• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Leadership

Why Donald Trump’s New Braintrust May Explode

Shawn Tully
By
Shawn Tully
Shawn Tully
Senior Editor-at-Large
Down Arrow Button Icon
Shawn Tully
By
Shawn Tully
Shawn Tully
Senior Editor-at-Large
Down Arrow Button Icon
August 17, 2016, 5:21 PM ET
An unmanned Antares rocket is seen exploding seconds after lift off from a commercial launch pad in this still image from NASA video at Wallops Island, Virginia October 28, 2014.  The 14-story rocket, built and launched by Orbital Sciences Corp, bolted off its seaside launch pad at the Wallops Flight Facility at 6:22 p.m. EDT/2222 GMT.  It exploded seconds later. The cause of the accident was not immediately available.  REUTERS/NASA TV/Handout via Reuters  (UNITED STATES - Tags: SCIENCE TECHNOLOGY DISASTER TPX IMAGES OF THE DAY) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS - RTR4BYKF
An unmanned Antares rocket is seen exploding seconds after lift off from a commercial launch pad in this still image from NASA video at Wallops Island, Virginia October 28, 2014. The 14-story rocket, built and launched by Orbital Sciences Corp, bolted off its seaside launch pad at the Wallops Flight Facility at 6:22 p.m. EDT/2222 GMT. It exploded seconds later. The cause of the accident was not immediately available. REUTERS/NASA TV/Handout via Reuters (UNITED STATES - Tags: SCIENCE TECHNOLOGY DISASTER TPX IMAGES OF THE DAY) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS - RTR4BYKFPhotograph by NASA — Reuters
Add Fortune on Google for similar content.

To reverse his fading fortunes, Donald Trump is placing two new power players in his campaign’s top positions. His choices, however, are likely to result in what students get from mistakenly mixing an acid with a base in chemistry class: an explosion. That’s the view of political operatives interviewed by Fortune, none of whom wished to be quoted on the record.

On August 16, the campaign announced that Stephen Bannon, executive chairman of Breitbart News, will become its CEO, a newly-created position and will “bolster the business-like approach of Mr. Trump’s campaign,” according a press release from the campaign.

Bannon will oversee “campaign staff and operations,” the release states. Kellyanne Conway, a veteran Republican strategist, is the new campaign manager. Paul Manafort, whose reputation has suffered following the discovery of secret ledgers from the deposed, pro-Kremlin Ukrainian regime listing him as the recipient of millions of dollars in cash, remains as “chairman and chief strategist.”

However, it’s clear that Manafort is being demoted—despite protests from the Trump campaign and Manafort himself, who said: “It is imperative we continue to expand our team with top-tier talent. Steve and Kellyanne are respected professionals who believe in Mr. Trump and his message and will undoubtedly help take the campaign to new levels of success.”

So who’s setting the overarching strategy? According the release, Bannon won’t just run administration, but will be responsible for “strategic oversight of major campaign initiatives.” Conway will “work on messaging and travel frequently with Mr. Trump.” In most campaigns, the campaign manager—Conway’s role—makes the personnel decisions, chooses the ads, and hones the messaging. But Conway is apparently sharing all three areas of responsibility with Bannon. This arrangement is like putting two CEOs in charge of company, a solution that almost never works, even if it’s not a flailing company.

Fortune asked the Trump campaign via email to specify who would have the final authority—meaning the authority to recommend a position to Trump—on such matters as TV advertising and staffing. We did not receive any reply by press time, but will post the campaign’s response if we get one.

According to sources who’ve worked with both Bannon and Conway, they’re so different in positions and temperament that Trump is likely to be hearing two totally divergent views on how to run his campaign. The risk, these politicos say, is that while Trump will eventually go with one camp or the other, the confusion that reigns while the conflict festers with further damage his prospects.

Bannon and Conway do have traits in common. They’re both conservative populists who advised the movement’s two leading proponents: Bannon backed Trump from the start of the primaries, while Conway counseled Ted Cruz. But Bannon is a champion of the most anti-immigrant, anti-free trade, rip-the-establishment wing, or fringe of the GOP. He’s charged that House Speaker Paul Ryan “was grown in a petri dish of the Heritage Foundation.” Recent stories in Breitbart praise a Norwegian police chief for declaring that “xenophobia is highly rational and justified,” and blasts the “refugee resettlement industry” for opening American to a dangerous flood of Muslim immigrants. Trump’s incendiary attacks on the Hispanic judge in the Trump University case and a Muslim family who lost their son in Iraq received strong support on Breitbart.

