Some executives, including Dimon, Fraser, and Moynihan, will attend a private meeting with Trump, while others will not be present.

Some executives, including Dimon, Fraser, and Moynihan, will attend a private meeting with Trump, while others will not be present.
Some executives, including Dimon, Fraser, and Moynihan, will attend a private meeting with Trump, while others will not be present.
  • A private meeting is scheduled for Thursday, where Donald Trump will speak and be attended by Jamie Dimon, Jane Fraser, and other major business leaders.
  • Over a dozen individuals who were invited to the meeting have opted to not attend.
  • The CEOs who are willing to attend a meeting with Trump and those who are not could be reflected in the meeting's attendee list.

On Thursday, some of the world's most powerful corporate leaders will be addressed by former President Donald Trump, although there will be some notable absences.

Jeff Zients, President Joe Biden's chief of staff, will speak to the CEOs in Biden's place because the president is in Italy at the G7 meeting.

The Business Roundtable spokeswoman stated that about 100 out of the 200 CEOs who are part of the forum are expected to attend the quarterly meeting in Washington on Thursday, which is a typical participation rate.

The Business Roundtable's more than 200 CEO members were contacted by CNBC to determine their attendance at Thursday's meeting.

Over several days, more than 180 companies did not respond to emails, but only 17 confirmed whether or not the company's CEO was attending.

Four CEOs out of the 17 corporate spokespeople who responded to CNBC said their CEOs planned to attend. These CEOs are Jamie Dimon, Jane Fraser, Brian Moynihan, and Pedro Pizarro.

13 CEOs will not attend the meeting between Trump and Zients.

Several CEOs, including Group CEO Steve Schwarzman, CEO David Solomon, CEO Sara Armbruster, CEO Darren Woods, Air Lines CEO Ed Bastian, CEO Ted Pick, and executive chairman James Gorman, as well as CEO Lynn Good, will not be attending the conference, according to their company representatives.

Some attendees, including Armbruster, Good, and Solomon, are unable to attend due to scheduling conflicts and travel. CEOs Larry Fink and Satya Nadella, however, are reportedly attending the G7 summit in Italy.

Neither Woods nor Bastian's representatives responded to inquiries regarding the absence of their CEOs at the meeting. Similarly, Fink and Nadella's representatives did not respond to requests for comment.

The list of attendees at the meeting may reveal which CEOs are willing to visit Washington to meet with Trump, and which are not, following his conviction in New York on 34 counts of falsifying business records just weeks ago.

Trump's remarks to the group could provide a contrast to what Biden said in his speech to CEOs at a March 2022 Business Roundtable meeting.

During his reelection campaign, the president is emphasizing his administration's record of strong antitrust enforcement and prohibiting companies from charging customers for services that don't incur any costs to the company.

Some business leaders have expressed opposition to these policies and are hoping for a second Trump administration to ease regulations.

Despite public appearances, Biden has privately pursued corporate America's support through meetings with CEOs and industry leaders on economic recovery and global standing.

The reason busy CEOs were willing to travel to Washington to meet with Trump was due to the close presidential race.

McCarthy stated on CNBC's Squawk Box on Wednesday that he believes CEOs recognize the same thing as everyone else, which is that he will succeed.

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Several CEOs have shifted their attitude towards the former president by choosing to attend Thursday. Following the Jan. 6, 2021 attack on the Capitol by Trump supporters, several top executives broke sharply with Trump, either publicly or privately.

Last year, Dimon advised attendees at the New York Times' DealBook conference to support Trump's rival, former U.N. ambassador Nikki Haley, in her primary fight against Trump.

If Haley performed well, voters might have a better Republican choice than Trump, according to the former president, who criticized Dimon on social media as an "overrated globalist."

But just two months later, Dimon had changed his tune.

"Be honest, [Trump] was partially right about NATO and immigration. He successfully grew the economy and implemented trade tax reform. He was also correct about some aspects of China," Dimon stated at the World Economic Forum in Davos.

Trump's proposed economic plan for his second term could potentially cause inflation to rise, which is a concern for investors and consumers who have been hoping for the Federal Reserve to lower interest rates in response to decreasing inflation.

The former president has suggested prolonging the expiration of his first-term tax cuts and imposing strict tariffs on all imports, particularly those originating from China.

In Davos, Dimon stated that his defense of some Trump policies was partly to avoid being on the bad side of the notorious Trump, who is known for his vengeful nature.

"I will be ready for both Trump and Biden to win, and we will handle both scenarios."

by Brian Schwartz

Politics