• Corporate executives gathered in Yale CEO CEO CEO last month Checked when they should be able to bear their concerns about President Donald Trump, and mostly say that it is a 20% drop in the stock market. NASDAQ and Russell 2000 have already entered the territory of the Bear Market, while the S & P 500 is near.

The CEOs mostly avoided President Donald Trump’s public criticism as he rolled his tariffs, but the new stock market carnage could prompt change.

Twelve corporate chief executives gathered at the Yale CEO CEO CEO CEO CEO of an Impromptu Poll when the stock market they had to put their concerns.

According to Wall Street Journal44% of CEOs says 20% drop, 22% says 30% reduction, 10% said 50% crashes, and 24% not their role.

The question does not determine the beginning point for measuring market loss. By some steps, stocks crossed or near 20% threshold.

NASDAQ and Russell 2000 changes more than 20% from their 52-week high, entering the bear market territory. The S & P 500 has fallen in 17%, and the Dow Jones Industrial average of less than 15%.

However, losses are less fluent, if you start with Trump’s inauguration or if the poll is made in the middle of March. Still, the two-day stock route after “Liberation Day” Wiped out $ 6 trillion in market cap and marked the worst meltdown since the early days of the counsel-19 pandemic in 2020.

Maybe, some executives have reported expressing concerns About the tariffs behind the closed doors of the president’s first meetings and his staff. But in public, they stayed bad to avoid trumpet anger.

Yale School of Management Professor Jeffrey Sonnenfeld, organizing March Summit, told the minutes of a meeting On Saturday Those preceding CEOs declare to him, but in mind trade groups should be stronger to oppose tariffs or make collective statements.

“They don’t want to be lightning rod,” he said. “Then it will be personal to them.”

Similarly, an unidentified board member of a US company told the Periodic Period On Friday, “you don’t want to be a dog bark for everyone because you will be someone to shoot.”

Another member of the corporate board tells the Permanda The best method is lobby’s lobby and his advisers privately and say that tariffs hit his core constituents with a higher price and unemployment.

For its part, the Business Roundtable said in a statement This Wednesday it supports Trump’s purpose to ensure fair trade sales but warns “universal tariffs from American workers, workers, exports.”

But there may be signs of more opposition from corporate america.

Trump Adviser Elon Musk appeared to break the War of the White House on Saturday, when Tesla CEO expressed hope for a “Zero-Tariff” system between US and Europe That will make “a free trade zone.”

And earlier on Saturday, the musk separates the White House Official Peter Navarro, who reported to be an important tariff policy numbersuggests x that his Harvard’s degree is “a bad thing” and that he has never built anything.

Meanwhile, Tech Journalist Kara Swelisher Posted in threads Friday Friday “a high profile tech and also financial leaders traveled to Mar-A-Lugo to read Trump Act – Um Talks Comment – to him in tariffs.”

He added that Musk is also in their crosshairs for “Idotid Chainsaw ‘Anticen’ Antics,” referring to many federal federal agencies at Goble Gountero’s Government Gobyo Pefificy.

The White House and Tesla do not immediately respond to requests for comment.

Sunday, Treasury Secretary Scott Bessens gave No sign to return to Trump from these aggressive tariffs and said no need to be a shrinkage, despite the Wall Street plunge to the more possibilities of a Progress this year.

To a Talk to NBC’s Meet the pressHe is also Failed the most powerful stock solloff as a short reaction.

“Something I can tell you, as the Secretary of Treasury, what I think is the market infrastructure, that all Americans, they are very comforting in time.

This story originally shown Fortune.com

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