America's CEOs fall out of love with Trump

[DonViejo]

America’s CEOs fall out of love with Trump

The early parades of meetings and West Wing photo ops trailed off before CEOs started publicly breaking with the president over his Paris decision.

By BEN WHITE and ANNIE KARNI 06/03/2017 07:19 AM EDT

NEW YORK – The relationship between corporate America and Donald Trump’s White House has chilled.

The regular parades of business titans into the West Wing are gone. A gathering of executives led by Blackstone CEO Stephen Schwarzman initially planned for next week fell apart amid scheduling conflicts.

Tesla CEO Elon Musk and Disney CEO Bob Iger quit as outside advisers to President Donald Trump following his rejection of the Paris climate accords. Dozens of other executives also publicly rebuked the White House over the decision, including Goldman Sachs CEO Lloyd Blankfein—a former colleague of many top administration officials—used his first-ever tweet to criticize the Paris decision, calling it a “setback for the environment and for the U.S.'s leadership position in the world.”

Chief executives and senior corporate lobbyists are also dismayed that the administration’s big Capitol Hill agenda – including repealing Obamacare and passing massive tax cuts – appears stalled. And the White House is now engaged in a very public fight with itself over how and when to raise the debt limit, a terrifying prospect for Wall Street and the rest of corporate America. Executives also remain puzzled by regular reports of imminent shakeups in the West Wing, including the possible replacement of chief of staff Reince Priebus.

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http://www.politico.com/story/2017/06/03/donald-trump-ceos-corporate-relationship-239080

[pangaia]

1. jeeze, if all these 'corporate executives are FOR trumpsters 'pulling out,'

maybe we should re-think it.

Maybe he has the right idea after all..

[DK504]

2. These guys are starting to realize he is horrible for business.

Despite the fact he is destroying regulations from OSHA to the EPA they are still losing money.

[Phoenix61]

3. I never got the love fest

He's a lousy businessman. Multiple bankruptcies, lawsuits, failed projects. How did they think he would be good for business?

[BumRushDaShow]

4. They also figure

they won't be getting their tax breaks this year (via the AHCA and/or a revised tax code legislation) so they are walking away... for now.

[CousinIT]

5. Even Jeff Immelt tweeted against Trump's 'exit' decision on Paris.

It was - besides a very bad decision for our poor old Earth - a boneheaded business decision as well. Totally stupid in so many ways.

Link to tweet