Musk, top tech executives to meet with Trump
Aside from Cook and Nadella, Larry Page from Google and Sheryl Sandberg, the COO of Facebook will also be attending.
It could be a prickly meeting.
LinkedIn founder Reid Hoffman came out with a card game to slam Trump, and Sam Altman, who heads up elite Silicon Valley accelerator Y Combinator, compared Trump to Hitler.
Trump has proposed a one-time tax cut for the repatriation of US companies’ corporate profits held overseas, with tax rates falling from 35% to 10%.
Trump, in turn, sometimes lashed out at the industry and its leaders. The Amazon-owned Washington Post has been outright in its criticism of Trump while Trump himself has made his distaste for Amazon and Bezos clear in the past.
Other companies listed, like Alphabet, Apple, and Facebook, did not immediately respond to a request for comment by CBS News.
The entrance of Trump Tower building.
Tech companies also stand on the other side of a myriad of key issues from Trump, including immigration reform, encryption and a range of social concerns. Alternately, Mr. Trump could be planning to deliver an ultimatum detailing exactly what he expects from the companies during his term as president.
Technology leaders in Silicon Valley and beyond had openly signaled an uneasiness with Trump, with most favoring Hillary Clinton. Trump becomes President on Friday, January 20, 2017. “If and until then, tech figures who visit are being used to whitewash an authoritarian bully who threatens not just our industry, but our entire democracy”. Apple, Amazon and Alphabet are among the most valuable companies in the USA, yet they generally employ fewer people than big firms in other industries.
Apple’s Cook, Oracle co-CEO Safra Catz and Cisco CEO Chuck Robbins have confirmed they’re going, says a Bloomberg report.
Other tech institutions are also signalling an end to the animosity. All told, the tech sector accounts for half of the $1.7 trillion kept outside the country by non-financial United States firms, according to Moody’s. While the attendees were under the impression that the media’s access to Trump was to be discussed, instead they “got an earful from Trump”.
President-elect Donald Trump has an important meeting on his agenda for Wednesday afternoon: leaders of the most prominent tech firms in America have been summoned to meet the future president at his home in NY. Already, a policy advisor at a traditional backer of Republican tax schemes, the petroleum conglomerate Koch Industries, has said the plan “could be devastating”. There is also likely to be some talk about immigration, with fears that making it harder for foreign workers to come into the U.S. will be a problem. He may also try to get commitments from companies to do IT and product design work locally rather than in locations like India.
Unlike Bezos, Hewlett-Packard CEO Meg Whitman, who compared Trump to Hitler and Mussolini and called him a “dishonest demagogue”, will not be present at the meeting.