,” said Jeffrey Sonnenfeld, a senior associate dean at the Yale School of Management.
“They are not out there to be political ward heelers. They are not out there doing door-to-door campaign solicitations. They are there to run their companies,” he added. More than practically any other academic, Sonnenfeld knows the pulse of America’s Fortune 500 CEOs.
In the days after the 2020 presidential election, Sonnenfeld convened a storied call of major CEOs, who brainstormed what they might do if Trump refused to accept a peaceful transition of power.
Wall Street’s refusal to counter Trump has grown more obvious as the former president effectively sewed up the Republican nomination in the past week.
This view reflects one shared by large portions of Wall Street, who are scrambling to come to grips with the idea that Trump is the likely GOP nominee for president and he could beat Biden in November. A Real Clear Politics polling average Sunday had Trump leading Biden nationwide by about 2 points in a general election.
“It’s painful for me to admit this, but Wall Street is basically nonchalant to this election,” longtime Wall Street executive and former Trump communications director Anthony Scaramucci said in a recent interview with The Hill.
“I think they view Donald Trump by and large as benign to somewhat beneficial to the economy and business,” he added.
Other financial executives have little appetite for angering the former president, and want to hedge their bets in the race for the White House, where polls show a close contest between Trump and Biden.
“I think unless there is some catastrophic crisis like the [Jan. 6, 2021] insurrection, they think of themselves as stewards of other people’s money and they don’t want to take a position that divides their workforce, their investors and their customers. They are mindful of their different constituencies,” said Jeffrey Sonnenfeld, a senior associate dean at the Yale School of Management.
“They are not out there to be political ward heelers. They are not out there doing door-to-door campaign solicitations. They are there to run their companies,” he added. More than practically any other academic, Sonnenfeld knows the pulse of America’s Fortune 500 CEOs.
In the days after the 2020 presidential election, Sonnenfeld convened a storied call of major CEOs, who brainstormed what they might do if Trump refused to accept a peaceful transition of power.
Wall Street’s refusal to counter Trump has grown more obvious as the former president effectively sewed up the Republican nomination in the past week.
What fools. It’s not like Biden and Democrats even tried to repeal their Trump tax cuts! WTF do these people want?
Well, ok. I’m sure many of them think they can make money if Trump and the Supremes manage to completely dismantle the federal government and remove all regulations and accountability for killing people. That’s nirvana for pure, unadulterated capitalism. But I just have a sneaking suspicion that the total breakdown in civilization might not be as good for business as they think it is.