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Article

30 Jan 2017

Author:
Devika Krishna Kumar & Ross Kerber, Reuters (UK)

USA: Tech companies' CEOs take lead in denouncing Trump's immigration orders, other sectors largely stay silent

"RPT-Trump travel ban stirs faint corporate outcry beyond Silicon Valley", 30 Jan 2017

Most U.S. corporate bosses have stayed silent on...Trump's immigration curbs...While the leaders of Apple Inc, Google  and Facebook Inc emailed their staff to denounce the suspension of the U.S. refugee program...many...counterparts in other industries...declined [to] comment...The difference in response shows the pressure...corporate America faces to avoid tussling publicly with the new administration...Boeing [and] General Motors...declined to comment... Wall Street...is hoping the new administration will ease...regulations introduced [during] 2007-08 financial crisis...[B]anking, healthcare and auto manufacturing "...do not want to do anything that would offend the new emperor," said Cornelius Hurley...of Boston [University]...Goldman Sachs... Citigroup...Bank of America...and Morgan Stanley declined to comment.... Nike...said the company did not support the executive order...Allergan Plc [said]: "Oppose any policy that puts limitations on our ability to attract the best & diverse talent." Exxon Mobil...declined to comment. As the idea of corporate social responsibility has taken root, so companies have increasingly championed...gay rights, diverse workplaces and a global view. Many in corporate America are...trying to work out how to deal with a new government that...has an anti-globalization platform...One of the...ways...to communicate with Trump about the immigration order will be the first meeting of his advisory panel...next week. Of the 19 [business] leaders...only...Tesla Motors Inc...SpaceX...and Uber Technologies Inc, have spoken out against...immigration curbs...Stephen Schwarzman...chief of Blackstone Group..., whom Trump tasked to set up and chair the panel, declined to comment [refers to General Electric Co, JPMorgan Chase & Co, Starbucks, Wells Fargo & Co].


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