A new survey conducted during the 2017 Yale CEO Summit found that half of the participating U.S. CEOs and business executives would give President Donald Trump a failing grade for his first four months in office.
On June 8-9, 125 business leaders gathered at the Yale CEO Summit at the New York Public Library in New York City. The invite-only event was attended by business chairmen, presidents, CEOs and prominent scholars, according to the Yale School of Management.
The summit surveyed all 125 attendees, 80 percent of whom were CEOs, on how they would grade Trump's performance over his first 130 days in office. The results were not flattering for the president, whose experience before assuming office was based exclusively in the private sector.
50 percent of respondents said that they would grade Trump's performance with an "F," while 21 percent graded him with a "D." Only a sliver of the summit attendees gave Trump top marks, with 1 percent grading his performance with an "A."
Professor Jeffrey Sonnenfeld of the Yale School of Management, who moderated the New York summit, recalled that the feedback from the majority of attending CEOs was that Trump had hurt his own agenda with self-inflicted political stumbles.
"Stop the random 3 a.m. tweets and stop the needless brushfires diverting from the agenda," Sonnefeld told CNN Money.
The professor added that the poor marks for Trump could not be dismissed as partisan, noting that many of the summit attendees were hardly left-leaning.
"This was not a granola-eating crowd of Democrat entrepreneurs," Sonnenfeld said. "It's a cross-section of the business community, including some who are quite pro-Trump."
The survey also found that over 65 percent of respondents disapproved of Trump's decision to withdraw the U.S. from the Paris Climate Agreement, while roughly 75 percent were not impressed by the Trump administration budget proposal for fiscal year 2018.
On June 1, Trump announced that he would pull the U.S. out of the Paris accord, an international agreement for participating countries to reduce their carbon emissions output. Trump asserted that his decision would help the U.S. economy, but the move was met with swift backlash from the administration's private sector allies.
CEOs Bob Iger of Walt Disney and Elon Musk of Tesla promptly quit Trump's business advisory council in protest, while other members issued condemnations of the Paris agreement withdrawal, according to USA Today.