Business

The ‘awesome’ power of America’s CEOs

America’s CEOs have suddenly become “a new political force,” wielding “awesome power,” said Felix Salmon at Axios. “They have money, they have power, and they have more of the public’s trust than politicians do.” We saw that on full display last week from a “broad coalition of CEOs who are silencing Trump and punishing his acolytes in Congress.” Corporate political action committees, or PACs, gave $91 million directly to members of the House of Representatives in the last election cycle, according to The New York Times, and companies spent billions more on political advertising through “Super PACs.” Now many of them have turned off the money to politicians who voted to overturn the election results.

Source:

theweek.com

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