Absurdly wealthy billionaires may be breakfasting with Donald Trump and cutting him huge checks that make up for his lack of small-dollar fundraising, but the guys who run America’s largest businesses are lining up behind President Joe Biden.
According to data compiled by Jeffrey Sonnenfeld, the head of the Chief Executive Leadership Institute at Yale University, the majority of corporate CEOs are Republicans. However, the number of Fortune 100 CEOs who have cut a check for Trump is exactly zero. Trump has “the lowest level of corporate support in the history of the Republican Party," Sonnenfeld said.
It’s not that the CEOs love everything about Biden. They would surely love to see fewer environmental regulations and lower corporate taxes. But they recognize a good thing when they see it. As Sonnenfeld wrote in The New York Times, those CEOs know that Biden delivers a more stable, robust economy than Trump—an economy that is genuinely good for their businesses.
Also, Trump simply terrifies them.
