Now that President Joe Biden has bowed out as the Democratic candidate in the 2024 election, corporate America's eyes are on his presumptive replacement, Vice President Kamala Harris. At the top of CEOs' agendas is determining whether she will be unfriendly to business or govern as a true "capitalist," as she described herself years ago.
Of course, as Biden's vice president, Harris has inherited his administration's record to a certain degree. And in recent months, Biden has lost much support from Big Business, notably Silicon Valley, to Republican candidate Donald Trump. Many executives have looked past Trump's often erratic behavior and attempts to micromanage the economy to support him over Biden, drawn in by promises of new tax cuts, less regulation—particularly on environmental matters—and a crackdown on crime. One CEO told Fortune earlier this month that Biden's energy policy, such as a ban on gas exports plants, was counterproductive, while another faulted the Biden administration's approach to immigration.
