US business leaders rue their ‘Faustian bargain’ with Trump

US business leaders rue their ‘Faustian bargain’ with Trump

Outgoing president delivered low taxes but executives are beginning to count the cost

“It’s always been this Faustian bargain with Trump,” Dan Eberhart admitted this week. The chief executive of Canary, a Denver-based drilling services company, had put up with “the ridiculousness” associated with Donald Trump because he also delivered pro-growth policies and low taxes.

Mr Eberhardt gave $100,000 to Trump-supporting political committees and helped raise another $600,000 from other donors despite experiencing recriminations “all the time” for supporting a historically divisive president, he said. 

But having watched Wednesday’s deadly violence at the Capitol building after the president egged on a mob of supporters, he told the Financial Times: “I’m done. I don’t want my mom to think I’m involved with this.”