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CEOs speak out against Trump assassination attempt—and get trolled

By
Diane Brady
Diane Brady
and
Nicholas Gordon
Nicholas Gordon
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By
Diane Brady
Diane Brady
and
Nicholas Gordon
Nicholas Gordon
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July 15, 2024, 6:11 AM ET
Former President Donald Trump is rushed offstage during a rally on July 13, 2024 in Butler, Pa.
Former President Donald Trump is rushed offstage during a rally on July 13, 2024 in Butler, Pa.Anna Moneymaker—Getty Images

Good morning. 

The attempted assassination of Donald Trump this weekend prompted a number of CEOs to speak out on social media site X. There were statements from Amazon’s Andy Jassy, Marc Benioff of Salesforce, Qualcomm’s Cristiano Amon, Satya Nadella of Microsoft, GM’s Mary Barra, Tim Cook of Apple, Michael Dell, Intel’s Pat Gelsinger and Sam Altman of OpenAI, among others. The common thread was relief that the former president survived and a condemnation of violence. CEO Elon Musk also responded to the tragic attack by endorsing Trump, as did Pershing Square CEO Bill Ackman.  

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Is this a moment that calls for business leaders to make themselves heard? 

Absolutely, according to Simon Freakley, CEO of consulting firm AlixPartners. “This is a dramatic reminder that we are heading for a very challenging time, whoever wins the election,” Freakley argues, “CEOs have to be a voice of reason and stability, without being partisan. Employees will look to business leaders for reassurance.” 

That said, even neutral messages are being weaponized in this environment. Internet trolls had a field day responding with insults to the largely innocuous posts listed above. Several leaders I contacted didn’t want to comment, telling me it’s an internal communications issue or a national crisis that shouldn’t be used to draw attention to their companies. Fair points. Nobody would dispute that this was a tragedy and a failure of security. 

The risk now is that people on each side of the political spectrum might fear the other is out to destroy them. Our presidential candidates might fan those flames instead of addressing key issues and concerns about their ability to do the job. And business leaders might do the same.

Bill Ackman, for example, has spent his career taking positions in public companies, backed up by research and reasoned arguments. He’s talked to me and other journalists over the years to explain his side of the story on a range of issues. Most recently, he’s been outspoken on issues stemming from the Israel-Hamas war. Instead of condemning violence and trying to reduce extremism after the attack on Trump, Ackman instead told his followers on X that “mainstream media” can’t be trusted, as “media organizations are like sports teams that run plays chosen by their owners and executed by the coaches they hire.”   

That’s not true—here or at any of the other media organizations where I’ve worked. We don’t always get it right and should be held accountable when we get it wrong. But our job is to speak to people of all persuasions to get news and insights that our audience needs to know.  

Right now, most business leaders are trying to find common ground and reinforce shared values, instead of the hyperbole and demonization that threaten to rip the country apart. There are countries where political opponents and their supporters face violence for exercising their democratic rights. This country is not supposed to be one of them. 

More news below. 

Diane Brady
diane.brady@fortune.com
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TOP NEWS

The nepo CEO

The offspring of corporate titans are now taking leadership roles at companies: Take David Ellison, son of Oracle founder Larry Ellison, who's CEO-in-waiting of the merged Skydance-Paramount entity. Experts say “nepo CEOs” must show a willingness to listen, without undermining their own experience and credibility. And second-generation CEOs also could have advantages when it comes to relationships and networking, learned by osmosis from their parents. Fortune

China’s sluggish growth

China’s economy grew at a slower-than-forecast 4.7% annual rate in the second quarter of the year, which economists blame on weak consumer demand. “Domestic demand is insufficient, [and] enterprises are under great operating pressure,” the National Bureau of Statistics said in a statement. China’s leaders are gathering for a four-day meeting that is expected to lay out the country’s long-term economic strategy. The Associated Press

Work-from-home sticks around

The Labor Department’s Annual Time Use Survey reports that 35% of U.S. workers did some or all their work from home last year, barely changed from 34% in 2022. The rate was 24% in 2019. Remote work and flexible schedules are now firmly ingrained in U.S. professional life, despite calls from managers and bosses for workers to spend more time in the office. Fortune

AROUND THE WATERCOOLER

OpenAI announced a new scale to track AI progress. But wait—where is AGI? by Sharon Goldman

Fired airline executive collects more than $1 million after getting the ax—and keeps his platinum travel status by Amanda Gerut

Fatphobia is back with a vengeance among Gen Z girls. Here’s how slang like ‘big back’ and ‘fatty’ is damaging, say experts by Beth Greenfield

Millennials and Gen X will inherit $83.5 trillion in the next two decades—but not before spouses of the wealthy obtain their $9 trillion by Eleanor Pringle

Commentary: Venture capital could be NATO’s ultimate weapon. Here’s why by Klaus Hommels and Fiona Murray 

Tubi’s CEO credits being promoted to Vimeo’s top job at just 33 years old for being totally at ease running America’s most-watched free TV service by Orianna Rosa Royle

This edition of CEO Daily was curated by Nicholas Gordon.

This is the web version of CEO Daily, a newsletter of must-read global insights from CEOs and industry leaders. Sign up to get it delivered free to your inbox.
About the Authors
Diane Brady
By Diane BradyExecutive Editorial Director
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Diane Brady writes about the issues and leaders impacting the global business landscape. In addition to writing Fortune’s CEO Daily newsletter, she co-hosts the Leadership Next podcast, interviews newsmakers on stage at events worldwide and oversees the Fortune CEO Initiative. She previously worked at Forbes, McKinsey, Bloomberg Businessweek, the Wall Street Journal, and Maclean's. Her book Fraternity was named one of Amazon’s best books of 2012, and she also co-wrote Connecting the Dots with former Cisco CEO John Chambers.

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Nicholas Gordon
By Nicholas GordonAsia Editor
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Nicholas Gordon is an Asia editor based in Hong Kong, where he helps to drive Fortune’s coverage of Asian business and economics news.

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