American CEOs listed President Donald Trump's poor performance as their top worry in a survey conducted last week during the Yale CEO Summit, The New York Times reported on Monday.
The newspaper said that the Yale event in New York was off the record, but that it received the results of the survey of 134 business leaders who were there.
Almost 90 percent of the CEOs surveyed said the president's negotiating style has lost the United States the trust of its allies, while 75 percent said they often have to apologize to their foreign business partners for Trump’s behavior. Seventy-five percent of CEOs also said the president is not leading effectively on national security.
More than three-quarter of CEOs also said that while it was appropriate for Canada to arrest Chinese tech company Huawei CFO Meng Wanzhou, only one in five said Trump should intervene in the case.
Another worry for the CEOs was that the U.S. could soon end up in a recession, with half of those surveyed fearing that. Two-thirds said the concern was due to Trump’s trade negotiations, as well as political instability.
Ninety percent of CEOs also were worried that technology companies need more regulation, following a year of revelations about that industry’s potential influence on the 2016 election and massive data leaks.
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