- A gaggle of former CEOs revealed an op-ed Tuesday endorsing Kamala Harris for president.
- They wrote that Donald Trump may be unhealthy for enterprise and unhealthy for the US financial system.
- It comes as Trump has touted the assistance of Elon Musk and leaders in finance and totally different industries.
A gaggle of former CEOs who led most important US corporations — along with American Airways, LinkedIn, Xerox, and American Particular — made the case for Kamala Harris in an op-ed one week sooner than Election Day.
The 17 enterprise leaders talked about they’d been voting for Harris because of they thought she’d be increased for the financial system than former President Donald Trump. They made their case in Fortune on Tuesday.
The group included former LinkedIn CEO Reid Hoffman, former American Airways CEO Doug Parker, former American Particular CEO Ken Chenault, former Sony CEO and current Snap chairman Michael Lynton, and others who led large, publicly traded corporations.
“Many People proceed to contemplate that the CEOs of the nation’s largest corporations are largely Donald Trump supporters — nevertheless nothing is likely to be farther from the truth,” they wrote.
The group talked about current CEOs couldn’t have the power to speak out publicly as a result of potential penalties to their firms. As a consequence of that, they talked about they felt obligated to speak up as former leaders who’re involved with energetic CEOs.
They talked about Trump has taken “extreme anti-business” positions, along with proposing “draconian” tariffs on imports. As well as they criticized Trump’s talk about eliminating the Fed’s independence.
The group talked about they arrive from fully totally different political backgrounds nevertheless are supporting Harris partially because of the state of the US financial system. They cited GDP growth, doc stock market valuations, wage progress, and employment ranges, amongst totally different measures.
The op-ed comes after Elon Musk has turn into an increasing number of involved in supporting Trump’s presidential bid. “I’ve by no means been politically energetic sooner than; I’m politically energetic now because of I imagine the way in which ahead for America and the way in which ahead for civilization is at stake,” Musk said at a town hall he hosted ultimate Saturday in Swatara Township, Pennsylvania.
Totally different business leaders have publicly supported Trump, along with Blackstone CEO Stephen Schwarzman, who talked about this week that Trump may be “atmosphere pleasant and environment friendly.”
Within the meantime, some enterprise leaders have averted taking a spot publicly even after they assist one candidate or one different in private.
Jeffrey Sonnenfeld, a professor on the Yale College of Administration and founding father of the Chief Authorities Administration Institute, who’s listed as one in every of many two non-CEO authors of Tuesday’s op-ed, beforehand knowledgeable Enterprise Insider that the majority chief executives don’t publicly endorse candidates because of they’re “concerned about alienating prospects and staff needlessly.”
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