Joe Nocera, Columnist

Why CEOs Are Uniting Against Trump's Election Fight

Executives want an end to the pandemic and divisiveness, and the president is blocking progress on both.

November 23, 2020 at 4:10 PM UTC

Corrected

November 23, 2020 at 6:18 PM UTC

Joe Nocera is a former Bloomberg Opinion columnist. He has written business columns for Esquire, GQ and the New York Times, and is the former editorial director of Fortune. He is the host and writer of the Bloomberg-Wondery podcast "The Shrink Next Door."

Shrinking circle of supporters.
Photographer: Mandel Ngan/AFP/Getty Images

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President Donald Trump has had no more prominent supporter on Wall Street than Stephen Schwarzman, the chief executive officer of the Blackstone Group. Yet on Monday, he said it was time for the president to accept the outcome of the election. And Schwarzman is not alone. His voice is joining a chorus of CEOs.

When Dave Calhoun took over as CEO of Boeing Co. late last year, Yahoo Finance noted that since 2017 he had contributed $64,000 to various Republican candidates and committees. “He didn’t contribute to any Democratic candidates or committees over that period,” the website added.