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From cutting all ties with Trump to pulling political donations, here's how corporate America has responded to the Capitol insurrection

The US Capitol during riots on January 6. REUTERS/Leah Millis During the US Capitol insurrection, businesses condemned the rioters. In the days after, they swapped words for concrete action. Some have cut off all political funding, others have severed ties with President Donald Trump. Here's how social-media giants, banks, retailers, and other firms have reacted. Visit Business Insider's homepage for more stories. Since rioters stormed the US Capitol on January 6 in a desperate bid to over...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Twitter, Business, Politics, White House, US, America, Trends, Social Media, Joe Biden, New Jersey, Pga, Reddit


'President Trump lost many of his supporters, including me.' Billionaire Trump donor Doug Leone blames Trump for the insurrection.

Sequoia's Doug Leone is the latest conservative billionaire businessman to renounce his support for Trump after last week's insurrection. Getty Images Billionaire VC Doug Leone was once one of Trump's strongest supporters in Silicon Valley, donating over $100,000 to his 2020 reelection campaign. He told Insider he no longer supports the president after his role in inciting the riots on Capitol Hill last week.  "After last week's horrific events, President Trump lost many of his sup...
Tags: Apple, Google, Startups, Politics, Congress, US, America, Trends, Tim Cook, Venture Capital, Silicon Valley, Capitol Hill, Blackstone, Khosla Ventures, Vinod Khosla, Sequoia


Visa axes Plaid deal - Gensler reportedly tapped as new SEC chair - Inside SoFi's plans to go public

Gary Gensler is working on Biden's financial regulatory plans. Chip Somodevilla/Getty Images Guess who's back?Gary Gensler, the former chair of the CFTC, is set to be picked by President-elect Joe Biden as the next chair of the SEC, according to a report from Reuters.Gensler is quite an adjustment (to put it mildly) from former SEC chair Jay Clayton. Gensler was known for overseeing plenty of new regulation in the wake of the financial crisis, including implementing rules around how com...
Tags: Washington, US, Trends, Joe Biden, New Zealand, Cftc, SEC, Department Of Justice, Biden, Donald Trump, Doj, Blackstone, Vox Media, SoFi, Silver Lake, Visa


Amazon joins Airbnb, Marriott, and other US corporate giants in cutting off donations to Republican lawmakers who opposed Biden's certification as president

Supporters of US President Donald Trump broke into the US Capitol on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Amazon has become the latest US corporate giant to cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. It joins Morgan Stanley, Dow, and AT&T in deciding to cut funding to specific Republicans. Separately, JP Morgan, Citibank, Microsoft, and Facebook said they will temporarily pause all political donations to both...
Tags: Google, Amazon, Facebook, Politics, Microsoft, Congress, Hotels, Finance, Senate, Boston, US, Trends, Tech, General Motors, Bloomberg, Joe Biden


Walmart, Amazon and other US corporate giants in cutting off donations to Republican lawmakers who opposed Biden's certification as president

Supporters of US President Donald Trump broke into the US Capitol on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Walmart will halt political donations to lawmakers that opposed certifying president-elect Joe Biden's victory. It joins Amazon, Morgan Stanley, Dow, and AT&T in deciding to cut funding to specific Republicans. Separately, JP Morgan, Citibank, Microsoft, and Facebook said they will temporarily pause all political donations to both Republicans and Democrats...
Tags: Google, Amazon, Facebook, Politics, Microsoft, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Walmart, Bloomberg, Joe Biden


Marriott, Morgan Stanley, Dow, and other US firms are cutting off donations to Republican politicians that opposed Biden's certification as president

Supporters of US President Donald Trump broke into the US Capitol on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, and Dow are among companies cutting off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. Goldman Sachs is reportedly likely to follow suit. Separately, JP Morgan, Citibank, Microsoft, and Facebook said they will temporarily pause all political donations to both Republicans and Democrats comple...
Tags: Facebook, Politics, Microsoft, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc


