European CEOs May Become Politically Active

Investing.com — Richard Gnodde, vice chairman of Goldman Sachs’s international operations, warns that if European leaders fail to act promptly, CEOs of Europe’s largest companies might push for pro-growth policies.

In an interview with Bloomberg Television at Davos, Gnodde expressed growing frustration among CEOs, predicting they will become more assertive soon. This assertiveness could include challenging regulatory frameworks, engaging with Brussels, and actively participating in domestic politics.

Gnodde noted that the mood in European boardrooms is “not good”. European CEOs recognize the optimism in the US, especially following President Donald Trump’s inauguration. While they invest heavily in the US, they are also seeking growth opportunities closer to home.

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