atans1

Trump devalues worth of CEO photo-op with POTUS

In Uncategorized on 08/03/2018 at 4:23 am

A warning for chief executives of foreign companies: A photo-op with Donald Trump ain’t enough to win his administration’s support when it comes to buying up US assets.

Jack Ma of Alibaba learned that the hard way when the US government blocked a company he controls from buying MoneyGram. Hock Tan, the chief executive of Broadcom is starting to learn that too after the US government launched an investigation into the Singapore-based company’s attempt to buy Qualcomm for $142bn (despite the fact that the two sides have yet to reach an agreement on a deal).

FT

Good for Trump. Good for the system. Being seen with POTUS is no big deal.

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