Marriott, Morgan Stanley, Dow, and other US firms are cutting off Republicans that opposed Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, and Dow are among companies cutting off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. Goldman Sachs is reportedly likely to follow suit. Separately, JP Morgan and Citibank said they will temporarily pause all political donations to both Republicans and Democrats completely. Last We...
Tags: Facebook, Politics, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc, Mary Barra


In the wake of the Capitol siege, Marriott, Morgan Stanley, and other US firms are cutting off Republicans that opposed Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, the Blue Cross Blue Shield Association, and Commerce Bank have cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president, and Goldman Sachs is reportedly likely to follow suit. JP Morgan and Citigroup have all said they will temporarily pause all political donations to both Republicans ...
Tags: Facebook, Politics, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc, Mary Barra


In the wake of the Capitol siege, Marriott, Morgan Stanley, Dow, and other US firms are cutting off Republicans that opposed Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, the Blue Cross Blue Shield Association, and Commerce Bank have cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president, and Goldman Sachs is reportedly likely to follow suit. JP Morgan and Citigroup have all said they will temporarily pause all political donations to both Republicans ...
Tags: Facebook, Politics, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc, Mary Barra


Marriott and Citi suspend political donations to GOP lawmakers who sided with Trump and objected to Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott and Citi have cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president.  Marriott and Citi are among the largest US companies to announce the will halt PAC donations to the GOP members who took part in the failed attempt to overturn the election. Companies including Microsoft, Google, GM, and Coca-Cola...
Tags: Amazon, Facebook, Politics, Texas, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Missouri


Marriott is pulling donations to Republicans who voted to overturn the election, while JP Morgan and Citigroup are halting political donations altogether

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, the Blue Cross Blue Shield Association, and Commerce Bank have cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president.  JP Morgan, Goldman Sachs, Morgan Stanley, and Citigroup have all said they will temporarily pause all political donations to both the Republicans and Democrats completely. Last Wed...
Tags: Facebook, Politics, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc, Mary Barra


Marriott suspends political donations to GOP lawmakers who sided with Trump and objected to Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott has cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. The hotel chain said the decision was the result of last week's siege on the US Capitol by pro-Trump supporters. Marriott is one of the largest US companies to announce it was halting PAC donations to the GOP members who took part in the fai...
Tags: Amazon, Facebook, Politics, Texas, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Missouri


Former Goldman Sachs CEO Lloyd Blankfein says Wall Street turned a blind eye to risks posed by Trump

Lloyd Blankfein, ex-CEO of Goldman Sachs, speaks at the Boston College Chief Executives Club. Thomson Reuters Lloyd Blankfein, ex-chair and CEO of Goldman Sachs, said Wall Street had "put a clothespin on our nose" when it came to Donald Trump's presidency.  "He was delivering what 'we' wanted ... we weren't ignorant of the kind of risks we were taking. We repressed them," Blankfein told The New York Times.  Blankfein, who left Goldman in 2018, didn't vote for Trump. In September, he seemed...
Tags: Apple, Google, Wall Street, Trends, Joe Biden, New York Times, Tim Cook, Goldman Sachs, The New York Times, Donald Trump, Goldman, Blackstone, Lloyd Blankfein, Jamie Dimon, Sundar Pichai, Trump


Blackstone CEO and longtime Trump ally Stephen Schwarzman says he is 'shocked and horrified' by the 'insurrection' that followed the president's speech, calls for a peaceful transition

Jim Spellman/Getty Images, Tasos Katopodis/Getty Images Blackstone CEO Stephen Schwarzman slammed the violence in Washington, DC, that followed Trump's speech on Wednesday, calling it an "insurrection." "I am shocked and horrified by this mob's attempt to undermine our constitution," he said in a statement to Insider. Schwarzman had previously defended Trump's lawsuits challenging the election results during a phone call in November with dozens of Fortune 500 CEOs. Visit Business Insider'...
Tags: News, Finance, US, Trends, Pennsylvania, Washington Dc, Donald Trump, Blackstone, Trump, Schwarzman, Stephen Schwarzman, US Capitol, Tyler Sonnemaker, Capitol Siege, White House Schwarzman, AP Schwarzman


