While Trump may be an extreme example, much of the conduct Cohen highlighted reflects attitudes and actions commonplace among public companies.
Despite a growing list of reasons why business leaders might oppose the president or his policies, more than two-thirds have remained steadfastly neutral.
CEOs used to stay steadfastly neutral on divisive social and political issues. Those days are over, meaning today’s chief executive increasingly resembles Che Guevera.
Trump's reaction to the violence in Charlottesville, Virginia, prompted business leaders to sever ties with two White House councils.
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.