Investors are hoping U.S. President Elect Donald Trump walks the talk and delivers on his promise of business-friendly policies, including reducing the corporate tax rate substantially, says Bain Capital Co-Chairman Stephen Pagliuca. He calls Trump's victory in the presidential elections in November 2016 and the Republican Party's dominance in the Senate and the Congress an "upset win."
Checks and balances within the U.S. government machinery will keep the new President in check if he does decide to implement some of his more drastic campaign promises, Pagliuca told BloombergQuint's Menaka Doshi on the sidelines of the 47th World Economic Summit at Davos, Switzerland.
Also Read: Davos 2017: Shale Oil Will Keep Crude Prices In Check, Says IEA's Fatih Birol
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
