Apple CEO Tim Cook meeting with Donald Trump, Elon Musk privately after NYC tech summit
Apple CEO Tim Cook is expected at President-Elect Donald Trump's tech leaders meeting in New York City, and will be participating in a longer discussion including Elon Musk after the larger discussion concludes.
The Trump transition team's communication director Jason Miller not only confirmed that Cook would be at the meeting, but also revealed that he would be sticking around after the larger gathering, to have a private meeting with the President-elect, alongside Tesla CEO and entrepreneur Elon Musk.
Invitations were sent out in the beginning of December and less than a dozen people are attending. Most of the invitees are Silicon Valley executives.
Other expected attendees besides Cook and Musk include Alphabet CEO Larry Page, Facebook COO Sheryl Sandberg, Microsoft CEO Satya Nadella, Cisco CEO Chuck Robbins, IBM CEO Ginni Rometty, Intel CEO Brian Krzanich, and Oracle CEO Safra Catz. Sources are mixed on if Amazon CEO Jeff Bezos will attend, or was even invited in the first place.
Twitter CEO Jack Dorsey was not invited.
Musk is a member of Trump's Strategic and Policy Forum, with Uber CEO Travis Kalanick, and Pepsi Chairman Indra Nooyi.
Live feed from the Trump Tower lobby
Apple, Google, and Facebook were notably absent from the chairs of a business council formed by Trump's administration. Named to that board are leaders of Boeing, GE, GM, and IBM, all four of which have a significantly lower net worth than Apple.
"Most of Silicon Valley is moving from the 'surprised and in denial' phase to accepting the change that's coming," said Semil Shah, general partner at venture capital firm Haystack Fund. "Some of that change, such as immigration, creates anxiety and uncertainty. Some of that change, such as potential for economic stimulus at a national level, gives some folks business confidence."
Specific topics of the private discussion after the main meeting are not known, but based on campaign trail remarks by the President-Elect, Cook's and Trump's conversation will likely focus on Apple's overseas cash hoard repatriation, manufacture of goods in the U.S. instead of China, and encryption implementation.
The Trump transition team's communication director Jason Miller not only confirmed that Cook would be at the meeting, but also revealed that he would be sticking around after the larger gathering, to have a private meeting with the President-elect, alongside Tesla CEO and entrepreneur Elon Musk.
Invitations were sent out in the beginning of December and less than a dozen people are attending. Most of the invitees are Silicon Valley executives.
Other expected attendees besides Cook and Musk include Alphabet CEO Larry Page, Facebook COO Sheryl Sandberg, Microsoft CEO Satya Nadella, Cisco CEO Chuck Robbins, IBM CEO Ginni Rometty, Intel CEO Brian Krzanich, and Oracle CEO Safra Catz. Sources are mixed on if Amazon CEO Jeff Bezos will attend, or was even invited in the first place.
Twitter CEO Jack Dorsey was not invited.
Musk is a member of Trump's Strategic and Policy Forum, with Uber CEO Travis Kalanick, and Pepsi Chairman Indra Nooyi.
Live feed from the Trump Tower lobby
Apple, Google, and Facebook were notably absent from the chairs of a business council formed by Trump's administration. Named to that board are leaders of Boeing, GE, GM, and IBM, all four of which have a significantly lower net worth than Apple.
"Most of Silicon Valley is moving from the 'surprised and in denial' phase to accepting the change that's coming," said Semil Shah, general partner at venture capital firm Haystack Fund. "Some of that change, such as immigration, creates anxiety and uncertainty. Some of that change, such as potential for economic stimulus at a national level, gives some folks business confidence."
Specific topics of the private discussion after the main meeting are not known, but based on campaign trail remarks by the President-Elect, Cook's and Trump's conversation will likely focus on Apple's overseas cash hoard repatriation, manufacture of goods in the U.S. instead of China, and encryption implementation.
