Items tagged with president trump
President Donald Trump has been spearheading a special council that puts some of the best executives in the country in one place with the hope of improving manufacturing in the US. Intel CEO Brian Krzanich has announced via a blog post that he has abandoned the council. Krzanich wrote, "Earlier today, I tendered my resignation from the American Manufacturing Council. I resigned to call attention to the serious harm our divided political climate is causing to critical issues, including the serious need to address the decline of American manufacturing. Politics and political agendas have sidelined...
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What is a company to do when it is sitting on a $256 billion pile of cash? If you’re Apple, you peel away a tiny sliver of that money to reinvest in the United States. That’s coming straight from the horse’s mouth, or in this case, Apple CEO Tim Cook. In an interview this week with CNBC’s Jim Cramer, Cook explained that Apple would set aside the $1 billion for an advanced manufacturing fund. “It's $1 billion of our US money, which we have to borrow to get. That's another whole topic.” Cook’s off-hand comment refers to the fact that most of Apple’s cash pile is held overseas, and the company...
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