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How Tim Cook Won Donald Trump's Ear

pawzpawz Member, Moderator, Swaye's Wigwam Posts: 20,941 Founders Club
edited October 2019 in Tug Tavern
Apple CEO advocates for his company’s interests while avoiding a backlash from either employees or the president

https://www.wsj.com/articles/how-tim-cook-won-donald-trumps-ear-11570248040



When Mr. Trump began working toward a planned tax cut in 2017, Mr. Cook told the president that Apple would invest more in the U.S. if it could bring its $250 billion in overseas cash back to the U.S. at a lower tax rate, one of the former administration officials said. Mr. Trump later cited Mr. Cook and Apple as he promoted a tax overhaul, this person added.

In early 2018, less than a month after the tax bill was signed, Apple announced it would contribute $350 billion to the U.S. economy over five years—a figure that included spending on parts and services, capital spending and tax payments. Even though that was consistent with Apple’s previous spending levels in the U.S., Mr. Cook went on ABC News to tout the commitment, as well as Apple’s promise to develop a new Apple campus, which it later awarded to Austin, Texas.






“The reason I speak to Tim Cook: He’s the one that calls me,” Mr. Trump said in August.


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Comments

  • RubberfistRubberfist Member Posts: 1,373
    edited October 2019
    That's great for Apple and its stock holders. If you notice the article says that Apple's capital expenditures aren't going to change because of this. They now won't be have to issue debt to fund their domestic capital expenditure program such as the new campus. That campus was going to happen regardless of the tax break.
  • 2001400ex2001400ex Member Posts: 29,457
    Yes Apple is investing in America, as they have since inception. I'm not sure that they actually brought jobs back. But other than that, cool story bro.

    How much cash does Apple have now? I'd bet it's more than before the tax cuts. It's not like the tax cuts spurred them to invest any different than they would have.
  • pawzpawz Member, Moderator, Swaye's Wigwam Posts: 20,941 Founders Club
    2001400ex said:

    Yes Apple is investing in America, as they have since inception. I'm not sure that they actually brought jobs back. But other than that, cool story bro.

    How much cash does Apple have now? I'd bet it's more than before the tax cuts. It's not like the tax cuts spurred them to invest any different than they would have.

    Didn't read the article. Confirmed.


    #HondoBros #lapdog #aclockworkshill #faggotwithanagenda
  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 105,850 Founders Club
    Agitated by good news
  • pawzpawz Member, Moderator, Swaye's Wigwam Posts: 20,941 Founders Club

    Agitated by good news

    Imagine rooting for the away team.
  • RubberfistRubberfist Member Posts: 1,373
    pawz said:

    2001400ex said:

    Yes Apple is investing in America, as they have since inception. I'm not sure that they actually brought jobs back. But other than that, cool story bro.

    How much cash does Apple have now? I'd bet it's more than before the tax cuts. It's not like the tax cuts spurred them to invest any different than they would have.

    Didn't read the article. Confirmed.


    #HondoBros #lapdog #aclockworkshill #faggotwithanagenda
    pawz said:

    2001400ex said:

    Yes Apple is investing in America, as they have since inception. I'm not sure that they actually brought jobs back. But other than that, cool story bro.

    How much cash does Apple have now? I'd bet it's more than before the tax cuts. It's not like the tax cuts spurred them to invest any different than they would have.

    Didn't read the article. Confirmed.


    #HondoBros #lapdog #aclockworkshill #faggotwithanagenda
    n early 2018, less than a month after the tax bill was signed, Apple announced it would contribute $350 billion to the U.S. economy over five years—a figure that included spending on parts and services, capital spending and tax payments. Even though that was consistent with Apple’s previous spending levels in the U.S., Mr. Cook went on ABC News to tout the commitment, as well as Apple’s promise to develop a new Apple campus, which it later awarded to Austin, Texas.

    I didn't read the WSJ article but did it contradict itself somewhere? BTW, Apple's 2019 capex is expected to be less than 2018.

  • SledogSledog Member Posts: 33,862 Standard Supporter
    HondoBros meltdown in 3,2,1.............

