Trump's Potential GOP Nomination Garners Lukewarm Response From Wall Street Executives
Many Wall Street executives have accepted Trump will likely win the GOP nomination and are not speaking out against him. Few are willing to actively fund efforts to defeat Trump in the primary to avoid angering him or dividing constituencies. Financial executives are cautious about taking sides in a close presidential race, aiming to avoid division among their employees, investors, and customers, as noted by Jeffrey Sonnenfeld from the Yale School of Management.
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00:00 It's Benzinga and here's what's on the block.
00:02 Many Wall Street executives have accepted that Trump will likely win the GOP nomination and are
00:06 not speaking out against him. Few are willing to actively fund efforts to defeat Trump in the
00:10 primary to avoid angering him or dividing constituencies. Financial executives are
00:14 cautious about taking sides in a close presidential race, aiming to avoid division
00:18 among their employees, investors, and customers, as noted by Jeffrey Sonnenfeld from the Yale
00:23 School of Management. Jamie Dimon singled a softer tone on Trump, saying he was kind of
00:27 right on some issues, and both candidates mean business survival. Blackstone CEO Steve Schwarzman,
00:31 who previously sought alternatives to Trump, remains non-committal on endorsing him for 2024,
00:36 suggesting a wait-and-see approach despite his earlier call for new Republican leadership.
00:40 For all things money, visit Benzinga.com.