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Faint corporate outcry after Trump's travel ban

Monday, January 30, 2017 - 01:14

Most U.S. corporate bosses have stayed silent on President Donald Trump's immigration curbs. Fred Katayama reports.

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After President Donald Trump's ban on refugees and travelers from seven Muslim-majority countries created chaos at U.S. airports, Silicon Valley spoke out. The heads of Apple, Google, and Facebook have come out quite vocally against the new regulation. But the rest of corporate America has mostly been more subdued. Carmel Crimmins covers the story for Reuters. (SOUNDBITE) CARMEL CRIMMINS, FINANCIAL SERVICES EDITOR, REUTERS,(ENGLISH) SAYING: "Some of these companies, I'm thinking of Boeing, GM have already been in the crosshairs of the White House, and those would loathe to, you know, make themselves a target again by speaking out. Also, for many industries, healthcare, finance, and autos, there is a lot of regulatory changes that are expected, so, again, they are on to this new era, and they don't want to, weigh in, and, frankly, ruin their chances." So far, Goldman Sachs CEO Lloyd Blankfein is the only major U.S. bank boss to speak out directly against the executive order. Nike CEO Mark Parker said his company did not support the travel ban. And Starbucks CEO Howard Schultz said Starbucks plans to hire 10,000 refugees over five years, but he did not directly criticize Trump's order.

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Faint corporate outcry after Trump's travel ban

Monday, January 30, 2017 - 01:14