President Obama Meets With Tim Cook and Other CEOs to Discuss Fiscal Crisis

MacRumors · Nov 19, 2012, 12:49 PM

President Obama met with corporate leaders including Apple CEO Tim Cook, JPMorgan Chase chief Jamie Dimon, and investor Warren Buffett, and others.

Quote:

"The president reached out to and spoke with each of these business leaders as a part of his continuing conversations and outreach on the need to find a balanced deficit-reduction solution that protects the middle class and continues to move our economy forward," the White House official said.

It's not particularly surprising that Obama reached out to Cook -- Apple has been one of the most valuable companies in the world for a while now -- but it does show how important Apple has become in recent years.

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Article Link: President Obama Meets With Tim Cook and Other CEOs to Discuss Fiscal Crisis

Menel · Nov 19, 2012, 12:53 PM

What is really controversial about the piece? It's pretty matter of fact.

It didn't even as much as hint at what Tim Cook or Obama may have got out of said meeting.

AJH1993 · Nov 19, 2012, 12:54 PM

I hope people are civil in the comments.
Wishful thinking

bobbytallant · Nov 19, 2012, 12:55 PM

That doesn't look like Tim Cook???

CalWizrd · Nov 19, 2012, 12:59 PM

Quote:

Originally Posted by bobbytallant

That doesn't look like Tim Cook???

Looks a lot like Rahm Emanuel

1080p · Nov 19, 2012, 01:00 PM

Tim: Mr. President, we would really love for you to lower the corporate tax rate so we can bring a big chunk of our $100 billion back to the USA.

Obama: No! More taxes! We like to spend spend spend!

JDee · Nov 19, 2012, 01:01 PM

That article is horribly written - sorry...

Peace · Nov 19, 2012, 01:04 PM

Quote:

Originally Posted by bobbytallant

That doesn't look like Tim Cook???

Quote:

Originally Posted by CalWizrd

Looks a lot like Rahm Emanuel

It is Rahm.

Should be Obama..

thekev · Nov 19, 2012, 01:05 PM

Quote:

Originally Posted by 1080p

Tim: Mr. President, we would really love for you to lower the corporate tax rate so we can bring a big chunk of our $100 billion back to the USA.

Obama: No! More taxes! We like to spend spend spend!

History would like a word with you.

iMikeT · 06:54 PM

Dear President Obama,

I am a fan of Apple and love their products. However, I am more concerned about the well being of the average person. Please don't sell out the middle class to these oligarchs by taking away programs people have worked hard for their entire lives. All these CEOs want is more money for themselves and their executive teams at the price of the 99%.

-iMikeT

ndpitch · Nov 19, 2012, 01:12 PM

Read: "Obama meets with Tim Cook and other CEOs to get advice on the critical state of this country, because Obama has no idea what he's doing."

Obama is such a joke. I still can't believe how ignorant our nation is as a whole to have elected him to a second term.

deannnnn · Nov 19, 2012, 01:15 PM

Obama: Please move manufacturing to the US.
Cook: Nah, we like money and pretending to reform China's business practices.

iParis · Nov 19, 2012, 01:17 PM

Quote:

Originally Posted by ndpitch

Obama is such a joke. I still can't believe how ignorant our nation is as a whole to have elected him to a second term.

Yeah, because we had such better realistic options.

reckless2k2 · Nov 19, 2012, 01:22 PM

I wonder if capping pay of executives across the board of all US companies would spur more reinvestment in companies hopefully leading to more jobs or if it's better to let the executives make as much as they want and then just tax them heavily for it. The executives could though end up like Buffett and just live off of dividends and get taxed at a lower rate. I guess we should raise taxes on dividends over a certain amount then so no one could theoretically escape then?

Skika · Nov 19, 2012, 01:25 PM

Quote:

Originally Posted by ndpitch

Obama is such a joke. I still can't believe how ignorant our nation is as a whole to have elected him to a second term.

