Top CEOs largely silent on Trump election denial, for now

WASHINGTON: Only a few of America's CEOs have made public statements about President Donald Trump's refusal to accept his election loss, but in private, many are alarmed and talking about what collective action would be necessary if they see an imminent threat to democracy.

On Saturday, the day after the video meeting, the Business Roundtable, a group that represents the most powerful companies in America, including Walmart, Apple, Starbucks and General Electric, put out a statement congratulating Biden and his running mate, Kamala Harris. It largely reflected the conversation from Friday's video meeting, saying the group respects Trump’s right to seek recounts and call for investigations where evidence exists.

The issues Trump’s campaign and its allies have pointed to are typical in every election: problems with signatures, secrecy envelopes and postal marks on mail-in ballots, as well as the potential for a small number of ballots miscast or lost. With Biden leading Trump by wide margins in key battleground states, none of those issues would affect the outcome of the election.

The CEOs decided to wait for the Nov 20 certification of votes in Georgia before meeting to decide their next moves. Action could include threats to stop donations to political action committees or even corporate relocations, Sonnenfeld said. The CEOs weren't worried about reprisals against their businesses but emphasised acting together. They referred to a Benjamin Franklin quote at the signing of the Declaration of Independence: “Yes, we must, indeed, all hang together, or most assuredly we shall all hang separately,” according to Sonnenfeld.

The time may come for CEOs to speak out, but most are assuming that Trump's legal challenges and threats are just theater and the change in power will take place uneventfully, Glover said.

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