- A survey of 134 American CEOs was conducted during last week’s Yale CEO Summit in New York.
- The event was off the record, but The New York Times got access to the results of the survey.
- At the top of the CEOs’ list of worries? President Donald Trump. Check out the full list:
1. President Donald Trump
Almost 90% of CEOs surveyed said the president’s negotiating style had cost the US the trust of its allies, while three in four CEOs said they often had to apologise to their foreign business partners for the president’s behaviour. Three-quarters of CEOs also said they felt the president wasn’t leading effectively on national security.
2. The arrest of Huawei CFO Meng Wanzhou — and Trump’s potential intervention.
While over three-quarters of CEOs said it was appropriate for Canada to arrest Meng, the CFO of the Chinese tech company Huawei, only one in five said Trump should intervene in the case (Reuters reported last week that Trump said he might intervene on Wanzhou’s behalf if he thought doing so would be good for trade). Less than half of the respondents said the arrest might affect their future travel plans, but 60% said Huawei’s situation could affect trade tensions.
3. A recession caused by political instability.
Half of respondents expressed fear the US could wind up in a recession by the end of the year.
Sixty-seven per cent blamed political instability in the nation and trade negotiations.
4. Need for more government regulation of tech companies.
Following a year of revelations regarding the tech industry’s potential influence on the 2016 election (including Facebook’s multiple scandals), as well as massive data leaks, 90% of CEOs surveyed said technology companies needed more regulation.
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