Inside the Room Where CEOs Say What They Really Think of Trump's Policies [View all]
Inside the Room Where CEOs Say What They Really Think of Trumps Policies
Americas top executives worry about moves that many see as state capitalism and pressure on the Federal Reserve
By Chip Cutter
Updated Sept. 17, 2025 9:55 pm ET
WASHINGTONCorporate leaders regularly praise the Trump administration and its policies in public. Behind closed doors, their mood is darker.
At a meeting of CEOs and other executives on Wednesday convened by the Yale School of Management, dozens of Americas business leaders sounded off on their concerns about tariffs, immigration, foreign policy matters and what many described as an increasingly chaotic, hard-to-navigate business environment.
Theyre being extorted and bullied individually, but in private discourse, theyre really upset, said Jeffrey Sonnenfeld, a Yale management professor who organized the event, referring to recent deals that give the U.S. government a cut of certain Nvidia chip sales and a golden share in U.S. Steel.
The meeting included prominent corporate executives such as Motorola Solutions CEO Greg Brown, who also received an award for leadership; Booking Holdings CEO Glenn Fogel; and Ethan Allen CEO Farooq Kathwari. Other attendees included the heads of major manufacturers, consumer brands, automakers, technology companies and investment firms. Many who shared their concerns Wednesday in the confines of a private conference room didnt want to speak publicly for fear that their companies could be targeted by the administration or that they could attract criticism from Trump.
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