Friday 11 November 2016 9:53 am

These chief execs think President Trump could be good news for business

Donald Trump as President could be good for business, according to the chief executives of Goldman Sachs, BlackBerry and hedge fund Pershing Square.

Bill Ackman, the founder and chief executive of Pershing Square, said yesterday that he was “extremely bullish on Trump”.

“The US is the greatest business in the world,” he said at a Dealbook conference in New York.

Read more: This FTSE 100 private equity boss thinks President Trump can boost business

“It’s been undermanaged for a very long period of time. We now have a businessman as president.”

The chief executive of BlackBerry, John Chen, has also voiced optimism about the President-elect.

“The way I feel about it is: it’s reality, it happened, so we need to make the best out of it,” he told Bloomberg.

“Nobody really knows what he’s going to do next, but if Trump’s really for pro-business and a small government, less regulatory, I think it will actually be good. For not only the tech industry – for banking and many different industries.”

Elsewhere, according to Reuters, Goldman Sachs chief executive Lloyd Blankfein told staff in a voicemail that Trump’s victory could bode well for the company and its clients.

Read more: Boris says Trump's victory represents a "great opportunity" for Britain

He said: “Change is often the agent of progress in ways that we can't always readily see in the early days.”

Blankfein added that, because of Trump’s commitment to infrastructure spending, government reform and tax reform, he “will be good for growth, and therefore, will be good for our clients and for our firm”.

Yesterday, the chief executive of FTSE 100 private equity firm 3i told City A.M. Trump could be a boost for his business.

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