Investing.com — The vice chairman of Goldman Sachs’s international operations, Richard Gnodde, has stated that if Europe’s leaders and officials do not take action soon, the CEOs of Europe’s largest companies may become more politically active in advocating for pro-growth policies.
Gnodde shared his views in an interview with Bloomberg Television at Davos.
He revealed that there is a growing sense of frustration among the CEOs, and he anticipates that this group will become much more assertive in the near future. This assertiveness could manifest in various ways, such as challenging the regulatory framework, engaging with Brussels, and taking a more active role in their own domestic capitals.
According to Gnodde, the current mood across European boardrooms is “not good”. He explained that European CEOs are aware of the corporate optimism in the United States, especially in light of President Donald Trump’s recent inauguration.
He also noted that Europe’s corporate sector is investing significant amounts of money in the US. However, these CEOs are also keen to find more opportunities for growth closer to home.
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