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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
LeadershipDonald Trump

Donald Trump Adds Elon Musk, Travis Kalanick, and Indra Nooyi to His Team of Advisers

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Madeline Farber
Madeline Farber
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By
Madeline Farber
Madeline Farber
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December 14, 2016, 10:41 AM ET
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The CEOs of Tesla, Uber, and Pepsi will now offer their expertise to Donald Trump.

The President-elect announced Wednesday that he’s added all three executives to his Strategic and Policy forum: Tesla’s (TSLA) Elon Musk, Travis Kalanick of Uber, and Indra Nooyi of PepsiCo (PEP).

The forum, known less formally as the President-elect’s business-advisory group, already includes Mary Barra of General Motors (GM), Jamie Dimon of J.P Morgan (JPM), and Bob Iger of Disney (DIS), among others.

“America has the most innovative and vibrant companies in the world, and the pioneering CEOs joining this Forum today are at the top of their fields,” Trump said in a press release. “My administration is going to work together with the private sector to improve the business climate and make it attractive for firms to create new jobs across the United States from Silicon Valley to the heartland.”

But despite their newfound collaboration, Trump’s three new picks have either previously spoken out against the President-elect or been falsely accused of attacking him.

In November, Musk told CNBC that Trump “was not the right guy” for the White House, adding that “he doesn’t seem to have the sort of character that reflects well on the United States.” And last October, Kalanick told an audience of college students that he would “move to China if Donald Trump wins,” according to the Washington Post.

A Trump administration could be good for Uber, however. Elaine Chao, the President-elect’s pick for Secretary of Transportation, plans to push for less regulation for ride-sharing companies and wants more Americans to take part in the gig economy.

With Nooyi, false reports emerged shortly after the election that she’d made incendiary, anti-Trump comments, which led to a massive online boycott of Pepsi products. Nooyi never publicly backed either candidate during the election. Nooyi is Trump’s third female pick for the advisory group. (She joins Barra and IBM CEO Ginni Rometty).

The group will be chaired by Stephen A. Schwarzman, CEO of private equity giant Blackstone (BX).

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