Politics Magazine

Business Leaders Have Poor View Of Trump

Posted on the 17 June 2017 by Jobsanger
Business Leaders Have Poor View Of Trump
Donald Trump has always bragged about his business acumen, and told voters he would apply that to the presidency. But CEO's and other business leaders aren't too impressed with Trump's first 130 days. Consider this from CNN Money:
A stunning 50% of the CEOs, business execs, government officials and academics surveyed at the annual Yale CEO Summit give Trump an "F" for his first 130 days in office.  The survey, released earlier this week, found that another 21% give Trump's performance a "D" so far. Just 1% of the 125 leaders polled awarded the billionaire an "A." The overarching message from CEOs is: "Stop the random 3 a.m. tweets and stop the needless brushfires diverting from the agenda," said Jeffrey Sonnenfeld, the Yale School of Management professor who led the summit.  Sonnenfeld noted that 80% of those surveyed are CEOs, including Blackstone (BX) CEO Steve Schwarzman and IBM (IBMTech30) boss Ginni Rometty, who sit on Trump's advisory council and Merck (MRK) CEO Ken Frazier, a member of the president's manufacturing initiative. (Individual responses by each CEO were not released.)  "This was not a granola-eating crowd of Democrat entrepreneurs. It's a cross-section of the business community, including some who are quite pro-Trump," he said.  The Yale findings are the latest evidence that some pockets of the business community are growing disenchanted with Trump as his administration struggles to implement its economic agenda amid scandal and missteps. Earlier this month, Trump's withdrawal from the Paris climate accord sparked an unprecedented revolt by CEOs. Business leaders led by Tesla (TSLA)founder Elon Musk, Disney CEO Bob Iger and JPMorgan Chase boss Jamie Dimon publicly bashed the decision. Goldman Sachs (GS)CEO Lloyd Blankfein even sent his first-ever tweet to slam the move as a "setback" for U.S. leadership in the world.  CEOs surveyed by Yale agree with that sentiment. Two-thirds of respondents indicated that Trump's decision to pull out of the Paris climate accord diminished America's global standing. Another 86% expressed concern about Trump minimizing Russian security mischief.  Business leaders are not impressed with Trump's budget either. Three-fourths of survey respondents said the administration's budget proposal is not sound.

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