As oppose to someone like Mitt right

jayducharme · Nov 19, 2012, 01:26 PM

Quote:

Originally Posted by ndpitch

Obama is such a joke. I still can't believe how ignorant our nation is as a whole to have elected him to a second term.

Ah, you must be one of the 1% who would benefit from a Romney administration.

I'm glad Obama is willing to reach out and learn from others. A great leader can't operate in a vacuum.

Mike84 · Nov 19, 2012, 01:29 PM

Ah, interesting.

Good to see that he is reaching out to these leaders.

ncaissie · Nov 19, 2012, 01:38 PM

I’m Canadian but it makes me mad when companies look for loopholes to avoid taxes.
I don’t like to pay taxes either but I do because it’s the right thing to do. America would be so much better off if there wasn’t so many rich people trying to avoid taxes.

Sydde · Nov 19, 2012, 01:43 PM

Jamie Dimon??? To discuss the state of the economy? Many o fthese people are the very ones who broke the economy in the first place. Hopefully he is having this discussion in order to do the opposite of what they suggest (though the hope of that is faint).

Eraserhead · Nov 19, 2012, 01:51 PM

Quote:

Originally Posted by 1080p

Tim: Mr. President, we would really love for you to lower the corporate tax rate

Yeah, because corporations pay far too much tax at the moment

.

lazyrighteye · Nov 19, 2012, 01:51 PM

Meeting with and seeking advice of several experts, in any field, is smart/informed leadership. Politics or not.

ndpitch · Nov 19, 2012, 01:52 PM

I never said I supported Mitt. Please don't put words in my mouth. I'm a libertarian.

That said, Romney would have run the country more like a business instead of a humanitarian society, which is what needs to happen. This made him the better option. He wasn't the optimal candidate, but I think he understood that the government is too big, and doesn't do a good job at running things.

We're on the highway to Greece people. The government isn't the answer. They're the cause.

Lone Deranger · Nov 19, 2012, 01:58 PM

Quote:

Originally Posted by ndpitch

I still can't believe how ignorant our nation is as a whole to have elected him to a second term.

'Because there really was no other sane choice'.

Signed: the rest of the world.

unplugme71 · Nov 19, 2012, 01:59 PM

Quote:

Originally Posted by ndpitch

Read: "Obama meets with Tim Cook and other CEOs to get advice on the critical state of this country, because Obama has no idea what he's doing."

Obama is such a joke. I still can't believe how ignorant our nation is as a whole to have elected him to a second term.

Funny how the only time Obama isn't on vacation was during the campaign to get re-elected

Eraserhead · Nov 19, 2012, 02:01 PM

Quote:

Originally Posted by unplugme71

Funny how the only time Obama isn't on vacation was during the campaign to get re-elected

Great sarcasm!

Nov 19, 2012, 12:53 PM	#2
Menel macrumors 68020 Join Date: Aug 2011 Location: Atlanta	What is really controversial about the piece? It's pretty matter of fact. It didn't even as much as hint at what Tim Cook or Obama may have got out of said meeting. __________________ iPhone 5 TMo, iPad (3rd gen), iPod Nano (4th gen), AppleTV (2nd gen), iTunes Match
	4

Nov 19, 2012, 12:55 PM	#4
bobbytallant macrumors 6502 Join Date: Apr 2010	That doesn't look like Tim Cook??? __________________ rMBP 15" iPhone 5 Black
	10

Nov 19, 2012, 01:00 PM	#6
1080p macrumors 65816 Join Date: Mar 2010 Location: Planet Earth	Tim: Mr. President, we would really love for you to lower the corporate tax rate so we can bring a big chunk of our $100 billion back to the USA. Obama: No! More taxes! We like to spend spend spend! __________________ 21.5" iMac (2011) \| Hackintosh HTPC with Intel C2Q 8400, Nvidia 7900GS \| Synology NAS \| iPhone 5 White 32GB (AT&T)
	21

