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[timelets]

Uber Technologies Inc.’s chief executive, Travis Kalanick, said he is stepping down from President Donald Trump’s economic advisory council, saying that his participation has been misunderstood as an endorsement of the new administration’s policies.
https://www.wsj.com/articles/uber-technologies-ceo-travis-kalanick-leaves-presidents-business-council-1486073997?mod=e2tw

President Trump may not be good for your business if the majority of your customers don't like Trump. The same applies to most American global companies.

upd: Jeffrey Pfeffer chimes in:

That is a fundamental problem, Mr. Pfeffer said. “No good business makes decisions that are based on falsehoods,” he said. “My sense is that Trump takes no one’s counsel but his own. That’s bad management, period.”

https://www.nytimes.com/2017/02/02/business/donald-trump-management-style.html

Comments

[tijd]

Flashback to election:

No chief executive at the nation’s 100 largest companies had donated to Republican Donald Trump’s presidential campaign through August, a sharp reversal from 2012, when nearly a third of the CEOs of Fortune 100 companies supported GOP nominee Mitt Romney.
https://www.wsj.com/articles/no-fortune-100-ceos-back-republican-donald-trump-1474671842

[timelets]

Trump has the mentality of a real estate developer, not a Fortune 100 CEO. He didn't make or distribute any products or services on a large scale even during his most successful years in business. No CEO would trust him to run a major operating company or even a department, besides maybe sales.

[tijd]

Here is how Warren Buffett described Trump's performance as a CEO of a public company (Trump Hotels & Casino Resorts):

"People who believed in him, who listened to his siren song, came away losing well over 90 cents on the dollar. They got back less than a dime. In 1995, when he offered this company, if a monkey had thrown a dart at the stock page, the monkey on average would have made 150%."
http://money.cnn.com/2016/08/03/news/economy/buffett-trump-stock/

[timelets]

Great quote. I can't believe millions of people think that Trump is capable of running a large complex organization.

[tijd]

From a person who knows Trump very well (his biographer, Tim O'Brien):

Trump campaigned in part on the notion that he would bring managerial prowess to the White House. But his entire business career, his presidential campaign, and now his presidency, have been routinely marked by chaos and seat-of-the-pants decision-making.

Some observers attribute this -- as well as Trump's haphazard tweeting and his fondness for confrontational or unsettling statements -- to various forms of the Trumpian dark arts and wily, strategic thinking. It's none of that. It's just Trump being Trump, and the country he's presiding over should brace itself accordingly.
https://www.bloomberg.com/view/articles/2017-02-02/-trump-adviser-is-a-contradiction-in-terms