Buyer’s Remorse

Yesterday Trump tweeted out a condemnation of the Boeing Air Force One contract price, or so he seemed to describe it. Today, big business is having buyers remorse – and Trump is not even president.

Trump’s every word affects stock prices now. If I were a Boeing employee, I’d be pissed off by his latest childish and ill-informed outburst. And, if I were any number of big businesses whose profit margin depends on outsourced call centers or manufacturing, I’d be terrified. Some of these businesses aren’t solvent without cheap labor and even if they are, stock prices of American investors could suffer with a drop in profitability.

Trump is supposed to be pro business. Even if the government is spending too much, on the Air Force One contract, which isn’t immediately clear, his buffoonish approach of broadcasting threats via twitter is bound to upset group after group after group in the business word.

As the man running the show, it’s his job to fix the machine, not go to war with his own government. Good leadership would dictate that he put his head down and get to work on fixing things that he perceives to be broken. He gains nothing by playing this little game except PR and he does so at the expense of the people who now work for him. Ultimately that’s not the path for a successful president.

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