As the 2024 presidential election is less than two months away, Wolfe Research head of US policy and politics Tobin Marcus joins Catalysts to discuss how corporations are navigating the tight competition between Vice President Kamala Harris and former President Donald Trump.

"I think a lot of corporate leaders are trying not to get caught crosswise. If I were advising the C-Suite of a company that had no need to get involved in the election, I would probably advise them to try to stay out of it, if for no other reason than because there's so much uncertainty about the outcome, and you don't really want to get caught on the wrong side... particularly given the possibility of vindictiveness, I think, more so from a Trump administration," Marcus explains.

He notes that Trump has garnered lots of support from businesses and major leaders in the financial industry. However, he explains, "the educational polarization in the country has definitely changed the lines around where business leaders tend to go in terms of their support for the two parties. Increasingly Democrats are the coalition of kind of highly educated America, which is where, of course, the workforce for most big corporations draws very heavily from. So that, I think, changes the considerations relative to how folks would have thought about it a generation ago."

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This post was written by Melanie Riehl