Sometimes my view from the Bach Seat is just so right. The BusinessInsider reports that former Apple (AAPL) CEO Steve Jobs told his biographer Walter Isaacson what really went on when the tech titans supped with Barack Obama earlier this year.
While the tech titans were slated to discuss America’s economy and what could be done to create more jobs in the U.S. according to Mr. Isaacson, Google’s (GOOG) Eric Schmidt, then Yahoo (YHOO) chief Carol Bartz, and Oracle’s (ORCL) Larry Ellison and Cisco‘s (CSCO) John Chambers annoyed Obama. The business leaders seemed more concerned with boosting his own company instead of America’s economy as a whole. Mr.Isaacson focuses on Cisco’s Chambers as an example:
“Chambers, for example, pushed a proposal for a repatriation tax holiday that would allow major corporations to avoid tax payments on overseas profits if they brought them back to the United States for investment during a certain period. The President was annoyed, and so was Facebooks’s Mark Zuckerberg, who turned to Valerie Jarrett, sitting to his right, and whispered, “We should be talking about what’s important to the country. Why is he just talking about what’s good for him?”
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I noted John Chambers’ editorial in the WSJ calling for a tax holiday last year.
Related articles
- Watch Jon Stewart Deconstruct Steve Jobs On The Daily Show (iphonesavior.com)
- Steve Jobs On Mark Zuckerberg: ‘I Admire Him For Not Selling Out’ (AAPL) (businessinsider.com)
This really is a problem I must find more information about, thank you for the blog post.