Dividend recaps, a kind of borrowing long condemned for loading up companies with debt for the benefit of their private equity owners, has surged.
Silicon Valley techies and Wall Street titans have bought homes and moved businesses there in the pandemic, coaxed by an eager mayor.
Business is about accountability.
As the government rolls out trillions of dollars in emergency stimulus funds, a push by the industry has met with only modest success.
Fearful of the more progressive candidates, some finance executives had sidelined themselves from the elections until Mr. Biden surged.