Why CEOs Are Uniting Against Trump's Election Fight

[marmar]

President Donald Trump has had no more prominent supporter on Wall Street than Stephen Schwarzman, the chief executive officer of the Blackstone Group. Yet on Monday, he said it was time for the president to accept the outcome of the election. And Schwarzman is not alone. His voice is joining a chorus of CEOs.

When Dave Calhoun took over as CEO of Boeing Co. late last year, Yahoo Finance noted that since 2017 he had contributed $64,000 to various Republican candidates and committees. “He didn’t contribute to any Democratic candidates or committees over that period,” the website added.

Yet on Friday, as Trump continued his futile but damaging effort to overturn election results, Calhoun’s company issued a statement that said bluntly, “We look forward to working with the Biden administration,” according to the New York Times.

Facebook’s chief operating officer, Sheryl Sandberg, wrote a post acknowledging the Biden victory and offering special praise for the nation’s first female vice president, Kamala Harris. Late last week, during Walmart Inc.’s quarterly earnings call, CEO Doug McMillon pointedly congratulated “President-elect Joe Biden.” Walmart, the country’s largest private employer, never makes political statements. But it did this time, even though many of its stores are in Trump country. ............(more)

https://www.yahoo.com/now/why-ceos-uniting-against-trumps-161007002.html

[Indykatie]

1. Companies Like the Idea of a POTUS that Won't Tank Their Stock With a Nasty Tweet

[SoFlaBro]

2. It worked to turn it around

n/t