Kevin O’Leary explains why CEOs ‘want to suck up to Trump in a very big way’
“Shark Tank” investor Kevin O’Leary discusses how CEOs are increasing their investments in America ahead of President-elect Donald Trump’s inauguration on “Evening Edit.”
From Amazon and Apple to Google and Netflix, CEOs of America’s most famous companies flocked to Mar-a-Lago to meet with President-elect Donald Trump for two main reasons, according to Kevin O’Leary.
“This is a phenomenal platform for Trump. Everyone knows he’s pro-business. But as far as those CEOs go, there’s two things going for them,” said the CEO and president of O’Leary Ventures.Evening editing“Tuesday.
“They clearly know that tax rates will probably remain at 21 percent,” he expanded. “But the other thing is social media deregulation and free speech… So all of a sudden you want to suck Trump in a very big way for two reasons. He’s got the power, he’s got the mandate, he’s got the reach, and nobody’s going to touch him for two years.”
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That sentiment was confirmed by the fact that in recent weeks. Trump is believed to have met privately With Netflix’s Ted Sarandos, Meta’s Mark Zuckerberg, Apple’s Tim Cook, Amazon’s Jeff Bezos and Google’s Sundar Pichai at his Palm Beach estate.
Kevin O’Leary said he was “lickin’ it [his] own chops” on FOX Business Tuesday in “good times” ahead for business leaders under “Trump 2.0”. (Getty Images)
“I don’t care if you’re running a country or the CEO of an S&P 500 company, you suck, and there’s a very important reason for that: power. [Political] majority mandate, there’s no such thing,” O’Leary said, referring to the GOP’s control of the House, Senate and soon the White House.
“You have to talk to the boss and find out what he thinks. Because this is a relationship guy,” he continued, “and I think this mandate will be much better than the last one for more sustainable and very good business. I’m licking my chops right now. These are good times.”
O’Leary Ventures President Kevin O’Leary discusses expectations for President-elect Trump’s second term in the White House in “Cavuto. “Coast to Coast” theme.
O’Leary believes executives are most excited about Trump’s potential tax plans.
“They’re sure it exists 21% [corporate tax] platform is going to stick. That was all they needed to hear. But the added bonus is the deregulation. It’s the federal deregulation. I mean, it’s fantastic.”
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Expanding on how President Joe Biden was “hurting” the economy, O’Leary pointed to green energy policies that indirectly affect individual Americans, “when all of a sudden everything they do costs more and they can’t make ends meet.” bring it to an end.
“America straightened itself out very quickly,” Mr. Awesome said. “The amazing thing about Trump 2.0 is, I don’t care what your sound bite is, [it] Sounds good to me… He sounds pretty rational. He’s really taken it to a new place. And I’m just saying, if you think about it, that’s what people wanted to hear. They gave him the mandate. He’s delivering the mandate, and he’s doing it really fast.”
FOX Business’ Eric Revell contributed to this report.
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