"Once we take power, whoever the president is, we're going to break up your companies. So all the investment you did to create these mergers are going to be for naught. Your investors are going to be pissed at you, and you're likely going to end up getting fired as the CEO because you wasted so much money and corrupted yourself in the process."
"We have to make it so painful that generations from now CEOs will flinch at the idea of business corruptly teaming up with government."
"Paramount should enjoy its growing news monopoly while they have it because when Democrats win back power we are going to break up these anti-democratic information conglomerates. All of them."
Senator Ruben Gallego warned business leaders seeking mergers under the Trump administration that Democrats will break up their companies once returning to power. Gallego stated that investments made to create these mergers will be worthless and investors will hold executives accountable for wasting money and corrupting themselves through government ties. He emphasized making consequences severe enough that future CEOs will avoid similar business-government partnerships. Senator Chris Murphy echoed this sentiment regarding the Paramount-Warner Bros. Discovery merger, which would consolidate major media properties including CNN, CBS, and HBO Max under one ownership. Both senators signaled aggressive antitrust enforcement as a Democratic policy priority.
#antitrust-enforcement #media-consolidation #democratic-policy #corporate-mergers #political-accountability
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