Friday, December 02, 2016

Donald Trump's First 100 Days (PM Edition): "Trump packs board of CEO advisers with Wall Street names" - MORE UPDATES

A cadre of Wall Street leaders and corporate CEOs will be regularly advising the Trump Administration through a “Strategic and Policy Forum,” the transition announced Friday.

The forum will be led by Stephen A. Schwarzman, the CEO of Blackstone, and include J.P. Morgan CEO Jamie Dimon, BlackRock CEO Larry Fink, General Motors CEO Mary Barra, Walt Disney CEO Bob Iger, Wal-Mart CEO Doug McMillon and 10 other members.

“Members of the Forum will be charged with providing their individual views to the President – informed by their unique vantage points in the private sector – on how government policy impacts economic growth, job creation, and productivity,” the transition said in a statement. “The Forum is designed to provide direct input to the President from many of the best and brightest in the business world in a frank, non-bureaucratic, and non-partisan manner.”

The group represents another striking example of the way Trump’s populist campaign rhetoric — embodied in the oft-chanted phrase “drain the swamp” — has collided with a transition that is producing an administration stocked with the same economic elite Trump accused of hurting the American economy. Read More

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