Billionaire supporters of President-elect Donald Trump are poised to wield significant influence over his second administration. Howard Lutnick, co-chair of Trump’s transition team and CEO of Cantor Fitzgerald, is drawing up shortlists for top government jobs with one condition: candidates must demonstrate unwavering loyalty to the president.
Lutnick has been making calls to powerful businesspeople, including a top Wall Street executive, in the aftermath of Trump’s victory. This move aims to ensure that only loyal allies are appointed to key positions. With Trump’s demands for loyalty, these billionaires will play a crucial role in shaping his administration’s policies and decisions.
Source: https://www.bloomberg.com/news/features/2024-11-07/musk-bezos-lutnik-who-stands-to-benefit-from-trump-s-second-term