Once staunch defenders of free enterprise, conservative business groups are largely silent regarding Donald Trump’s actions to control private businesses. These groups, such as the US Chamber of Commerce and the Business Roundtable, which previously criticized government overreach, have remained quiet despite Trump’s interventions like demanding a cut of Nvidia’s China sales and considering a government stake in Intel. The president’s actions, including public criticism of CEOs and unorthodox arrangements, have created an environment where businesses fear retribution for dissent, opting to wait for promised tax cuts instead. This silence highlights a shift in the risk calculus for corporations under Trump’s administration.
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The swift about-face by numerous CEOs, from initially abandoning Donald Trump following the January 6th, 2021 Capitol riot to now actively courting his favor as he prepares for a potential return to the White House, speaks volumes about the priorities of corporate America. It’s a stark reminder that loyalty in the business world often hinges less on principles and more on perceived self-interest.
This recent flurry of activity, characterized by public displays of support and expensive fundraising efforts, is driven by a simple calculation: securing a future operating environment conducive to profit maximization. The perceived threat of a Trump administration enacting policies unfavorable to certain industries likely motivates this rush to gain his favor.… Continue reading
The irony of GM’s profit nearing record highs a year after claiming it couldn’t afford to meet its workers’ pay demands seems almost comical at first glance, but beneath that surface is a grim reality that speaks volumes about the state of corporate America. I find myself reflecting on how often I’ve encountered this narrative, where companies cry poverty just as they are about to close negotiations that could lead to meaningful improvements for their employees. It’s a playbook that’s become all too familiar over the years.
When GM executives, led by CFO Paul Jacobson, proclaim about the strong revenue growth and profitable operations while simultaneously refusing to uplift workers’ wages, I can’t help but feel a knot in my stomach.… Continue reading
John Q. Hosedrinker 
Matt Underwood