Nov 19, 2012, 01:08 PM	#10
iMikeT macrumors 68020 Join Date: Jul 2006 Location: California	Dear President Obama, I am a fan of Apple and love their products. However, I am more concerned about the well being of the average person. Please don't sell out the middle class to these oligarchs by taking away programs people have worked hard for their entire lives. All these CEOs want is more money for themselves and their executive teams at the price of the 99%. -iMikeT Last edited by iMikeT; Nov 19, 2012 at 06:54 PM. Reason: Typo
	12

Nov 19, 2012, 01:12 PM	#11
ndpitch macrumors regular Join Date: Jun 2010	Read: "Obama meets with Tim Cook and other CEOs to get advice on the critical state of this country, because Obama has no idea what he's doing." Obama is such a joke. I still can't believe how ignorant our nation is as a whole to have elected him to a second term.
	42

Nov 19, 2012, 12:54 PM	#3
AJH1993 macrumors regular Join Date: Oct 2011	I hope people are civil in the comments. Wishful thinking
	5

Nov 19, 2012, 01:01 PM	#7
JDee macrumors 6502 Join Date: Aug 2008 Location: Ireland	That article is horribly written - sorry...
	4

Nov 19, 2012, 01:15 PM	#12
deannnnn macrumors 68000 Join Date: Jun 2007 Location: New York City & South Florida	Obama: Please move manufacturing to the US. Cook: Nah, we like money and pretending to reform China's business practices. __________________ MacBook Pro (Retina) / iPhone 5 / iPad 1
	14

Nov 19, 2012, 01:22 PM	#14
reckless2k2 macrumors 6502 Join Date: Jul 2008	I wonder if capping pay of executives across the board of all US companies would spur more reinvestment in companies hopefully leading to more jobs or if it's better to let the executives make as much as they want and then just tax them heavily for it. The executives could though end up like Buffett and just live off of dividends and get taxed at a lower rate. I guess we should raise taxes on dividends over a certain amount then so no one could theoretically escape then? __________________ Not sent from my iPhone, iPod Touch, or iPad.
	4

Nov 19, 2012, 01:29 PM	#17
Mike84 macrumors 6502a Join Date: Jun 2010	Ah, interesting. Good to see that he is reaching out to these leaders.
	2

Nov 19, 2012, 01:38 PM	#18
ncaissie macrumors 6502a Join Date: Dec 2011	I’m Canadian but it makes me mad when companies look for loopholes to avoid taxes. I don’t like to pay taxes either but I do because it’s the right thing to do. America would be so much better off if there wasn’t so many rich people trying to avoid taxes. __________________ 2011 MacBook Pro iPod touch 2G iFone 5! iPad 2 ATV 2G
	10

Nov 19, 2012, 01:43 PM	#19
Sydde macrumors 68000 Join Date: Aug 2009	Jamie Dimon??? To discuss the state of the economy? Many o fthese people are the very ones who broke the economy in the first place. Hopefully he is having this discussion in order to do the opposite of what they suggest (though the hope of that is faint). __________________ Mr. Paul, sir, I thought you should be advised, there seems to be a zombie tribble clinging to your head, for it is scarfing your brain
	4

Nov 19, 2012, 01:51 PM	#21
lazyrighteye macrumors 65816 Join Date: Jan 2002 Location: Denver, CO	Meeting with and seeking advice of several experts, in any field, is smart/informed leadership. Politics or not.
	12

Nov 19, 2012, 01:52 PM	#22
ndpitch macrumors regular Join Date: Jun 2010	I never said I supported Mitt. Please don't put words in my mouth. I'm a libertarian. That said, Romney would have run the country more like a business instead of a humanitarian society, which is what needs to happen. This made him the better option. He wasn't the optimal candidate, but I think he understood that the government is too big, and doesn't do a good job at running things. We're on the highway to Greece people. The government isn't the answer. They're the cause.
	26

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