Tom Steyer Says Corporate Interests Oppose His California Governor Bid

Tom Steyer, a former hedge fund executive, said corporate special interests are supporting other candidates in California's 2026 governor's race. Steyer is running to succeed term-limited Governor Gavin Newsom. He stated that the establishment opposes him because he targets corporate donors.

Steyer described the race as a choice between change and the status quo. He said other leading Democratic candidates accept corporate contributions and do not seek major policy shifts. He noted that California residents face high housing and healthcare costs despite full employment.

Steyer said he has met and received endorsements from progressive leaders across the state. He stated that power in California has not rested with progressives. He added that corporations cannot vote and that the outcome depends on whether voters want policies aimed at working people. Newsweek interviewed Steyer on Friday before Tuesday's primary.