Presidential CEO Councils: Yet ANOTHER GREAT MOVE by President Trump!
By Dante Vitoria August 22, 2017
Oh, no! A few CEOs “resigned” from President Trump’s Business Advisory Councils. What a TRAGEDY, right? Now what will President Trump do? He did what a GREAT LEADER and CEO would do (and should have done after the first negative remark). HE DISBANDED THEM. Thanks guy’s, Melania has a swag bag for you on the way OUT! He will have FAR LESS INTERFERENCE from those with their own thoughts and agendas. Harsh? Think about it. The list of Council members was (and still is) very impressive. They all have climbed to the top of the “mountain” in their industry and for the most part, are considered to be “Stars” in 2017 (amazing, but TRUE). And that is a part of the problem. All come from different industries, have different goals, and CLEARLY have different products. Yet they also have a few very common goals. And a very small percentage, 8.5% have actually built the company that they serve as CEO of.
So, what is all the uproar over President Trump disbanding these “councils” anyway? Is it because Elon Musk had a press conference to announce his “resignation” from the council of Strategic and Policy Forum? Funny, I do not recall Mr. Musk ever calling a press conference discussing the $4.9 BILLION of subsidies (AKA as TAX DOLLARS) from the United States Government that his companies, Tesla and SpaceX have received, ALL under the Obama administration, do you? Bob Iger, CEO of Disney also “resigned”, with much FANFARE. Disney, the company that feels compelled to assign sexual orientation to cartoon characters, so 3-year-old children across the globe are exposed to things far above their level of understanding. Mickey must be very proud Bob! Travis Kalanick of Uber, he also “resigned”. He had an excuse. He needs to devote his time to defending all of the FRAUD lawsuits he is now facing. Good a reason as any, right?
All three of these gentlemen resigned in protest of President Trump and his “policies”. I do hope President Trump can overcome the devastation of this tremendous loss! Look at the make-up of the 47 members of the two CEO Councils. Every one of them are publicly traded companies. Now before I state the OBVIOUS, that our markets are at an ALL-TIME HIGH under President Trump, there I SAID IT! They should all realize that having a President that has the business acumen and experience that President Trump has is a WINDFALL for each of them, but sadly they did not.
I have a different “take” on all of this, and you just KNEW I would, didn’t you? Look at the roster of the council members, or should I say FORMER council members? Banking, Finance, Manufacturing, Automotive, Healthcare, Aerospace, Technology, Pharmaceuticals, Entertainment, Consulting, Mining and even a Labor Union, Richard Trumka (Chief of the AFL-CIO) perhaps the BIGGEST FOOL of them all. Mr. Trumka, did you notice the over One Million (1,000,000) new jobs President Trump has created to date? THERE is “MY TAKE”. Each and every one of the council members have a clear-cut goal, or actually two goals:
One is to MAXIMIZE their companies’ profits.
Two to KEEP their LOFTY POSITIONS, and GENEROUS FINANCIAL COMPENSATION PACKAGES
Is that clear enough for you?
How can any of these people “advise” the President on:
Or any of today’s issues?
Simply put, what do they KNOW about it.
Sure, one would THINK Merck CEO Ken Frazier or Toby Cosgrove CEO of The Cleveland Clinic would be helpful in the repeal and replacement of Obamacare, right? All they know is how to charge health insurers and the federal government BILLIONS of dollars in fees for drugs and services. Remember one FACT! The CEO of a publicly traded company MUST serve the members of the Board of Directors and MAXIMIZE profits of the company.
There are many thoughts on President Trump’s decision to disband the councils and they come from all angles and from some very successful people. Here are a few: Ben Baldanza, former CEO of Spirit Airlines: “Two things that businesses don’t like are uncertainty and distraction and Washington is sure supplying plenty of both right now”. Ben La Bolt, former spokesperson for Barack Hussein Obama: “Stepping away from Trump was the first step, now business leaders must go further to help society recommit to fundamental American Values”. Andrew Puzder, a candidate for Labor Secretary and former CEO of CKE Restaurants: “Don’t give up your seat at the table. If you have a chance to influence policy, don’t give up or walk away or let people drive you out of the room”. And my FAVORITE, Kevin Plank, CEO of Under Armour: “I love our country & company. I am stepping down from the council to focus on inspiring & uniting through the power of sport”. Excellent, and I thought you were helping China’s economy by employing 7-year-old children to manufacture your sneakers at $0.12/hour!
Here is the bottom line, and it comes from a man who helped teach yours truly, many (MANY) years ago when I began my career on Wall Street. “Nevertheless, I chose to end this arrangement (with your blessing) because I did not want partisan bickering about my role to in any way cloud your administration or Ms. Rao’s important work”. Carl Icahn in his letter to President Trump and referencing the appointment of Neomi Rao as Administrator of the Office of Information and Regulatory Affairs. Icahn, not a particularly “warm and cuddly Teddy Bear” put his own interest ahead of EVERYONE ELSE…except President Trump. This is what we ALL should do.
Stop all of the bickering and LYING. Stop pointing fingers and trying to mobilize against President Trump and the United States of America (he IS OUR PRESIDENT). To help those who do not want to help President Trump fulfill his promise to “Make America Great Again”. I have one more quote for you. It has been attributed to Thomas Paine, but made famous by two GREAT Americans, General George Patton and Lee Iacocca, former CEO of Chrysler: “Lead, follow or get out of the way”. That is what President Trump needs all Americans to do.
Look at the positive things he has done already, without much if ANY cooperation at all. #InTrumpWeTrust
Dante Vitoria is the Founder and CEO of The Vitoria Group in New York City.