How to land a job at Blackstone, according to the private-equity giant's president and its head of HR

Blackstone president and COO Jon Gray was hired as an analyst at the firm in 1992 Drew Angerer/Getty; Skye Gould/Business Insider Jon Gray still remembers what it was like when he was hired as an entry-level analyst at a seven-year-old private-equity shop in New York City in 1992."It was a tiny place ... I think there were 80 or 90 people," Gray said of Blackstone, a firm that would go on to become the world's largest alternative investment manager and, during Gray's time as head of global ...
Tags: New York City, Trends, Chicago, Blackstone, Bain Capital, Gray, Stephen Schwarzman, Jon Gray, Pete Peterson, Wall Street Oasis, Angerer Getty, Skye Gould Business Insider Jon Gray, University of Pennsylvania Gray, Casey Sullivan Reed Alexander, Carlyle Group Apollo


Biden taps Yellen — Banks pause return-to-office plans — Investors pour money into magic mushrooms

A trader works on the trading floor after the closing bell at the New York Stock Exchange (NYSE) in New York City Reuters The pick is in.President-elect Joe Biden will nominate Janet Yellen, the former Federal Reserve Chairwoman, to be the next Treasury secretary, according to The Wall Street Journal. Yellen has a laundry list of achievements in the public sector, having previously served as the head of the White House Council of Economic Advisers, in addition to her time as the leader of t...
Tags: America, Trends, Joe Biden, Treasury, Janet Yellen, Federal Reserve, Biden, Blackstone, Wall Street Journal, Trump, Yellen, Fed, Stephen Schwarzman, White House Council of Economic Advisers, New York Stock Exchange NYSE, Noam Galai Getty


Trump's closest business ally just admitted that the president lost the election

Stephen Schwarzman, CEO of Blackstone, and President Donald Trump. Jim Spellman/Getty Images, Tasos Katopodis/Getty Images The outcome of the 2020 election is "very certain," and Joe Biden is the president-elect, Blackstone CEO Stephen Schwarzman told Axios Monday. Schwarzman is a longtime ally of President Donald Trump. He praised the president, but said that "the country should move on," and stated his readiness to help Biden's team. Schwarzman is Trump's closest business ally yet to nam...
Tags: Politics, Elections, US, Trends, Joe Biden, Gop, Silicon Valley, Republican Party, Biden, Donald Trump, Blackstone, Blackrock, Trump, Election 2020, Schwarzman, Stephen Schwarzman


Major business leaders signed a letter urging Trump to concede, and warn that 'our democracy grows weaker' the longer the presidential transition is delayed

President-elect Joe Biden speaks Saturday, Nov. 7, 2020, in Wilmington, Del. Associated Press/Andrew Harnik Over 100 American business leaders have signed a joint letter urging President Trump to concede the 2020 presidential election to President-elect Joe Biden. "Every day that an orderly presidential transition process is delayed, our democracy grows weaker in the eyes of our own citizens and the nation's stature on the global stage is diminished," the letter reportedly says. Executives...
Tags: Politics, New York, News, America, Trends, Strategy, Georgia, Joe Biden, New York Times, General Services Administration, US Senate, Republican, Biden, Times, Donald Trump, Blackstone


Major business leaders reportedly signed a letter urging Trump to concede, and warn that 'our democracy grows weaker' the longer the presidential transition is delayed

President-elect Joe Biden speaks Saturday, Nov. 7, 2020, in Wilmington, Del. Associated Press/Andrew Harnik Over 100 American business leaders have signed a joint letter urging President Trump to concede the 2020 presidential election to President-elect Joe Biden, the New York Times reported on Monday morning. The group includes the president of private equity firm Blackstone and the head of real estate firm Tishman Speyer.  "Every day that an orderly presidential transition process is del...
Tags: New York, America, Trends, Georgia, Markets, Joe Biden, Economy, New York Times, General Services Administration, US Senate, Republican, Biden, Times, Donald Trump, Blackstone, Kamala Harris


