The Straits Times
Donald Trump could sway a company with a tweet when he arrived in Washington.PHOTO: EPA-EFE
PublishedJan 10, 2021, 2:57 pm SGT
https://str.sg/JDap
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Even as the Trump administration comes to its chaotic end, with calls for the president to be immediately removed from office, the business world is stepping delicately.
In Trump era s end, an uneasy reckoning for Corporate America
Jeff Green, Bloomberg News VIDEO SIGN OUT
Corporate America is parting with its CEO president carefully.
Four years after Donald Trump swept into the White House, cowing executives and shaking markets with tweet storms and tantrums, corporations that applauded when he cut taxes and red tape are struggling to come to grips with the havoc that s now followed.
After Trump incited a mob of loyalists to storm the Capitol Wednesday, prominent business figures swiftly condemned the violence without mentioning the president by name. Only one major business group, the National Association of Manufacturers, singled him out. Even as the Trump administration comes to its chaotic end, with calls for the president to be immediately removed from office, the business world is stepping delicately.
“I see the same problems are going to start rising, because banks are being shut down, people are being told to stay home,” said Jay Zagorsky, senior lecturer at Boston University’s Questrom School of Business. “Once people start becoming fearful of using Coinstar, can’t get into their bank lobbies, stores are shut down so rolls of quarters are being locked up in rolls in managers’ offices. We’re going to go back into a coin shortage problem again.”
That means the coin shortage of 2020 is certain to bleed into 2021.
Those who haven’t been following the story might wonder what it’s all about.