Mr. Trump’s election has caused a tectonic shift in advertising – just as it has in media more generally – and themes that might have once seemed innocuous or patriotic have suddenly become politically charged, controversial, and divisive. James B. Stewart Read Quote
The bar for a chief executive of a public corporation to repudiate a United States president is extraordinarily high. Corporate leaders aren’t given their power, prestige, responsibility, and nine-figure pay packages to use the corner office as their personal soapbox. James B. Stewart Read Quote
Under Armour’s success depends in part on endorsements from celebrity athletes, many of whom – like Stephen Curry, the basketball star – are African-American. James B. Stewart Read Quote
Historically, corporate aversion to politics has at times held firm even under national leadership that threatens the health of the economy, and with it the well-being of every company. James B. Stewart Read Quote
When it comes to valuation, there’s only one thing stock investors really care about, which is earnings. James B. Stewart Read Quote
The Joint Committee on Taxation estimated that in 2016, the corporate income tax raised $300 billion in revenue, while what it called ‘targeted subsidies’ cost about $270 billion. In other words, Congress could eliminate the subsidies and cut the corporate rate nearly in half without any significant loss in revenue. James B. Stewart Read Quote
Most European countries fund their low corporate taxes with some form of a value-added tax, on consumption rather than income. James B. Stewart Read Quote
President Trump named Rand his favorite writer and ‘The Fountainhead’ his favorite novel. James B. Stewart Read Quote
While there continue to be critics of the Comcast-NBC merger, it’s hard to argue that competition in news and entertainment has diminished as a result, given the rise of Netflix and Amazon and the explosion in entertainment options that followed the merger. James B. Stewart Read Quote
Divestitures have long been the preferred remedy for horizontal mergers, where there’s an overlap between the two companies. Airlines, for example, may have to sell routes or airport gates where the two airlines compete; cable operators may have to sell operations in cities where both companies operate. James B. Stewart Read Quote
