Chuck Darwin on Nostr: #Peltz, the billionaire who hosted fellow Republican donors in Palm Beach, also had ...
#Peltz, the billionaire who hosted fellow Republican donors in Palm Beach,
also had direct access to the White House.
A few months after Trump’s Inauguration, he met privately with the President in the Oval Office, presenting him with a written dossier that made the case that Amazon
and its owner, Jeff Bezos,
were responsible for the economic woes of the U.S. Postal Service.
Trump, who had long attacked Bezos as the proprietor of the Washington Post,
summoned a senior official to hear Peltz’s complaint.
According to the official, Peltz told Trump that
“the reason why the Post Office is in the red is almost entirely because of Amazon,”
claiming, falsely,
that it received preferential rates,
benefitted from “unfair competition,”
and ought to be considered an antitrust violator.
Trump’s staff tried to figure out what Peltz’s interest was in the matter.
It turned out that Trian Fund Management, Peltz’s asset-management firm,
had recently taken a $3.5-billion stake in Procter & Gamble,
the consumer-products giant.
Peltz, an activist investor who buys his way into corporate-leadership roles,
often by prompting proxy fights,
considered Amazon’s purchase of Whole Foods a threat to his business.
On December 29, 2017, Trump tweeted,
“Why is the United States Post Office, which is losing many billions of dollars a year, while charging Amazon and others so little to deliver their packages, making Amazon richer and the Post Office dumber and poorer? Should be charging MUCH MORE!”
also had direct access to the White House.
A few months after Trump’s Inauguration, he met privately with the President in the Oval Office, presenting him with a written dossier that made the case that Amazon
and its owner, Jeff Bezos,
were responsible for the economic woes of the U.S. Postal Service.
Trump, who had long attacked Bezos as the proprietor of the Washington Post,
summoned a senior official to hear Peltz’s complaint.
According to the official, Peltz told Trump that
“the reason why the Post Office is in the red is almost entirely because of Amazon,”
claiming, falsely,
that it received preferential rates,
benefitted from “unfair competition,”
and ought to be considered an antitrust violator.
Trump’s staff tried to figure out what Peltz’s interest was in the matter.
It turned out that Trian Fund Management, Peltz’s asset-management firm,
had recently taken a $3.5-billion stake in Procter & Gamble,
the consumer-products giant.
Peltz, an activist investor who buys his way into corporate-leadership roles,
often by prompting proxy fights,
considered Amazon’s purchase of Whole Foods a threat to his business.
On December 29, 2017, Trump tweeted,
“Why is the United States Post Office, which is losing many billions of dollars a year, while charging Amazon and others so little to deliver their packages, making Amazon richer and the Post Office dumber and poorer? Should be charging MUCH MORE!”