By contrast, Conway is an attorney-turned pollster who’s advised an impressive roster of candidates, including Fred Thompson, and the pre-Trump Mike Pence. She’s conducted surveys for the Republicans aimed at heightening the party’s lagging appeal to women. Conway is a pragmatist who fashions the message according to how it plays not in a raucous sports arena, but in the national and swing-state polls.

Trump made a decent impression on mainstream voters with his three recent addresses on the economy, the defeat of ISIS, and public safety. Clearly, those speeches were part of a “pivot” to serious issues advocated by Manafort, a shift designed to exploit voters’ dissatisfaction with the economy and fear of growing, terrorism-breeding chaos abroad. On the airplane and in the green room, it’s likely that Conway will prod Trump to stay on message. Given her past record of following polls, she’ll likely advise him to make the pivot permanent, and to refrain from the attacks on fellow Republicans and the press that muddy his message.

But Bannon is a flame-thrower like his new boss, who this week said: “I don’t want to pivot. I don’t want to change. You have to be you. If you start pivoting, you’re not being honest with people.”

If he follows that pattern, Bannon will keep encouraging Trump to be Trump, to be spontaneous on the stump, to speak the “truth,” to revel in shunning political correctness, to beware the pivot points him to a cliff. For Bannon, as he’s sated, the Trump that won the primary is the Trump who will prevail in the general election. He’s predicting a giant wave of frustrated blue-collar voters will propel Trump into the White House.

A likely scenario, according to operatives who know the two counselors, is that the data-driven Conway is likely to cite polls and big data showing that Bannon’s approach can’t work. According to their view, her aim will be to keep Trump on message. But if Bannon sticks to past form, he will warn Trump that shelving the spontaneous style that made history is a big mistake. Will Trump go with his gut, with the roar of the crowd, with what he wants to hear— in other words, with Bannon? Or will he make a cool, clinical choice based on what it takes to win—and go with Conway?

The answer is uncertain. What’s Trump doesn’t need is two strategies that are on collision course. Trump needs a team that’s all about teamwork for a change, not another episode of high drama.

 

About the Author
Shawn Tully
By Shawn TullySenior Editor-at-Large

Shawn Tully is a senior editor-at-large at Fortune, covering the biggest trends in business, aviation, politics, and leadership.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Trump’s 927-page disclosure is just a normal Tuesday for direct indexing and crypto wealth managers
InvestingDonald Trump
Trump’s 927-page disclosure is just a normal Tuesday for direct indexing and crypto wealth managers
By Catherina GioinoJuly 1, 2026
2 hours ago
How foodservice giant Sodexo is embracing AI and robotics to reshape the kitchen
NewslettersCIO Intelligence
How foodservice giant Sodexo is embracing AI and robotics to reshape the kitchen
By John KellJuly 1, 2026
8 hours ago
U.S. Polo Assn. CEO J. Michael Prince
SuccessThe Promotion Playbook
U.S. Polo Assn. CEO was told he wasn’t right for a promotion—so he ‘outworked’ anyone else who wanted the job for 6 months straight
By Orianna Rosa RoyleJuly 1, 2026
9 hours ago
Nikesh Arora, chief executive officer at Palo Alto Networks
SuccessJobs
CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut
By Emma BurleighJuly 1, 2026
10 hours ago
DHL plane being refuelled at airport by man in high-vis jacket
EuropeAviation
The Iran conflict saw jet fuel prices soar—when you use 1.88 million tonnes a year, how you respond really matters (just ask DHL)
By Sam ForsdickJuly 1, 2026
12 hours ago
I know how Gen Z can survive the ‘jobpocalypse’ because I built an AI company — in 2015
CommentaryCareers
I know how Gen Z can survive the ‘jobpocalypse’ because I built an AI company — in 2015
By Jeremy FainJuly 1, 2026
14 hours ago

Most Popular

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
18 hours ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
7 days ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
5 days ago
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
Newsletters
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
By Diane BradyJuly 1, 2026
16 hours ago
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
2 days ago
Current price of oil as of July 1, 2026
Personal Finance
Current price of oil as of July 1, 2026
By Joseph HostetlerJuly 1, 2026
12 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.