Business Leaders Favor Trump's Inauguration Over Davos

As Donald Trump's inauguration on January 20 coincides with the first day of the World Economic Forum in Davos, many billionaire business leaders are opting to attend the inauguration instead. Prominent figures such as Meta's Mark Zuckerberg, OpenAI's Sam Altman, and Uber's Dara Khosrowshahi view direct engagement with political power as more beneficial for business than discussions in Davos. The shift reflects a growing sentiment that the traditional forum has become elitist and ineffective, with some industry insiders labeling it a 'money grab.' Trump has raised a record $170 million for his inauguration, drawing significant donations from tech giants eager to mend ties with his administration. While Silicon Valley leaders focus on the inauguration, some Wall Street executives, including JPMorgan Chase's Jamie Dimon, are still expected to attend Davos, highlighting a split in priorities among the elite. This change may signal a broader re-evaluation of the significance of global gatherings versus political access in shaping business strategies.