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While some Wall Street billionaires are openly supporting Donald Trump’s bid to return to the White House, most top executives at publicly traded companies are a different story, according to Pangaea Policy founder Terry Haines.
The former president’s conviction on 34 felony counts by a New York jury will lead to a “measurable but small drip, drip, drip away from Trump” among the overall electorate, he told Bloomberg TV on Friday after telling clients in note that it will also make attracting serious financial and political backing on Wall Street harder.
That’s despite billionaires like Blackstone CEO Stephen Schwarzman and Miriam Adelson supporting Trump, with and Pershing Square CEO Bill Ackman slamming the hush-money trial and reportedly leaning toward endorsing Trump too.