  • MikeDamoneMikeDamone Member Posts: 37,781
    2001400ex said:

    Yes Apple is investing in America, as they have since inception. I'm not sure that they actually brought jobs back. But other than that, cool story bro.

    How much cash does Apple have now? I'd bet it's more than before the tax cuts. It's not like the tax cuts spurred them to invest any different than they would have.

    Yeah, you didn’t read it.
  • MikeDamoneMikeDamone Member Posts: 37,781

    Agitated by good news


    HondoBros want the economy to tank. Simple fact
  • SledogSledog Member Posts: 33,862 Standard Supporter
    The best part is they aren't building the new campus in Kali.

    El Monte why is that? How could that possibly be? Why would they? How could they?
  • RubberfistRubberfist Member Posts: 1,373
    Sledog said:

    The best part is they aren't building the new campus in Kali.

    El Monte why is that? How could that possibly be? Why would they? How could they?

    Maybe because they already have one there?
  • SFGbobSFGbob Member Posts: 32,213
    Sledog said:

    The best part is they aren't building the new campus in Kali.

    El Monte why is that? How could that possibly be? Why would they? How could they?

    California can do anything it wants and half the people living here hate themselves according to El Monte
  • 2001400ex2001400ex Member Posts: 29,457
    pawz said:

    2001400ex said:

    Yes Apple is investing in America, as they have since inception. I'm not sure that they actually brought jobs back. But other than that, cool story bro.

    How much cash does Apple have now? I'd bet it's more than before the tax cuts. It's not like the tax cuts spurred them to invest any different than they would have.

    Didn't read the article. Confirmed.


    #HondoBros #lapdog #aclockworkshill #faggotwithanagenda
    Yes I know what the article said. And yes I know what Tim cook says. Just like everyone who said they'd close businesses because of Obamacare. Or that would move work to America from China if the tax cut went through yet didn't. Business owners say what they want to get what they want. Doesn't mean they'll actually do it. Or that it effected anything.
  • SFGbobSFGbob Member Posts: 32,213
    Hondo when you pay your taxes do write a check for more than you owe?
  • MikeDamoneMikeDamone Member Posts: 37,781
    Sledog said:

    The best part is they aren't building the new campus in Kali.

    El Monte why is that? How could that possibly be? Why would they? How could they?

    Texas > California. Follow the money flow
  • MikeDamoneMikeDamone Member Posts: 37,781
    2001400ex said:

    pawz said:

    2001400ex said:

    Yes Apple is investing in America, as they have since inception. I'm not sure that they actually brought jobs back. But other than that, cool story bro.

    How much cash does Apple have now? I'd bet it's more than before the tax cuts. It's not like the tax cuts spurred them to invest any different than they would have.

    Didn't read the article. Confirmed.


    #HondoBros #lapdog #aclockworkshill #faggotwithanagenda
    Yes I know what the article said. And yes I know what Tim cook says. Just like everyone who said they'd close businesses because of Obamacare. Or that would move work to America from China if the tax cut went through yet didn't. Business owners say what they want to get what they want. Doesn't mean they'll actually do it. Or that it effected anything.
    No don’t. It’s behind a pay wall and we all know you can’t afford the WSJ. You didn’t read it.
  • SledogSledog Member Posts: 33,862 Standard Supporter

    Sledog said:

    The best part is they aren't building the new campus in Kali.

    El Monte why is that? How could that possibly be? Why would they? How could they?

    Texas > California. Follow the money flow
    All those Kali people will move there and Texas will be fucked too!
  • SFGbobSFGbob Member Posts: 32,213
    Sledog said:

    Sledog said:

    The best part is they aren't building the new campus in Kali.

    El Monte why is that? How could that possibly be? Why would they? How could they?

    Texas > California. Follow the money flow
    All those Kali people will move there and Texas will be fucked too!
    It’s already happening, fuckers are like locusts
  • SledogSledog Member Posts: 33,862 Standard Supporter
    SFGbob said:

    Sledog said:

    Sledog said:

    The best part is they aren't building the new campus in Kali.

    El Monte why is that? How could that possibly be? Why would they? How could they?

    Texas > California. Follow the money flow
    All those Kali people will move there and Texas will be fucked too!
    It’s already happening, fuckers are like locusts
    It's a plot.
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