In a virtual gathering of chief executives convened to discuss political turbulence stemming from the 2020 election, leaders of some of the largest U.S. companies said they were considering withholding donations toDuring an hourlong meeting Tuesday, a group of about three dozen chief executives discussed divisions in the country, efforts to thwart the presidential transition and what voice they thought business should have in politics, according to people who participated in the conversation.
Among business leaders on the call were Walt Disney Co. Executive Chairman Robert Iger, a noted Democrat whounder the Biden administration; Accenture PLC Chief Executive Officer Julie Sweet, a Republican who has donated to Sen. Ted Cruz; and Merck & Co. CEO Ken Frazier, who publicly broke with President Trump in 2017, but has donated to candidates from both parties, including Senate Majority Leader Mitch McConnell.
Also in the meeting, people familiar with the gathering said, were Goldman Sachs Group Inc. Senior Chairman Lloyd Blankfein, a Democrat, and Deloitte CEO Joseph Ucuzoglu, who doesn’t disclose his political affiliation, both of whom donated to Republicans in recent years. The discussion began with a conversation about political instability in the country, the people said.
“Considering withholding”?
It can't come too soon.
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