Tim Cook, Larry Page, and Others to Attend Trump's Tech Summit Next Week

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Posted December 11, 2016 at 6:43am by iClarified

Apple CEO Tim Cook, Alphabet CEO Larry Page, and others will attend Trump's tech summit next week, according to Recode.

The group of tech leaders will meet with President-elect Donald Trump on Wednesday at Trump Tower in Manhattan. The meeting will reportedly include most of the key players in the sector.

Those who will be attending (although most of the companies declined to comment to Recode) along with Page, Cook and Sandberg, include: Microsoft CEO Satya Nadella; Cisco CEO Chuck Robbins; IBM CEO Ginni Rometty; Intel CEO Brian Krzanich; and Oracle CEO Safra Catz.

“I plan to tell the President-elect that we are with him and will help in any way we can,” said Catz in a statement. “If he can reform the tax code, reduce regulation and negotiate better trade deals, the U.S. technology industry will be stronger and more competitive than ever.”

Notably, Jeff Bezos, CEO of Amazon, has been invited and sources say he is likely to attend. Bezos' Washington Post has aggressively attacked Trump throughout his campaign. On Twitter, Trump accused the Amazon CEO of buying the paper to exert political power.

While Trump has been critical of Apple's position on encryption, he is in favor of a tax cut that would allow U.S. companies to repatriate money from offshore at a tax rate of 10%. Apple CEO Tim Cook has called for a more fair rate. "When we bring it back, we will pay 35 percent federal tax and then a weighted average across the states that we're in, which is about 5 percent, so think of it as 40 percent. We've said at 40 percent, we're not going to bring it back until there's a fair rate. There's no debate about it."

Trump becomes President on Friday, January 20, 2017.

Tim Cook, Larry Page, and Others to Attend Trump's Tech Summit Next Week

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Jeff1721 - December 12, 2016 at 1:32am

Lower regulation? It is laughable due to the fact Trump just demonstrated the government intervention with the Carrier deal. Trump has been making crony capitalism deals his entire life.

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clown - December 11, 2016 at 7:26am

The tax rate is is disgraceful , the reason for high tax rate is to pay for trillions in government spending and subsidies. The likelihood of tax rate of 15% will never see the day of light. The GIANT tech companies buy back billions in stock, . The tax rate when lowered should require companies to reinvest in the the company's. Including bringing back trillions in assets. The companies should be limited to stock buy backs. The companies should also allowed to keep billions on hand to cover lower economic conditions . The reality is globalization has caused lower wages to be a reality , you simply can not compete with $4 wages overseas and $30 in wages in the us with 40% tax. The government knows it, lower corporate taxes may actually increase GDP substantially , but could also cause the 5 trillion in increase debt . The government should buy stock to lower the national debt or buy the debt back at discounted rates.