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The Establishments war on Donald Trump
See other The Establishments war on Donald Trump Articles

Title: CEO of Japanese telecom SoftBank says company will bring $50 billion and 50,000 jobs to US after meeting with Trump
Source: business investor
URL Source: http://www.businessinsider.com/soft ... bs-after-trump-meeting-2016-12
Published: Dec 6, 2016
Author: bryan
Post Date: 2016-12-06 15:43:13 by calcon
Keywords: None
Views: 2101
Comments: 5

Masayoshi Son, the CEO of Japanese telecom SoftBank, announced Tuesday that his company will be investing $50 billion and bringing 50,000 jobs to the US after a meeting with President-elect Donald Trump.

According to the Wall Street Journal, Son told reporters waiting at Trump Tower that the investment would come from a $100 billion fund created in partnership with the Saudi Arabia sovereign wealth fund and other investors.

Details on what sort of businesses the fund will invest in or the jobs created were not announced. But Son did show reporters a PowerPoint slide signed by Trump and Son with the vague numbers.

Shortly following the meeting, Trump tweeted the details of the agreement and claimed the deal never would have been done if "we (Trump) not won the election."

Trump and Masayoshi came down from his office in Trump Tower to announce the move to reporters gathered in the lobby of Trump Tower. Trump called Masayoshi "one of the great men of industry" before leaving the Softbank CEO to talk to reporters.

"I just came to celebrate his new job," Son said, according to a pool report. "I said, 'This is great. The US will become great again."

SoftBank is the second-largest telecom by market share in Japan after rival NTT.

The SoftBank move comes just a week after Trump announced a deal with United Technologies to keep 1,100 jobs at its Carrier plant in Indiana.

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Begin Trace Mode for Comment # 3.

#1. To: calcon (#0)

It seems the US is open for business once again, bet the plant is set up where they can take advantage of cheap hispanic labour

paraclete  posted on  2016-12-06   16:09:58 ET  Reply   Untrace   Trace   Private Reply  


#2. To: paraclete (#1)

It seems the US is open for business once again, bet the plant is set up where they can take advantage of cheap hispanic labour

I'll bet the plants employ legal Americans.

Vicomte13  posted on  2016-12-06   18:19:52 ET  Reply   Untrace   Trace   Private Reply  


#3. To: Vicomte13 (#2)

cheap hispanic labour

I'll bet the plants employ legal Americans.

Amnesty, a GOP tradition.

Hondo68  posted on  2016-12-06   19:57:10 ET  (1 image) Reply   Untrace   Trace   Private Reply  


Replies to Comment # 3.

#4. To: hondo68 (#3)

Amnesty, a GOP tradition.

Good thing Trump isn't a traditional Republican.

Vicomte13  posted on  2016-12-06 21:10:18 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 3.

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