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Trump creates business advisory council stacked with CEOs
Reuters
by Ginger Gibson and Roberta Rampton | WASHINGTON
12/2/2016
Excerpt:
President-elect Donald Trump announced the formation of a council to advise him on job creation, a group comprised of the leaders of a variety of major U.S. corporations including GE, GM, Boeing, Disney and IBM.
Stephen Schwarzman, chief executive officer of major investment firm Blackstone Group LP (BX.N), will chair the council.
“My administration is committed to drawing on private sector expertise and cutting the government red tape that is holding back our businesses from hiring, innovating, and expanding right here in America,” Trump said in a statement announcing the formation of the council.
Trump called Schwarzman earlier this week to ask for his help in chairing the council, according to a source familiar with the discussions who was not authorized to speak publicly on the arrangements. The two men, who are not friends and have not done business together before, drafted a list of CEOs to ask to participate in the forum, and then Schwarzman asked each individual to participate.
The forum could meet as frequently as monthly, the source said.
Trump has said that his top priorities will include cutting regulations that affect business and lowering the corporate tax rate, positions business leaders have cheered.
Presidents often convene councils of business leaders. President Barack Obama frequently met with the CEOs of large companies and often spoke before the Business Roundtable, comprised of CEOs of big corporations.
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View the complete article, including images, at:
http://uk.reuters.com/article/uk-usa...-idUKKBN13R2CW
Reuters
by Ginger Gibson and Roberta Rampton | WASHINGTON
12/2/2016
Excerpt:
President-elect Donald Trump announced the formation of a council to advise him on job creation, a group comprised of the leaders of a variety of major U.S. corporations including GE, GM, Boeing, Disney and IBM.
Stephen Schwarzman, chief executive officer of major investment firm Blackstone Group LP (BX.N), will chair the council.
“My administration is committed to drawing on private sector expertise and cutting the government red tape that is holding back our businesses from hiring, innovating, and expanding right here in America,” Trump said in a statement announcing the formation of the council.
Trump called Schwarzman earlier this week to ask for his help in chairing the council, according to a source familiar with the discussions who was not authorized to speak publicly on the arrangements. The two men, who are not friends and have not done business together before, drafted a list of CEOs to ask to participate in the forum, and then Schwarzman asked each individual to participate.
The forum could meet as frequently as monthly, the source said.
Trump has said that his top priorities will include cutting regulations that affect business and lowering the corporate tax rate, positions business leaders have cheered.
Presidents often convene councils of business leaders. President Barack Obama frequently met with the CEOs of large companies and often spoke before the Business Roundtable, comprised of CEOs of big corporations.
.................................................. ........
View the complete article, including images, at:
http://uk.reuters.com/article/uk-usa...-idUKKBN13R2CW