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Apple CEO Tim Cook’s close ties with Donald Trump may explain why the company spends less on lobbying than other tech giants (AAPL)

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Apple CEO Tim Cook’s close ties with Donald Trump may explain why the company spends less on lobbying than other tech giants (AAPL)

Category : entrepreneur

  • Apple spent less on lobbying than Microsoft, Facebook, Amazon, and Alphabet.
  • However, Apple CEO Tim Cook has forged close ties with President Donald Trump, his daughter Ivanka Trump, and Trump’s senior adviser Jared Kushner, the Wall Street Journal‘s Tripp Mickle reports. 
  • If Cook disagrees with one of Trump’s policies, he often lets the administration know before taking a stance.
  • Visit Business Insider’s homepage for more stories.

Even though Apple has spent less on lobbying than the other tech giants, CEO Tim Cook has forged close ties with President Donald Trump, the Wall Street Journal‘s Tripp Mickle reports. 

Since 2017, Apple has spent nearly $18 million on lobbying, according to the Center for Responsive Politics. In comparison, Microsoft spent $24 million, Facebook spent $32 million, Amazon spent $36 million, and Alphabet spent $47 million.

Still, Cook attends dinners and meetings with Donald Trump, has close ties to Trump’s senior adviser Jared Kushner and his wife Ivanka Trump, and meets regularly with Trump administration officials like economic adviser Larry Kudlow, people close to Apple and the Trump administration told the Journal.

For example, in August, Cook reached out to Kushner to explain how upcoming tariffs would increase iPhone prices and hurt its competition with other phone companies like Samsung. Within days, the Trump administration exempted iPhones, along with other electronics products, from the tariff plan.

A person close to the administration told the Journal that Cook’s call with Kushner influenced this decision.

Likewise, Trump refers to Cook as a friend, praises Apple and Cook’s business abilities, and even called Cook to wish him a Happy Thanksgiving, a person familiar with the matter told the Journal.

Still, Cook disagrees with Trump on various issues, like immigration and climate change, and 97% of Apple employee donations in the 2018 midterm elections went to Democratic candidates, according to the Center for Responsive Politics. 

Often, Cook or a member of Apple’s public affairs team will alert the White House through Kushner or another senior White House official before publicly challenging Trump’s policies, former administration officials told the Journal.

Read more:We checked out the neighborhood where Apple is building a new Seattle campus, just blocks away from Amazon HQ

For example, Cook communicated with Trump over his plan to exit from the Paris Climate Accord after Ivanka Trump called on Cook for help, current and former administration officials told the Journal. Trump didn’t change his mind, but Cook later wrote an email to employees criticizing Trump’s decision.

Cook’s close ties to the administration may explain it’s relatively low lobbying costs. 

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Sammy Singh

Global VC, Founder, and entrepreneur extraordinaire as featured in Inc. Magazine, Bloomberg, and Forbes. Sammy Singh is a graduate of UCLA and Wharton School of Business as well as a former student of Loyola University of Chicago. Sammy is best known as a renowned financial technology global entrepreneur and has founded over 26 different firms across industry and all over the world. He is a venture capitalist,a TV/ Film actor, tax specialist, and marketing solutions strategist. Connect with Sammy Singh on social media below! www.linkedin.com/in/cfo www.instagram.com/champagnegqpapi www.facebook.com/officialsammysingh www.twitter.com/cxosynergy www.medium.com/@sammysingh www.crunchbase.com/sammysingh

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