CEOs aren't impressed by Trump, but they're 'flocking' to him anyway

[LetMyPeopleVote]

A growing number of CEOs have come to believe that Donald Trump is clueless. They're "flocking" to him anyway. It's the result of a misguided calculus.

Link to tweet

https://www.msnbc.com/rachel-maddow-show/maddowblog/ceos-arent-impressed-trump-re-flocking-anyway-rcna157745

The presumptive GOP nominee had another chance to make a better impression later in the day, during a gathering with corporate executives. As NBC News reported, that appearance wasn’t a success, either.

Former President Donald Trump failed to impress everyone in a room full of top CEOs Thursday at the Business Roundtable’s quarterly meeting, multiple attendees told CNBC. ... Several CEOs “said that [Trump] was remarkably meandering, could not keep a straight thought [and] was all over the map,” CNBC’s Andrew Ross Sorkin reported Friday on “Squawk Box.”

One CEO who attended the closed-door event said plainly, “Trump doesn’t know what he’s talking about.”

.....Anthony Scaramucci, a hedge fund executive who briefly served as Trump’s White House communications director in 2017, told Politico, “You need a democracy to have effective capitalism. If you don’t, you get cronyism. You get oligarchy. You get crony capitalism. You get arbitrary and capricious administration to the law, which reduces people’s tendency to invest in your country.”

It’s an important point. I realize there will be some — inside corporate boardrooms and out — who look at the 2024 presidential race and effectively say, “Democracy is all well and good, but I’m more concerned about my wallet.”

That calculus is misguided, in part because Trump is unlikely to deliver the economic utopia he’s promising — he’s already failed once — and in part because moving away from democracy is inherently bad for the economy.

It’s something Business Roundtable members might want to keep in mind as they weigh whether to rally behind a presidential hopeful who “doesn’t know what he’s talking about.”

[FalloutShelter]

1. Two issues: Tax Breaks and Regulation

[RussBLib]

2. Yep, they probably think Trump can be manipulated...

....into doing what they want. Don't people realize this gasbag will turn on them in a nanosecond if they say anything to cross him? The guy is far too unstable to occupy the Oval again.

https://russblib.blogspot.com

[Initech]

3. Yup - they vote with their damn wallets and bank accounts. Every single time.

There's more reasons to vote besides your money, guys. And the economy is doing great, despite what Murdoch's minions are telling you.

This is what peddling 50 years of Reagan's big lie has got us.

[LetMyPeopleVote]

4. Here is why these CEOs are supporting TFG

[CrispyQ]

5. But you kids are gonna pay your GD college loans off, you slackards!

[Irish_Dem]

7. Trump is going to want a big cut of their profits.

And if they don't pay up they need to stay away from windows in tall buildings.

[haele]

6. It's the Chicago/Austrian School MBA training.

Maximize Shareholder earnings, so they will continue investing in your financial products.
Basically, the Austrian School redefines Capital to only include Finance and Capital Holdings, divorcing the human and environmental factors, both Labor and external Economic forces, - as in local populations, social, environmental and household wellbeing. By making Labor and external economic forces fungible costs, those categories are now considered simply challenges to overcome, rather than opportunities and risks to incorporate.
Most MBAs follow the rentier model of business - attract other people's money to make more money and offload direct costs to other entities, like customers or contractors. It's like taking out loans to gamble. If they're good at gambling, it's "good for business". If they don't make a profit, they don't carry a lot of debt they have to be responsible for. Who cares about those left carrying the debt that got jettisoned, anyway? A "successful" investment can always find new suckers - err, investors. It's a lazy way of doing business; concern that an entity shows continued profit at certain benchmark reports to attract investors and market shares, while not caring about actual production or economies outside that report.
And that's what US CEOs and corporations have been practicing pretty much are accustomed to do for decades.
So, an idiot promising to make it easier to show a big profit every quarter will be preferable to an thoughtful leader concerned about a holistic economy to maintain an overall long term quality of life and business opportunities, whether or not a few rich folks make enough profits to convince lots of less rich people to throw more money at them.

Haele

[0rganism]

8. Don't rule out fear as the primary motivation

It doesn't seem like simple greed at this point. Corporations and their officers have proven repeatedly that they can make plenty of money regardless of the flavor of national leadership.

No, this smells like fear to me. If these high-profile people back Trump and Biden wins, there will be very little in the way of consequences. But if they don't back Trump and Trump wins, he's going to need fresh celebrities to feed his gallows to make a point.

If TSF wins, get ready for loyalty oaths if you want to keep your job.

[spanone]

9. Eff the CEO's.

Take your money to hell with you.

[LetMyPeopleVote]

10. TFG is trying to bribe corporate leaders

Link to tweet

[Yavin4]

11. Corporate America does not care about competence.

They only care about what can you do for me. Any CEO will put with total incompetence if it means they get what they want in the end.