“I do feel it’s a little bit like 2006,” said Barclays Plc CEO Jes Staley, among the Wall Street executives warning the prevailing boom shares uncomfortable similarities with the frothy markets that preceded the 2008 global economic crisis.
In the shorter term, the practical risks of dealing with a president as unconventional as Trump are also top of mind for executives. At one panel, Microsoft Corp. president and chief legal officer Brad Smith was asked how companies can prepare for the possibility of being attacked in an early-morning presidential tweet -- something that hasn’t yet befallen the Redmond, Washington-based software giant.
The best strategy, Smith argued, would be to engage with whatever issues Trump raises, but also not to panic too much. After all, he said, “there’ll be another one 20 seconds later.”
This article was provided by Bloomberg News.