Despite past donation patterns, new data shows that not a single Fortune 100 CEO has donated to the campaign of former President Donald Trump, even though the group typically leans Republican.
The data comes from Yale’s Jeffery Sonnenfeld, who compiled data and shared his results in a New York Times op-ed.
However, the report doesn’t show any major new change from the group of CEOs, as he also received no support in 2016 and only managed to pick up donations from two in 2020.
Sonnenfeld compared 2020 to 2004, the last time a non-Trump Republican incumbent ran for reelection, and George W. Bush was able to pick up support from 42 Fortune 100 CEOs.
In total, around two-thirds of CEOs are registered Republicans, though the distinction remains clear they are not a part of the MAGA movement.
“The top corporate leaders working today, like many Americans, aren’t entirely comfortable with either Mr. Trump or President Biden,” Sonnenfeld wrote.
Sonnenfeld added that the CEOs “largely like — or at least can tolerate — one of them. They truly fear the other.”
“Mr. Trump continues to suffer from the lowest level of corporate support in the history of the Republican Party,” Sonnenfeld wrote.
Still, while Trump may not have the backing of big-name CEOs, big-name investors seem likely to support the former president in his effort to win a second term.
Among the names thought to be possible donors included Steve Schwarzman of Blackstone, according to the Times, and Jeff Yass, who holds a massive stake in TikTok’s parent company, according to Bloomberg.
Trump and Biden are set to face off for the first time on Thursday night in a debate hosted by CNN.
While neither party has held their conventions yet, the debate will kick off what is expected to be a tightly contested summer of campaigning.