KKK Candidate bad for business

[HoverBoarder]

It looks like more and more companies are choosing not to attend the GOP convention seemingly in a bid to avoid being associated with the unapologetically racist and sexist presidential GOP candidate.

Ford and JPMorgan join growing list of companies shunning Donald Trump’s coronation in Cleveland

Big corporations usually shy away from partisan politics, but they often support conventions to promote their brands and schmooze with state and federal officials. Trump’s nomination threatens both of those priorities, according to Republican operatives who advise companies on political activities.

“It’s a question of balancing the desire to be present at this convention versus brand association with one figure who is so polarizing,” said Bruce Haynes, a Republican media consultant in Alexandria, Virginia. “That's why the decision is so difficult, when otherwise it's so easy.”

Quite simply, it is bad business to be associated with a candidate who has long known to have had more staunch support from major white supremacist groups than any other major candidate in recent history. The list of the companies that have decided to avoid the Republican convention all together solely because of Trump continues to grow daily. The risk of being associated with a candidate who utilizes racist arguments in order to make up for a lack of substantive policy far outweighs the benefit of reaching the large numbers of reasonable delegates who will attend the convention.



The problems for US business with a Trump presidency is not just focused around being tied to a racist platform. His serious lack of judgement on major issues, and out of control erratic behavior presents a major risk for companies in the US. Some US companies have already started to look at long list of risks of a Trump presidency, and have even considered moving headquarters out of the US to mitigate that risk.

How Businesses Should Prepare For President Trump

Anyone doing business overseas also needs to start pondering worst-case scenarios. “It’s not unlikely that a President Trump will confront other countries – like Russia and China – so aggressively on trade or other issues that those powers will retaliate against U.S. companies doing business there,” says Alex Manning, Senior Government Relations Director at Arent Fox. Manning can envision excessive “hurdles” that, if not overtly confiscatory, may make it impossible to successfully compete.

“Who knows how Trump might react to an espionage or cyber incident,” adds Manning. As risk management options in such situations, Manning does not rule out simply moving headquarters to a different country or at least “calling out” the Trump Administration so vigorously as to persuade Moscow or Beijing that the company is a staunch ally and punitive measures are therefore ill-advised.

These are major problems for companies, workers, and all tax payers in the US. Trump's erratic and manic behavior present a real danger to anyone who wants to see solid and stable economic growth in the country.

 

[DavidJames]

I'm sure the sponserships will be replaced by Gun manufacturers,white linen producers and construction companies that specialize in building walls.

 

[shemp]

I'm sure the sponserships will be replaced by Gun manufacturers,white linen producers and construction companies that specialize in building walls.

And the bus companies that will be shipping millions back to Mexico.

 

[Gord_in_Toronto]

And the bus companies that will be shipping millions back to Mexico.

I thought the idea was for them to walk "home"? In which case ® Blister Treatment.

 

[Jim_MDP]

I thought the idea was for them to walk "home"? In which case ® Blister Treatment.

Dr. Scholl's Comfort Insoles?

I think some electrolyte replacement might be in order too... Gatorade?

 

[Foolmewunz]

What they don't mention is that corporate involvement in national conventions is also how the organization defrays the costs of the event. The programs and little cards on the tables or chairs all say, "This refreshment break is brought to you by General Electric", or whomever picks up the tab. This will happen at every lunch and dinner through the week. Smart organizers will arrange hotel packages that include breakfast, but there are dozens of morning opportunities for the cheaper corporations to hold networking breakfasts at the various hotels, feeding four or five hundred, each.

If they can't get the usual "fat cats" to pick up the tab, we may see a Bad News Bears scenario. "This lunch is brought to you by Chico's Bail Bonds."

Costs are obscene. My company put up a buffet lunch for only four hundred in Shenzhen and it was twenty thousand usd. Had we done it in Hong Kong it would've been 25k. In New York - 30. And that was for four hundred. With entourages, hangers-on, press, etc... they have to feed and "refresh" 15000.

 

[Tony]

Looks like the repubs are finally getting money out of politics.

 

[marplots]

Didn't Trump claim he'd be getting big business out of politics?

I can't keep his claims straight or I would probably know the answer.