Donald Trump and Kamala Harris conquer the bosses

US Vice President Kamala Harris in Pittsburgh, Pennsylvania, September 25, 2024. REBECCA DROKE / BLOOMBERG VIA GETTY IMAGES

There is, of course, the elephant in the room: Elon Musk, the richest man in the world, who continues to campaign for Donald Trump, with millions of dollars (75, until now, or 59 million euros) but also meetings and incessant messages on his social network in 2016, or even the boss of the Pershing Hedge Fund, Bill Ackman, who became a Trumpist after the Hamas terrorist attack against Israel. Finally, we find heirs, such as the Israeli-American Miriam Adelson, widow of a casino magnate and great defender of Benjamin Netanyahu.

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But, behind these usual protagonists, there is dead calm. The CEO of JP Morgan, Jamie Dimon, “boss” of Wall Street, had prepared the ground for a return of Trump in January. “Be honest. He was quite right about NATO. He was pretty right about immigration, he grew the economy pretty well. Tax reform worked. He was partly right about China”said Mr. Dimon, during the Davos Forum, in Switzerland. Since then, he has been careful not to support him. The boss of Hedge Fund Citadel, Ken Griffin, who had supported his Republican opponents in the primary, the governor of Florida, Ron DeSantis, then the former ambassador to the United Nations Nikki Haley, ultimately did not help Trump .

And when we leave the world of finance for large American industrial and service companies, the silence is deafening. “Hardly any major American CEO supports Donald Trump. And if the opposite idea is repeated in the international press, it is because of their propaganda. But ask them to name five, name three, name two. There is not a single CEO on the list of the top 100 companies in Fortune who supports Trump », tells us Jeffrey Sonnenfeld, professor at the prestigious Yale management school and founding president of the Chief Executive Leadership Institute, specializing in business leaders.

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Donald Trump was expected to win against Joe Biden, but the duel with his successor requires caution. Kamala Harris is not Joe Biden. The outgoing president gave a workerist speech, very favorable to the unions. He was determined to face companies with an aggressive antitrust policy, a denunciation of their margins deemed excessive and the desire to increase their taxes. Even if she has hardly amended Joe Biden’s most left-wing program in half a century, Kamala Harris intends to embody the social ascension of the middle classes and is more favorable to the business world, invoking her Californian roots when she is aimed at tech companies. She might not reappoint the very left-wing antitrust boss Lina Kahn, hated in Silicon Valley, including by big donors to the Democratic Party like LinkedIn co-founder Reid Hoffman.

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