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America's Top CEOs Worry about Trump's Drift Toward Quasi-Socialist System

Top CEOs worry that Donald Trump isn't exactly Making America Great Again, unless the goal was to turn it into a quasi-socialist system. They find his policies both illegal and ineffective.

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Sarah Jones
Sep 21, 2025
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Behind closed doors, America’s top CEOs shared concerns about Trump’s “drift toward a quasi-socialist system,” as well as the fact that nearly three-quarters of all executives surveyed “said they the courts are correct in saying Trump’s tariffs are illegal as implemented.”

Top American CEOs gathered at the Yale Chief Executive Leadership Institute’s CEO forum that brings together leaders with Fortune 500 CEOs. Direct quotes are off the record. The CEOs are “primarily Republican.”

The Fortune forum “welcomed senators from both parties and senior Trump administration officials,” and they had to then face “a near-unanimous decision from more than 100 leading business leaders, representing some of the world’s largest companies and most recognized brands: Trump’s policies are ineffective,” Fortune tells us.

Yes, a room full of capitalist Republicans say Trump’s policies are “ineffective.”

They worry about Trum…

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