Source: Fortune
Summary
As the US-Iran war enters its fifth week, CEOs are growing increasingly frustrated with the Trump administration’s policies. While some business leaders, such as JPMorgan’s Jamie Dimon and BlackRock’s Larry Fink, see potential benefits from the conflict, others, like Dow’s Jim Fitterling and Chevron’s Mike Wirth, warn of dire consequences if the Strait of Hormuz isn’t reopened to shipping. The war has already led to a 50% increase in oil prices, forcing Asia to seek alternative energy sources, and has cost US taxpayers around $1 billion a day. Over 60 CEOs have signed a letter protesting the administration’s policies, and some are starting to speak out against the war.
Our Reading
The numbers tell one story.
CEOs are caught between fiduciary duty and frustration with the Trump administration’s policies. While some see potential benefits from the war, others warn of dire consequences. The economic impact is already being felt, with oil prices up 50% and 10,000 jobs lost. The war is costing US taxpayers $1 billion a day, and over 60 CEOs have signed a letter protesting the administration’s policies. As the situation continues to unfold, will CEOs break their silence and speak out against the war?
One CEO confessed to being “shell-shocked” by the administration’s policies but feels trapped by fiduciary duty.
Author: Diane Brady
