Corporate America’s Maga moment?
Good morning from Capitol Hill and welcome to White House Watch! I'm Steff Chávez, the FT's Washington reporter.
It’s a big day here as Senate confirmation hearings for Donald Trump’s cabinet picks get under way. Today, controversial defence secretary nominee Pete Hegseth is in the hot seat. But in the meantime, let’s get into:
It’s the dawn of a new era of conservatism in corporate America, as executives embrace Trump and the new Republican Washington.
Companies are reshaping how they interact with society — and tech billionaires, financiers and the heads of well-known consumer groups are leading the way. It’s a mirror image of the surge in support for social justice causes after a police officer killed George Floyd in 2020.
To curry favour with the president-elect — who has a history of making personal attacks on companies and executives he doesn’t like —?CEOs are parading through Mar-a-Lago, donating to the inauguration fund and doing business with Trump’s inner circle.
Last week Amazon announced it would release a “behind the scenes” documentary about Melania Trump, produced by the incoming first lady herself. . . . Register for the FT to keep reading the newsletter for free.
Capture Strategist and Channel Alliance
1 个月When corruption acquires a new name i.e., to curry favour ??
Managing Partner at BLACK MOUNTAIN LIMITED
1 个月House of cards series 7!
Director w Romtex Co LTD
1 个月from my private collection' https://www.dhirubhai.net/feed/update/urn:li:activity:7279667160547758082/
??Founder of Amplify.
1 个月A Russian oligarch is a wealthy and powerful individual in Russia who typically gained significant wealth during the rapid privatization of state assets in the 1990s, following the collapse of the Soviet Union. The term is often associated with a small group of businessmen and elites who acquired vast fortunes through favorable access to government connections, state resources, and industries like oil, gas, and minerals.... according to ChatGPT. No similarity here whatsoever as the 36Trillion Debt to 30Trillion GDP Ratio continues to widen while Elon's DOGE being the sign of government deleveraging. Nothing to see here folks!