Voternomics: Why Endorsing Candidates Has Become ‘Terrible’ for Business
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 3 November 2024
⏱️ 35 minutes
🧾️ Download transcript
Summary
On this episode of Voternomics, hosts Allegra Stratton and Stephanie Flanders discuss decisions by US executives not to endorse either Vice President Kamala Harris or Donald Trump in the presidential election. From Warren Buffet to the Jeff Bezos-owned Washington Post, Charles Elson, founding director of the Weinberg Center for Corporate Governance, argues such displays of impartiality are a “return to the tradition.”
Bloomberg Businessweek senior writer and Elon, Inc. podcast contributor Max Chafkin also joins this episode to explain Elon Musk’s devotion to Trump and the potential consequences for his company and the country. What is Tesla set to win or lose in this election? And will Musk be given a government role by Trump should he win?
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Transcript
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| 1:01.8 | Bloomberg Audio Studios. Podcasts, Radio News. Welcome back to Votanomics where politics and markets collide. |
| 1:19.3 | This year, voters around the world have the ability to affect markets, countries and economies like never before. |
| 1:26.2 | So we've created this series to help you make sense of |
| 1:29.2 | it all. I'm Allegra Stratton. And I'm Stephanie Flanders. So Steph, we this week are tackling an issue |
| 1:36.4 | that I think we all think goes to the heart of what Votonomics is all about, which is basically |
| 1:40.6 | boardrooms colliding with election results. |
| 1:50.8 | And the reason it's particularly acute this week is probably two examples of it. |
| 1:56.7 | One is what happened at the Washington Post over their decision not to endure well, |
| 1:58.8 | their decision not to endorse a candidate at all, |
| 2:02.9 | and whether or not that was complicated by their proprietors' business interests. |
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