How Trump Courted Sandberg, Cook and Bezos
Comment of the Day

December 15 2016

Commentary by David Fuller

How Trump Courted Sandberg, Cook and Bezos

Here is the opening of this topical report from Bloomberg:

Tech executives summoned to meet with Donald Trump in New York Wednesday had reason to suspect they were being lured into a trap. In the run-up to the election, the President-elect clashed with industry bellwethers over such issues as immigration, manufacturing and smartphone security. Many in Silicon Valley’s upper ranks made no secret of their support for Hillary Clinton, some expressing disdain for her opponent. And Trump himself excoriated media executives in a similar summit three weeks ago and has used the bully-Twitter-pulpit in recent weeks to criticize other industries, using 140 characters or less to drag down companies’ stocks.

But concerns that the new administration would similarly use the Trump summit to browbeat big tech evaporated not long after the industry elite made their way through Trump Tower lobby, surrounded by reporters, security and enormous shining Christmas wreaths. Seated at a long conference table, near Facebook’s Sheryl Sandberg, Apple’s Tim Cook, and Amazon’s Jeff Bezos, Trump laid the compliments on thick.

"This is a truly amazing group of people," Trump told a group that included Tesla founder Elon Musk, Microsoft Chief Executive Officer Satya Nadella, Alphabet CEO Larry Page and IBM’s Ginni Rometty. "We want you to keep going with the incredible innovation. There’s nobody like you in the world. There’s nobody like the people in this room."

Inside the 25th-floor conference room, once cameras were ushered out, the tone of the conversation was amiable and conciliatory, according to people who attended or were briefed on the meeting. Trump was engaged, and he listened more than he spoke, said the people, who asked not to be identified discussing a private meeting. The executives spoke freely, introducing themselves to a group that included Vice President-elect Mike Pence; Trump’s three eldest children; Gary Cohn, the former Goldman Sachs president and Trump’s top chief economic policy adviser; and Peter Thiel, a PayPal co-founder and Trump transition team member, who helped orchestrate the summit.

"Very good to be here," Cook said, according to a transcript. "And I look very forward to talking to the President-elect about the things that we can do to help you achieve some things you want.” Oracle CEO Safra Catz said, "we are looking forward to helping you." Happiness abounded for Cisco CEO Chuck Robbins, who exclaimed, "We’re happy to be here and happy to help and happy to work with you.”

David Fuller's view

If Trump can produce a tax deal which makes it worthwhile for tech CEOs to repatriate their $billions held overseas, he will have done more for the industry and the US economy generally than anything from the previous administration over the last eight years.  

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