President Donald Trump’s Iran war is straining corporate America’s tolerance, with CEOs largely silent due to fear of presidential retribution, according to Fortune’s Diane Brady reporting from CERAWeek in Houston.
Despite their fears, mounting economic damage may force business leaders to break ranks.
Economists warn recession risks are high, oil prices have surged over 50 percent, and the war costs taxpayers approximately $1 billion daily while destroying 10,000 jobs.
Energy sector leaders from Dow and Chevron warned of dire consequences if the Strait of Hormuz blockade continues, forcing Asia to seek alternative energy sources. More experts spoke out, with Chubb CEO Evan Greenberg calling democracy “fragile,” and Citadel’s Ken Griffin labeling the administration favoritism “extremely distasteful.”
Over 60 corporate leaders, including executives from Target, Best Buy, and General Mills, already protested ICE enforcement actions. One CEO admitted feeling “shell-shocked” but constrained by fiduciary duty from public opposition.
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