Investing.com -- Richard Gnodde, vice chairman of Goldman Sachs's international operations, has expressed concern that the CEOs of Europe's largest companies may become more politically active in advocating for pro-growth policies, Bloomberg reported on Thursday.
This comes as a response to what he perceives as a lack of action from the continent's leaders and officials.
Gnodde voiced his concerns during an interview with Bloomberg Television at the World Economic Forum (WEF) 2024 in Davos. He suggested that there is a growing sense of frustration among the CEO community, and he would not be surprised if they become more assertive in their dealings with the regulatory framework and Brussels, as well as in their own domestic capitals.
The Goldman Sachs executive further stated that the mood across European boardrooms is "not good." He noted that European corporations are observing the corporate optimism in the US, particularly surrounding the inauguration of President Donald Trump earlier this week.
Gnodde also pointed out that while Europe's corporate sector is investing significant dollars in the US, they are seeking more opportunities to grow within Europe.
Gnodde's comments highlight a potential shift in the European business landscape, where CEOs could take a more active role in shaping policies that affect their industries and the broader economy.
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