Corporate outrage rarely looks like the noblest of sentiments. There was certainly no shortage of it in the wake of January 6’s riot in the US Capitol by supporters of outgoing president Donald Trump.
Faced with the crossing of a line that few could ignore, financial institutions and corporate titans fell over themselves to present their pristine credentials.
Goldman Sachs, Citi, Morgan Stanley and JPMorgan announced plans to pause political donations, with the latter’s CEO Jamie Dimon stating on Wednesday that it was “taking a pause, a little bit of a deep breath, figuring out what we should change and how we should change it”.
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