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The below excerpts from a WSJ article WSJ Link and here's a subscription free link to an archived article https://archive.ph/bLtQt
Corporate leaders regularly praise the Trump administration and its policies in public. Behind closed doors, their mood is darker.
At a meeting of CEOs and other executives on Wednesday convened by the Yale School of Management, dozens of America’s business leaders sounded off on their concerns about tariffs, immigration, foreign policy matters and what many described as an increasingly chaotic, hard-to-navigate business environment.
“They’re being extorted and bullied individually, but in private discourse, they’re really upset,” said Jeffrey Sonnenfeld, a Yale management professor who organized the event, referring to recent deals that give the U.S. government a cut of certain Nvidia chip sales and a “golden share” in U.S. Steel.
Asked if tariffs had been helpful or hurtful to their businesses, 71% of respondents described the levies as harmful. Another question centered on the legality of tariffs. About three quarters of respondents said courts were correct in saying the tariffs are illegal as executed.
When asked whether they planned to invest more in U.S. manufacturing and infrastructure, 62% of respondents said they didn’t plan to do so.
The reason, Yale’s Sonnenfeld said, is because tariffs, immigration policies and concerns about the economy are all weighing on leaders and preventing them from feeling confident enough today to make new investments. “They’re holding back doing anything,” he said.
CEOs were nearly unanimous in expressing displeasure about Trump’s efforts to pressure Federal Reserve Chair Jerome Powell to lower interest rates: 80% of respondents said Trump wasn’t acting in the best long-term interests of America by doing so. In another question, 71% of respondents said the Fed’s independence had been eroded by Trump’s actions.
It's sad that we've gotten to a point where business leaders can't voice their opinions publicly due to potential harassment from Trump and his cult. Trump does have the power to hurt these companies with his crazy rants, just like other autocrats do.
America’s top executives worry about moves that many see as state capitalism and pressure on the Federal Reserve
- Business leaders voiced concerns over tariffs, immigration, and a chaotic business environment at a Yale School of Management meeting.
In a poll, 71% of executives said tariffs hurt their business, and most believe consumers bear the costs; 62% don’t plan to invest more in U.S. manufacturing and infrastructure.
Executives worry about government encroachment on the free market, but most are confident American capitalism can compete with China in AI.
Corporate leaders regularly praise the Trump administration and its policies in public. Behind closed doors, their mood is darker.
At a meeting of CEOs and other executives on Wednesday convened by the Yale School of Management, dozens of America’s business leaders sounded off on their concerns about tariffs, immigration, foreign policy matters and what many described as an increasingly chaotic, hard-to-navigate business environment.
“They’re being extorted and bullied individually, but in private discourse, they’re really upset,” said Jeffrey Sonnenfeld, a Yale management professor who organized the event, referring to recent deals that give the U.S. government a cut of certain Nvidia chip sales and a “golden share” in U.S. Steel.
Asked if tariffs had been helpful or hurtful to their businesses, 71% of respondents described the levies as harmful. Another question centered on the legality of tariffs. About three quarters of respondents said courts were correct in saying the tariffs are illegal as executed.
When asked whether they planned to invest more in U.S. manufacturing and infrastructure, 62% of respondents said they didn’t plan to do so.
The reason, Yale’s Sonnenfeld said, is because tariffs, immigration policies and concerns about the economy are all weighing on leaders and preventing them from feeling confident enough today to make new investments. “They’re holding back doing anything,” he said.
CEOs were nearly unanimous in expressing displeasure about Trump’s efforts to pressure Federal Reserve Chair Jerome Powell to lower interest rates: 80% of respondents said Trump wasn’t acting in the best long-term interests of America by doing so. In another question, 71% of respondents said the Fed’s independence had been eroded by Trump’s actions.
It's sad that we've gotten to a point where business leaders can't voice their opinions publicly due to potential harassment from Trump and his cult. Trump does have the power to hurt these companies with his crazy rants, just like other autocrats do.