CEOs are afraid to criticize Trump in public, Carlyle chair says

Semafor May 29, 2025
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Semafor’s live journalism curates high-impact, compelling, and consequential editorial encounters between informed audiences, key leaders, and the most dynamic change agents in Washington, the U.S., and the world. Mixed Signals from Semafor Media: The truth about modern media — from inside the machine. Every Friday, journalists Ben Smith and Max Tani pull back the curtain on key stories about media, revealing how money, access, culture and politics shape everything you read, watch, and hear. Listen to the Mixed Signals from Semafor Media podcast: https://semafor.com/mixed-signals Sign up for our newsletters: http://semafor.com/newsletters

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President Donald Trump’s aggressive response to public criticism is an “effective tool” for silencing those business leaders who disagree with his economic policies, Carlyle Co-Chairman David Rubenstein said at the World Economy Summit in April. Trump’s tariffs, especially his massive levies on imports from China, have rattled many executives, Rubenstein said. “I’m amazed in the last two weeks how many business leaders are sounding alarms who I speak to privately and who won’t say a word,” Rubenstein told Stephanie Ruhle. “The way that this president operates is that if he disagrees with you, he will call you out in a very visible way. And people don’t like to be called out and criticized in public. It’s a very effective technique that has worked to quiet people.”

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