{"id":227077,"date":"2024-06-01T18:10:09","date_gmt":"2024-06-01T18:10:09","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/01\/top-ceos-dont-want-to-risk-public-blowback-for-supporting-trump-analyst-says\/"},"modified":"2025-06-25T17:18:09","modified_gmt":"2025-06-25T17:18:09","slug":"top-ceos-dont-want-to-risk-public-blowback-for-supporting-trump-analyst-says","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/01\/top-ceos-dont-want-to-risk-public-blowback-for-supporting-trump-analyst-says\/","title":{"rendered":"Top CEOs ‘don’t want to risk public blowback’ for supporting Trump, analyst says"},"content":{"rendered":"

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While some Wall Street billionaires<\/a> are openly supporting Donald Trump\u2019s bid to return to the White House, most top executives at publicly traded companies are a different story, according to Pangaea Policy founder Terry Haines.<\/p>\n

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The former president\u2019s conviction on 34 felony counts<\/a> by a New York jury will lead to a \u201cmeasurable but small drip, drip, drip away from Trump\u201d among the overall electorate, he told Bloomberg TV on Friday<\/a> after telling clients in note that it will also make attracting serious financial and political backing on Wall Street harder. <\/p>\n

That\u2019s despite billionaires like Blackstone<\/a> CEO Stephen Schwarzman and Miriam Adelson supporting Trump, with and Pershing Square CEO Bill Ackman<\/a> slamming the hush-money trial and reportedly leaning toward endorsing Trump<\/a> too.<\/p>\n

But Haines drew a distinction between billionaires like that and the heads of most other large, public companies.<\/p>\n

\u201cIf you\u2019re looking for the average Fortune 500<\/a> CEO or C-suite person who has to answer to shareholders, they\u2019re going to be awfully circumspect about how they put themselves out there or if they put themselves out there at all,\u201d he said. \u201cI mean, they don\u2019t want to risk public blowback for supporting Trump, I think.\u201d<\/p>\n

Meanwhile, the conviction has sparked a surge in fundraising<\/a> with the Republican Party\u2019s WinRed platform collapsing briefly on Thursday under the weight of grassroots donors. On Friday evening, the Trump campaign said it took in nearly $53 million in the 24 hours after the verdict, setting a new Republican record and narrowing the fundraising gap with President Joe Biden.<\/p>\n

Trump is scheduled to be sentenced on July 11, just days before the Republican National Convention starts in Milwaukee on July 14.<\/p>\n

Regardless of what sentence Trump receives, Haines expects the convention to be \u201cput forward at a very high pitch,\u201d which may help energize the Republican base.<\/p>\n

\u201cBut I think that turns off a lot of the independents that Trump needs in order to win the general\u201d election, he added. \u201cI think that might be a problem for him.\u201d<\/p>\n<\/div>\n<\/div>\n

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[ad_1] While some Wall Street billionaires are openly supporting Donald Trump\u2019s bid to return to the White House, most top executives at publicly traded companies<\/p>\n","protected":false},"author":1,"featured_media":227078,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[149],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/227077"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=227077"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/227077\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/227078"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=227077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=227077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=227077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}