The mass exodus of corporate backing could affect how senators vote on Trump’s impeachment trial, experts say.
Lawmakers who voted against certifying Joe Biden as president may also be rethinking their stance after losing corporate funding, experts told Insider.
After Trump supporters stormed the US Capitol in a desperate bid to overturn the presidential election results, which turned into a violent insurrection leaving five people dead, businesses have been quick to cut ties with Trump and the lawmakers who backed his baseless claims of election fraud.
Walmart, Amazon, and Morgan Stanley are among the companies that have cut off political funding to the 147 GOP lawmakers who voted against certifying Joe Biden as president.
CEOs are under pressure to consult their boards before they take actions such as cutting or limiting corporate funding, Hambrick said.