“We look forward to working with the administration and both houses of Congress to move the country forward and solve issues on behalf of our associates, customers and other stakeholders,” he added.
McMillon’s acknowledgment that Biden will be the next president is particularly noteworthy since he is the current chairman of the Business Roundtable, an influential lobbying group that represents America’s top CEOs.
“Your planned investment in American-made goods is critical to U.S. innovation and technology leadership,” Swan wrote.
CEOs hoping for more compromise
CNN Business combed through recent corporate conference call transcripts and found that many other top executives are expressing hope for a more stable political environment after nearly four years of disruptive tweetstorms.
Other business leaders have been busy trying to figure out what Biden’s policies, particularly on issues such as trade and regulation, will mean for their bottom lines.
President Trump has initiated trade wars with several countries, most notably China. Biden is expected to be less bombastic and more diplomatic in his approach.
But business leaders still think Biden will be tough on China when it comes to issues such as intellectual property theft and open markets for American manufacturers.
Creating jobs through stimulus and infrastructure spending
Strengthening the Affordable Care Act may also be a priority for the 46th president.
Caswell added that he expects Biden may use executive orders and other regulatory actions to get what he wants done.
“The projected blue wave did not materialize, creating a likely indicator of a more moderate approach by Congress and the new administration for at least the next two years,” Caswell said.
Manufacturers are cautiously optimistic that there might finally be increased spending on infrastructure and renewable energy during a Biden presidency.
Any boost to infrastructure spending could be particularly helpful if it is part of a broader Covid-19 stimulus package aimed at rejuvenating the job market.
With all this in mind, it will be interesting to see if Biden chooses to reach out to Corporate America for guidance as part of the transition or perhaps look to appoint business leaders to his cabinet or other advisory roles.
There has been some speculation that Dimon could be one of contenders for the Treasury Secretary spot, but the long-time banking boss has shot that down.