Major tech leaders photographed meeting with Obama
updated 12:35 pm EST, Fri February 18, 2011
Jobs, Zuckerberg get prominent seats
Several major US technology executives have been officially photographed with President Obama at a dinner meeting on Thursday night. As expected, three people on the guest list included Apple CEO Steve Jobs, Google's Eric Schmidt, and Facebook CEO Mark Zuckerberg. Jobs and Zuckerberg were notably given the most prominent positions during the dinner, seated directly to the left and right of the President.
Other executives confirmed as attending by Reuters were Yahoo's Carol Bartz, Cisco's John Chambers, Twitter's Dick Costolo, Oracle's Larry Ellison, Netflix's Reed Hastings, Stanford University's John Hennessy, Genentech's Art Levinson, and the Westly Group's Steve Westly. The meeting was held at the home of John Doerr, a member of venture capital firm Kleiner Perkins Caufield & Byers. The main topic was "promoting American innovation," along with Obama administration efforts in education, clean energy and research and development.
Jobs and Chambers may have used the meeting to push for a tax holiday on repatriated cash. Corporations would normally pay a 35 percent tax, but a consortium including Apple, Cisco, Pfizer and Duke Energy have reportedly been lobbying to pay just 5 percent. While potentially aiding private investment, the break would also deprive the US government of critical tax revenue.
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industry, Google, Steve Jobs, Facebook, politics, Yahoo, Netflix, Cisco, Twitter, Eric Schmidt, Apple, Oracle, Obama, Mark Zuckerberg, Carol Bartz, John Chambers, Larry Ellison, Art Levinson
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Tax c***
If the money isnt taxable as is now because its in over seas accounts, then 5% is better then no % for sending the money home. Still think it stinks considing how rich the companies are but at the same time 35% seems pretty steep too.