Latest Business News
New Jersey Governor Chris Christie Seeks Financial Support for Republican Nomination
Chris Christie Sought Financial Support for Anti-Trump Campaign
New Jersey Governor Chris Christie solicited Wall Street's biggest donors regarding funding a $100 million effort to take on former President Donald Trump earlier this year. Several investors have come to Christie's aid since then, except for Steve Cohen, a hedge fund billionaire, and Mets owner who is a long-time ally. The businessman has yet to donate to Christie's campaign or the allied super PAC called Tell It Like It Is. Anthony Scaramucci, a former Trump communications director, said in an interview with Semafor that he anticipated Steve Cohen would back Christie.
Many Top Financiers Diverting from Trump and Backing Christie
Despite Trump leading the polls, many of the party's top financiers do not want to support him and are searching for an alternative to lead the Republican ticket. Many of these individuals have turned to Christie and are fundraising for his campaign, believing he is the sole GOP candidate willing to directly take on Trump. Wall Street executives inclined to help Christie are following the same anti-Trump model as the Kilbergs and various other executives from the finance industry. Politico reports that David Tamasi, a veteran lobbyist, is one such figure who helped Fundraise for Chris Christie and then helped Trump after he lost in the primaries.
Supporters of Chris Christie in the Corporate World
Without Steve Cohen's support, Christie has formed relationships with plenty of other wealthy donors to finance his campaign for president. Scott Rechler, CEO of RXR Realty, Motorola Solutions CEO Greg Brown, veteran lobbyist David Tamasi, former Trump U.S. ambassador to Italy and hedge fund co-founder Lewis Eisneberg, and former Northern Virginia Technology Council CEO Bobbie Kilberg are among the investors supporting Christie. Kilberg voiced her support for Christie, raising funds for his campaign and taking part in his fundraiser as her focus is on the rule of law and protecting democracy.
Chris Christie Criticizes Donald Trump
Before entering the race for president, Chris Christie knocked Trump. During a CNN Town Hall, the former governor called the former president "vengeful" and "angry" and accused him of "vanity run amok." Since then, he has ramped up his attacks on the former president. Christie has publicly attacked Trump's indictment earlier this month on 37 federal criminal counts related to his retention of hundreds of secret government documents.
With at least two polls showing Chris Christie gaining on Donald Trump in the early primary state of New Hampshire, there is hope for those in the finance industry who hope he stands a chance against Trump in the 2024 Republican Primaries. However, they cannot succeed without qualified support. To qualify for the first GOP primary debate in August, he and other candidates must receive donations from 40,000 donors or more and poll 1% or higher in three national polls or two national polls and a state poll.
As the 2024 presidential election draws closer, the battle for the Republican nomination is heating up. With financial support from some of Wall Street's wealthiest investors, New Jersey Governor Chris Christie is positioning himself as the alternative to former President Donald Trump. While he may not have the same level of name recognition as Trump, Christie's anti-Trump message resonates with many in the finance industry, who see him as a candidate who can win against the former president.
For a new business, following the political landscape can be crucial, as it can offer insights into potential changes in the regulatory environment. As Christie ramps up his attacks on Trump, he is positioning himself as a candidate who is focused on "the rule of law and protecting democracy." This message may appeal to business owners who see Trump as a threat to the stability of the country, and who are looking for a candidate who can offer a reliable and stable vision for the future.
However, with so much uncertainty surrounding the 2024 election, it is important for new businesses to remain agile and adaptable. While Christie may be the hope for some in the finance industry, there is no guarantee that he will secure the Republican nomination, or that he will win the election. Ultimately, it is important for businesses to stay informed and engaged with the political landscape, while remaining focused on their own goals and objectives.