You are here: Home » International » News » Companies
Business Standard

In Donald Trump era's end, an uneasy reckoning for corporate America

After Trump incited a mob to storm the Capitol, prominent business figures swiftly condemned the violence

Topics
Donald Trump | corporate culture | US Capitol attack

Jeff Green | Bloomberg 

corporate
The heads of Wall Street’s biggest firms, from JPMorgan Chase & Co and Blackstone Group to Goldman Sachs Group and BlackRock, also called for an end to the violence

Corporate America is parting with its CEO president — carefully.

Four years after swept into the White House, cowing executives and shaking markets with tweet storms and tantrums, corporations that applauded when he cut taxes and red tape are struggling to come to grips with the havoc that's now followed.

After Trump incited a mob to storm the Capitol, prominent business figures swiftly condemned the violence — without mentioning the president by name. Only one major business group, the National Association of Ma­nu­­fac­turers, singled him out.

Ice cream maker Ben & Jerry’s Homemade blasted Trump in an eight-part tweet, summing it up with a call for him to resign or for the government to remove him. But most of the condemnation was more generically focused on “elected officials” for their role in perpetuating the position that the election was fraudulent and encouraging the anger. Like the powerful, evil wizard Voldemort in a Harry Potter book, Trump was the protagonist who was not named. “Today marks a sad and shameful chapter in our nation’s history,” Apple Inc CEO Tim Cook said in a Wednesday tweet. ‘Those responsible for this insurrection should be held to account.”

The CEOs of Business Machines, Coca-Cola, Pfizer, Dell, Cisco Systems, United Parcel Service, and General Motors made similar statements forcefully condemning the events without mentioning any politicians by name.

The heads of Wall Street’s biggest firms, from JPMorgan Chase & Co and Blackstone Group to Goldman Sachs Group and BlackRock, also called for an end to the violence. With less than two weeks left before Trump leaves office, it’s probably too late for to speak out directly against him, said Davia Temin, founder of crisis consultancy Temin and Co.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, January 09 2021. 02:17 IST
RECOMMENDED FOR YOU
.