Indra Nooyi, Elon Musk Join Trump’s Business Advisory Council
President-elect Donald Trump announced the formation of a council to advise him on job creation.
The Quint DAILY
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Indra Nooyi, PepsiCo chairman and CEO, Elon Musk, chairman and chief executive of SpaceX and Tesla, and Travis Kalanick, Uber Technologies CEO and co-founder, have joined US President-elect Donald Trump's business advisory council, Trump's transition team said on Wednesday.
Earlier, President-elect Donald Trump announced the formation of a council to advise him on job creation, a group comprised of leaders of a variety of major US corporations including GE, GM, Boeing, Disney and IBM.
Stephen Schwarzman, chief executive officer of major investment firm Blackstone Group LP, 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, 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 authorised 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 which business leaders have cheered.
(With inputs from Reuters.)
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Topics: Business Indra Nooyi Elon Musk
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