Together, three asset managers now control shares in 40% of all publicly listed firms in the United States.
Trump has promised to abolish Obama's Clean Power Plan and back out of the Paris climate accord. But business could become a key firewall that won't let Obama's sustainability legacy die.
While few would bemoan its end, the club fostered strong ties among the titans of Corporate America and ensured moderate candidates and policies. Its death has led to more extremism.