Executives sucking up to Trump now have to factor in the ‘first buddy,' Elon Musk
Zuckerberg’s Political Dilemma #
Mark Zuckerberg, CEO of Meta, once distanced himself from politics, avoiding engagement with Washington unless necessary and limiting potentially partisan activities. However, recent developments have shifted his approach significantly.
Following Donald Trump’s election victory, Zuckerberg aspires to play an active role in shaping tech policy within the new administration. The stakes are high: defying Trump could harm Meta’s stock or trigger a boycott.
In an unexpected move, Trump has embraced Elon Musk as an influential ally. Musk appears to hold sway over executives seeking access to Trump, complicating matters for Zuckerberg, who shares a fractious history with both men.
There’s a palpable shift in corporate leadership attitudes, with a preference for discreet or sycophantic behavior. Companies are reevaluating their commitments to diversity, equity, and inclusion, highlighted by Walmart’s decision to end certain racial equity and Pride events programs. This shift is indicative of broader trends as businesses align with a leadership style that prioritizes traditional profit-driven goals over stakeholder capitalism.
Zuckerberg, familiar with the risks associated with Trump’s political climate, recalls when Trump criticized Facebook on CNBC, causing Meta’s stock to plummet. Zuckerberg recognizes that Meta’s rapid growth owes much to favorable regulatory conditions, crucial as it competes with TikTok and YouTube.
Despite potential personal aversion to politics, Zuckerberg acknowledges the necessity of engagement to protect Meta’s interests in this evolving corporate and political landscape.