1 hari yang lalu
- A group of erstwhile CEOs published an op-ed Tuesday endorsing Kamala Harris for president.
- They wrote that Donald Trump would beryllium bad for business and bad for nan US economy.
- It comes arsenic Trump has touted nan support of Elon Musk and leaders successful finance and different industries.
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A group of erstwhile CEOs who led awesome US companies — including American Airlines, LinkedIn, Xerox, and American Express — made nan lawsuit for Kamala Harris successful an op-ed 1 week earlier Election Day.
The 17 business leaders said they were voting for Harris because they thought she'd beryllium amended for nan system than erstwhile President Donald Trump. They made their lawsuit successful Fortune connected Tuesday.
The group included former LinkedIn CEO Reid Hoffman, former American Airlines CEO Doug Parker, former American Express CEO Ken Chenault, erstwhile Sony CEO and existent Snap president Michael Lynton, and others who led large, publically traded companies.
"Many Americans proceed to judge that nan CEOs of nan nation's largest companies are mostly Donald Trump supporters — but thing could beryllium further from nan truth," they wrote.
The group said existent CEOs whitethorn not beryllium capable to speak retired publically because of imaginable consequences to their businesses. Because of that, they said they felt obligated to speak up arsenic erstwhile leaders who are successful touch pinch progressive CEOs.
They said Trump has taken "extreme anti-business" positions, including proposing "draconian" tariffs connected imports. They besides criticized Trump's talk astir eliminating nan Fed's independence.
The group said they travel from different governmental backgrounds but are supporting Harris successful portion because of nan authorities of nan US economy. They cited GDP growth, grounds banal marketplace valuations, costs growth, and employment levels, among different measures.
The op-ed comes aft Elon Musk has go progressively progressive successful supporting Trump's statesmanlike bid. "I haven't been politically progressive before; I'm politically progressive now because I deliberation nan early of America and nan early of civilization is astatine stake," Musk said astatine a municipality hall he hosted past Saturday successful Swatara Township, Pennsylvania.
Other business leaders person publically supported Trump, including Blackstone CEO Stephen Schwarzman, who said this week that Trump would beryllium "efficient and effective."
Meanwhile, immoderate business leaders person avoided taking a position publically moreover if they support 1 campaigner aliases different successful private.
Jeffrey Sonnenfeld, a professor astatine nan Yale School of Management and laminitis of nan Chief Executive Leadership Institute, who is listed arsenic 1 of nan 2 non-CEO authors of Tuesday's op-ed, antecedently told Business Insider that astir chief executives don't publically endorse candidates because they're "concerned astir alienating customers and labor needlessly."
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