9 July 2024
The 2024 presidential election is seeing a notable lack of financial support from America’s top CEOs, with only two out of the 100 biggest companies’ leaders making disclosed donations to either major party candidate. This trend continues a decline in CEO engagement in presidential politics that began with Donald Trump’s entry into the political arena. While some business figures are backing Trump or Biden, the vast majority of top executives are keeping their distance financially. This marks a significant shift from previous elections, such as 2012, when CEO involvement was much higher. The total donations from these top executives to presidential candidates amount to only about $88,000, with most of that going to Trump’s now-defunct primary rivals.