Blackstone's Schwarzman defended Trump during a meeting of top CEOs discussing what to do if the president refuses to concede the election

Blackstone CEO Stephen Schwarzman donated $3 million to America First Action, a political action committee that supports Trump. Arnd Wiegmann/Reuters The Blackstone Group CEO Stephen Schwarzman defended President Donald Trump's reaction to the election during a meeting with top CEOs on November 6, according to the Financial Times. The meeting was held with more than 24 CEOs of Fortune 500 firms to discuss what to do if Trump refused to leave the White House or concede to President-elect Jo...
Tags: Politics, Senate, White House, Trends, Joe Biden, Pennsylvania, Comcast, Philadelphia, Associated Press, Republican, Biden, Times, Donald Trump, Blackstone, Financial Times, Steve


How to ace an interview at Blackstone, according to the private-equity giant's president and its head of HR

Blackstone president and COO Jon Gray was hired as an analyst at the firm in 1992 Drew Angerer/Getty; Skye Gould/Business Insider Jon Gray still remembers what it was like when he was hired as an entry-level analyst at a seven-year-old private-equity shop in New York City in 1992."It was a tiny place ... I think there were 80 or 90 people," Gray said of Blackstone, a firm that would go on to become the world's largest alternative investment manager and, during Gray's time as head of global ...
Tags: New York City, Trends, Chicago, Blackstone, Gray, Stephen Schwarzman, Cerberus, Jon Gray, Pete Peterson, Wall Street Oasis, Angerer Getty, Skye Gould Business Insider Jon Gray, University of Pennsylvania Gray, Casey Sullivan Reed Alexander


Blackstone CEO Schwarzman says investors can buy both pricey tech and cheap stocks that haven't yet rebounded

FILE PHOTO: 2019 World Economic Forum (WEF) annual meeting in Davos Reuters Blackstone CEO Stephen Schwarzman said investors can buy both expensive technology companies right now and companies that have not yet rebounded. "Not all companies have recovered their valuations," the billionaire co-founder said. "So it gives you a chance to play some technology things ... and it also is possible to buy some other companies that haven't yet rebounded to the same degree." Schwarzman said that the r...
Tags: Trends, Markets, Economic recovery, Stock Market, Blackstone, Cnbc, Billionaire, Wef, Schwarzman, Stephen Schwarzman, Blackstone Group, Real Estate Investing, Tech Stocks, Visit Business Insider, Stock Market Analysis, Emily Graffeo


Oatly vegan milk faces activist anger after Trump-supporting billionaire Schwarzman's Blackstone acquired a stake

Hollis Johnson/INSIDER Oatly is facing outrage from activists after signing a deal with Trump-linked private equity firm Blackstone.Climate and political activists have called out Oatly's decision to partner with Blackstone, which partially owns two Brazilian firms accused of contributions to deforestation in the Amazon.Activists also object to Blackstone chairman Stephen Schwarzman being a prominent supporter of President Donald Trump.Schwarzman recently donated $3 million to the pro-Trum...
Tags: Amazon, Jay Z, US, Trends, Howard Schultz, Brazil, Warren Buffett, Starbucks, Nielsen, Donald Trump, Blackstone, Trump, Schwarzman, Stephen Schwarzman, Roc Nation, Hollis Johnson


10 things you need to know before the opening bell

New York Stock Exchange Floor Governor Brendan Connolly, left, works with traders Peter Tuchman, John Panin and Sal Suarino, second left to right, on the floor of the NYSE, March 9, 2020. Richard Drew/AP Photo Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.Here's what you need to know before markets open.1. France reveals fresh stimulus worth 100 billion euros — almost 4% of its GDP and bigger than any other European economy. France ...
Tags: Japan, France, China, Global, US, Trends, Bloomberg, Beijing, Berkshire Hathaway, Warren Buffett, New York Stock Exchange, Richard, Blackstone, Wall Street Journal, Nyse, Trump


