- A gaggle of former CEOs revealed an op-ed Tuesday endorsing Kamala Harris for president.
- They wrote that Donald Trump can be unhealthy for enterprise and unhealthy for the US economic system.
- It comes as Trump has touted the help of Elon Musk and leaders in finance and different industries.
A gaggle of former CEOs who led main US firms — together with American Airways, LinkedIn, Xerox, and American Specific — made the case for Kamala Harris in an op-ed one week earlier than Election Day.
The 17 enterprise leaders mentioned they had been voting for Harris as a result of they thought she’d be higher for the economic 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 Specific CEO Ken Chenault, former Sony CEO and present Snap chairman Michael Lynton, and others who led giant, publicly traded firms.
“Many Individuals proceed to consider that the CEOs of the nation’s largest firms are largely Donald Trump supporters — however nothing might be farther from the reality,” they wrote.
The group mentioned present CEOs could not have the ability to communicate out publicly due to potential penalties to their companies. Due to that, they mentioned they felt obligated to talk up as former leaders who’re in contact with energetic CEOs.
They mentioned Trump has taken “excessive anti-business” positions, together with proposing “draconian” tariffs on imports. In addition they criticized Trump’s talk about eliminating the Fed’s independence.
The group mentioned they arrive from completely different political backgrounds however are supporting Harris partially due to the state of the US economic system. They cited GDP growth, document inventory market valuations, wage progress, and employment ranges, amongst different measures.
The op-ed comes after Elon Musk has turn out to be more and more concerned in supporting Trump’s presidential bid. “I have never been politically energetic earlier than; I am politically energetic now as a result of I believe the way forward for America and the way forward for civilization is at stake,” Musk said at a town hall he hosted final Saturday in Swatara Township, Pennsylvania.
Different business leaders have publicly supported Trump, together with Blackstone CEO Stephen Schwarzman, who mentioned this week that Trump can be “environment friendly and efficient.”
In the meantime, some enterprise leaders have averted taking a place publicly even when they help one candidate or one other in non-public.
Jeffrey Sonnenfeld, a professor on the Yale Faculty of Administration and founding father of the Chief Government Management Institute, who’s listed as one of many two non-CEO authors of Tuesday’s op-ed, beforehand informed Enterprise Insider that almost all chief executives don’t publicly endorse candidates as a result of they’re “involved about alienating prospects and workers needlessly.”
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