“In President-elect Donald J. Trump’s newly named kitchen cabinet of business advisers, Wall Street is in. Silicon Valley is out,” Michael J. de la Merced reports for The New York Times.Mr. Trump has named 16 business leaders to serve on what’s being called the President’s Strategic and Policy Forum, described as a group meant to guide his administration on economic matters.”

“The list echoes Mr. Trump’s picks for a number of major economic positions, including Treasury secretary (the former Goldman Sachs partner and hedge fund manager Steven T. Mnuchin) and commerce secretary (the billionaire investor Wilbur L. Ross),” de la Merced reports. “Given his long experience as a New York real estate investor, Mr. Trump’s selections may not come as a surprise.”

“It is a bipartisan list, nonetheless, with a number of members who traditionally have favored Democratic candidates, including Laurence D. Fink of the asset management colossus BlackRock, Mary T. Barra of General Motors and Robert Iger of Walt Disney,” de la Merced reports.

U.S. President-elect Donald Trump

U.S. President-elect Donald Trump

“‘This forum brings together C.E.O.s and business leaders who know what it takes to create jobs and drive economic growth,’ Mr. Trump said in a statement. ‘My administration is committed to drawing on private sector expertise.’ The group is expected to meet with Mr. Trump monthly. The first meeting will be at the White House in early February.”

“Aside from Virginia M. Rometty of IBM, there is hardly any representation of technology companies, and certainly none from Silicon Valley,” de la Merced reports. “Perhaps that’s unsurprising, given Mr. Trump’s slim public support in the Bay Area… Indeed, many Silicon Valley luminaries have opposed Mr. Trump since the presidential campaign. Eric Schmidt, the executive chairman of Google’s parent company, Alphabet, was an enthusiastic supporter of both Mr. Obama and Mrs. Clinton.”

Read more in the full article here.

MacDailyNews Take: The price of putting all of your eggs in the wrong basket.

We bet Tim Cook is glad today that he hosted that GOP fundraiser with House Speaker Paul Ryan back in June.

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