“It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future,” President Donald Trump wrote on social media. He took the stake in the company after calling on August 7 for its chief executive officer, Lip-Bu Tan, to step down. When Tan met with Trump on August 11, the president says, he told Tan the U.S. “should be given 10% of Intel.” Tan agreed. Announcing the deal, Trump referred to Tan as “the Highly Respected Chief Executive Officer of the Company.”
It is wild to see Republicans cheering on a president who publicly threatened a CEO and stated openly that he shook the man down for a major share in his company.
It is even wilder to see Republicans, who since 1980 have held s