CEOs Joined Trump’s Corruption. It Will Soon Be Time for Consequences.

I mentioned the other day that the insider D.C. sheets are helpful guides to when a new idea or bit of news is breaking into the elite D.C. conversation. I saw another example of that today, and it’s a window onto a critical topic, a critical part of the restoring democracy to-do list in the coming years. Semafor’s Liz Hoffman has a piece on the shifting “political pendulum.” What she’s referring to in this context is all those corporations who moved decisively in 2025 to get on the MAGA bandwagon. We think mostly about the tech monopolies. Their leaderships are high profile. In many cases, their structure ensures that the founder maintains total control over the corporations, despite being a public company. So when Mark Zuckerberg starts showing up a UFC matches with Trump or Don Jr. you know where Facebook is placing its bets. But for anyone paying close attention, this corporate shift goes way beyond the highly personalized leadership of the tech monopolies.