The “Trump option” still has value for U.S. CEOs

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For U.S. CEOs, supporting the president is a little like holding a financial option. While the Trump option has value, it isn’t worth what it was, writes GinaChon.

Merck Chief Executive Kenneth Frazier told CNBC on June 1 that George Floyd, an unarmed black man who died in police custody in Minneapolis on May 25, “could be me.” He and other corporate bosses have condemned racial injustice as protests continue in dozens of U.S. cities.

Frazier was also among the executives who quit White House advisory councils in 2017 after President Donald Trump said that violent clashes at a white supremacist rally in Virginia had demonstrated hatred and bigotry on “many sides.”

 

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ReutersBiz GinaChon Interesting analogy from,” Corporate Finance 101”.

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