Citadel's intern bubble — BlackRock power players— IPO filing frenzy

 Happy Saturday!This week was a non-stop S-1 filing frenzy. Just to name a few:  Unity, Sumo Logic, Asana, Jfrog, and Snowflake all filed on Monday; Palantir's S-1 flipped on Tuesday; and digital health startup GoodRx revealed its IPO documents on Friday. But while there's a long list of companies gearing up for public debuts, be it through direct listings or IPOs, more investors are also getting the green light to pile into private markets. The SEC announced this week that it was "modernizing" ...
Tags: Apple, Florida, US, Trends, Getty Images, Ubs, Wisconsin, SEC, Goldman Sachs, Amex, KKR, Blackstone, Palantir, Cto, Warburg Pincus, Blackrock


Private-equity capital calls; payments winners and losers; the future of flex office

  Welcome to Wall Street Insider, where we take you behind the scenes of the finance team's biggest scoops and deep dives from the past week.  If you aren't yet a subscriber to Wall Street Insider, you can sign up here. Private-equity firms are racing to help portfolio companies in vulnerable industries, and as Casey Sullivan reports, LPs have seen a surge in capital calls. PE shops are also talking through alternative exit strategies and doing daily check-ins to examine financial performance in...
Tags: Amazon, Softbank, US, America, Trends, Bank Of America, Oxford, Manhattan, WeWork, Andreessen Horowitz, Blackstone, PPP, Apollo, Chuck E Cheese, Bain, Neiman Marcus


Sequoia Capital global managing partner Doug Leone is advising President Trump on how to restart American businesses during the coronavirus-led economic shutdown

Sequoia Capital global managing partner Doug Leone is part of President Trump's task force planning ways to "reopen" the United States economy in the coming weeks, as businesses publicly struggle with statewide shelter-in-place orders. During his daily press briefing Tuesday, Trump said Sequoia was among the companies advising him on strategies to restart the economy by the end of April, and a list released by the White House later confirmed Leone's participation. Leone is the sole Silicon Val...
Tags: White House, China, Los Angeles, Trends, United States, Peter Thiel, Silicon Valley, Sequoia Capital, Palantir, Wuhan, Darwin, Sequoia, Founders Fund, Trump, Stephen Schwarzman, Leone


Blackstone CEO Stephen Schwarzman says he wishes he could buy Bloomberg LP as sales talks swirl

Blackstone CEO Stephen Schwarzman told an audience on Thursday he wishes he could consider buying Bloomberg LP, the financial giant that would go up for sale if Mike Bloomberg became president. But Schwarzman can't because the PE shop is a large investor in one of Bloomberg's main competitors, Refinitiv.  "I wish we could look at that," he said, musing that there could be business improvements through shedding its TV unit. "They have a very good business." Click here for more BI Prime stories....
Tags: Microsoft, Berlin, New York City, Trends, Bloomberg, London Stock Exchange, WeWork, Blackstone, Bloomberg LP, Lse, Thomson Reuters, Schwarzman, Stephen Schwarzman, Mike Bloomberg, Bloomberg Here, Miriam Gottfried


Blackstone's Schwarzman 'wondered' about buying Bloomberg

Blackstone Group Inc Chief Executive Stephen Schwarzman said the world's biggest private equity firm cannot buy Bloomberg should it come up for sale as long as the firm owns competitor Refinitiv.
Tags: Finance, Bloomberg, Article, Blackstone, Reuters, Schwarzman, Stephen Schwarzman, FBN, Fbn/markets, Fox-business/business-leaders, Blackstone Group Inc, Fox-business/person/michael-bloomberg, 2a2259f9-cc72-5be2-b952-adca4b1e0ce5


Blackstone's Schwarzman says cannot buy Bloomberg while owning Refinitiv

Blackstone Group Inc Chief Executive Stephen Schwarzman said the world's biggest private equity firm cannot buy Bloomberg should it come up for sale as long as the firm owns competitor Refinitiv.
Tags: Money, Bloomberg, businessNews, Blackstone, Schwarzman, Stephen Schwarzman, Blackstone Group Inc