Comments
She he reached out to someone who not invited to the meeting for a quote and she praised him. Since he doesn't run a $100+ billion public entity she scraped the bottom of the barrel for the quote.
Since she didn't get invited to the meeting she decided to go after Jack Dorsey and AI decided to follow suit. Why was Jack targeted while so many others were given a free pass for not getting an invitation?
AI, you really do not need to regurgitate nonsense the people at Recode spew.
Goldman Sachs Finally Admits it Defrauded Investors During the Financial Crisis
http://fortune.com/2016/04/11/goldman-sachs-doj-settlement/...and three of their executives are now in the White House.
the 1% will profit highly over the next four years, and the middle class will continue to disappear.
I'm surprised that IBM CEO Ginni Rometty isn't included in the extended meeting (emphasis, mine):
IBM's Rometty to urge Trump to support worker retraining
IBM can hire anywhere in the world. My guess is that the signal has been sent that it's in IBM's best interests to on shore more jobs and avoid H1 Visas and offshoring their work force (likely due to a couple reasons... 1 they've realized they have maxed out profits to off shore skills ratio, and 2) onshoring may give them preferential tax treatment in the future), and that offshoring service jobs is Corporate beneficial, and Trump is pro-corporate.
The underlying issue with Apple and Trump is the manufacturing jobs Apple is subcontracting out to Foxconn et al. Trump can use Apple as a Whipping boy (You should make all US iPhones in the US...), and Tesla as a 'carrot' (We'll give Tesla tax breaks to build solar panels and batteries and cars in the US), knowing it will sound good to his voting base (Mericans making Merican stuff), without changing anything...
...Tesla is already in Nevada for batteries, and Elon isn't shipping batteries out of the country to be assembled there, and then shipping the whole lot of them back, and Solar City, could be Trum's 'Green Play'.... as it would have been Clinton's as well.
...Apple isn't going to get a 40Million unit a year iPhone Factory in the US, because the economies of Scale tell any sane industrialist it's easier to ship 40,000 phones a day in a couple FedEx 747s than it is to build up a 2nd supply and manufacturing chain 10,000 miles away from the first But Trump will meet, then publically skewer them, and if Apple does open a[nother] Mac Pro or iPad Pro assembly line in the US with massive tax breaks, then Trump has a YUGE win.
I worked for IBM in its heyday (1964-1980) -- they had 97% of the computer market. But they never did manufacture stuff in any volume. Rather, they had hundreds of thousands of employees writing software, marketing, installing, maintaining, training, supporting and providing services to their customers.
IMO, IBM can be a major player in the jobs and vocational [re]training challanges facing our country.
This "new-collar" proposal is of special interest to me, as 2 of my 3 grandchildren, likely, will not obtain 4-year college degrees. "new collar" offers them a way to get training for a well-paying, rewarding job.
FWIW, I never got a college degree. I (and a few cohorts) went to work for IBM as a [experienced] professional hire at $10,000/year when IBM was hiring college graduates at $6,000/year. I got promotions and pay raises to the top level of my area of expertise. I never made less than any manager I ever worked for at IBM.
Lastly, I never manufactured anything -- except to assure successful installations and satisfied customers!
As these are the two companies most into BEV's then it seems Trump is keeping his eneminies very close at had.
With the head of Exxon as Secretary of state oil and coal and gas will get more voice inside the Beltway than green tech.
As the President elect is a climate change denier I don't hold out much hope for renewables under his leadership.
I am sure that apple will come under a lot of pressure to shift manufacturing back to the USA.
That pressue will IMHO come in the form of Tweets which will go viral.
I hope that Cupertino has plans in place to counter this. Given recent events, I don't think so,
They've been doing that ever since he won.
Trump tower has become like a fortress now. It's also become a very popular tourist attraction.
I think it's funny how all sorts of people, including people that were against him, are now making the pilgrimage to the holy golden tower in order to meet with the emperor.