CEOs hit breaking point over Alex Pretti killing in Minnesota, finally speak out
Good morning. One thing has become clear to leaders in these volatile and polarized times: there is strength in numbers. After the fatal shooting of Alex Peretti by federal agents in Minneapolis, the second such death this month amid president Trump’s crackdown on immigration in the city, leaders are finally beginning to speak out.
In an open letter from the Minnesota Chamber of Commerce, more than 60 executives from local companies, including 3M, Best Buy, Cargill, General Mills, Land O’Lakes, Target, Xcel Energy and UnitedHealth Group, called for “an immediate de-escalation of tensions.” Yesterday when I called several people at those companies, one executive told me, “These raids are terrorizing our community. We have to speak up without making things worse.”
Exhibit A: The target, which was once again the focus of angry protests after an employee, a US citizen, was pulled from a store during an immigration raid in Richfield, Minnesota. Last year, the company faced backlash for rolling back its diversity, equity and inclusion initiatives.
But Minnesota is the most obvious battleground right now. At the World Economic Forum in Davos last week, I heard a lot of comments about the relative silence of leaders. Speaking with Scott Galloway, he described Europe as “Germany and the 26 dwarves” for not standing behind Canadian Prime Minister Mark Carney after his bold speech, which led to further threats of retaliation. In the U.S. House of Representatives, I asked a Republican executive whether the clashes in Minnesota might impact celebrations in about 250 days.y Constitution anniversary. He admitted his concern, saying: “The goal is correct, but we have to rethink the strategy to achieve it.”
In Silicon Valley, criticism of ICE’s tactics is mounting in the technology community. “Murderers,” Yann LeCun, former chief AI scientist at Meta, wrote while posting screenshots on
For a growing number of leaders on all sides of the political spectrum, the answer is no: aggressive tactics on immigration must stop.
Connect with the CEO daily via Diane Brady at diane.brady@fortune.com
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CEO Daily is compiled and edited by Joey Abrams, Claire Zelman, and Lee Clifford.
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2026-01-26 10:47:00



