❌

Normal view

Received before yesterday

Here's how big business leaders are reacting to the Trump-Musk breakup

6 June 2025 at 05:49
Elon Musk and US President Donald Trump listen to a question from reporters in the Oval Office of the White House in Washington, DC.
Business leaders are weighing in on the Elon Musk and Donald Trump breakup.

Kevin Dietsch/Getty Images

  • The friendship between Elon Musk and Donald Trump publicly unravelled on Thursday.
  • It all started when Musk criticized Trump's "Big Beautiful Bill."
  • Here's what business leaders like Mark Cuban and Bill Ackman have to say about the breakup.

Amid a dramatic falling out between Donald Trump and his "first buddy," Elon Musk, some of the business world's most influential voices are weighing in.

The relationship between the president and his once-close ally imploded on Thursday as they clashed publicly over Trump's "Big Beautiful Bill."

Musk, whoΒ stepped down from his role at DOGEΒ in May, took to X to criticize the bill, calling it the "Debt Slavery Bill" and the "Big Ugly Spending Bill."

In response, Trump fired back at Musk during a White House event. He also defended the bill on Truth Social, while threatening to cancel Musk's government contracts.

Musk saw his net worth fall by $34 billion on Thursday, per the Bloomberg Billionaires Index. Tesla shares were also down by more than 14%.

Here's what several business leaders have to say about the row.

Mark Cuban

Mark Cuban
Mark Cuban appeared to support Elon Musk's suggestion to start a new political party.

Richard Rodriguez/Getty Images

Amid his feud with Trump, Musk proposed creating a new political party for "the middle" in a poll on X.

Mark Cuban appeared to endorse the idea, quoting Musk's post and replying with three check marks.

βœ”οΈβœ”οΈβœ”οΈ https://t.co/HQMRNCCeru

β€” Mark Cuban (@mcuban) June 5, 2025

The former "Shark Tank" star previously said he's "not a fan of either party," but would run as a Republican if he wanted to join politics.

Bill Ackman

Ackman, Bill Ackman
Bill Ackman called on Musk and Trump to reconcile.

Brian Snyder/Reuters

Hedge fund billionaire Bill Ackman voiced his support for both Trump and Musk on X, calling on the two to put aside their differences and "make peace for the benefit of our country."

You’re not wrong

β€” Elon Musk (@elonmusk) June 6, 2025

Ackman, who had endorsed Trump for his 2024 presidential bid, wrote: "We are much stronger together than apart."

"You're not wrong," Musk responded.

Paul Graham

Y Combinator cofounder Paul Graham on stage in an interview
Paul Graham also took to X to share his thoughts on the feud.

Joe Corrigan/Getty Images for AOL

Paul Graham, cofounder of the startup accelerator Y Combinator, also weighed in on the public feud between the president and the Tesla CEO.

"A lot of people seem to be treating this as if it were just a beef. But the underlying allegation is a very serious one. If it's true, Trump is surely going to have to resign," he wrote in a post on X.

Graham did not specify what allegation he was referring to.

A lot of people seem to be treating this as if it were just a beef. But the underlying allegation is a very serious one. If it's true, Trump is surely going to have to resign.

β€” Paul Graham (@paulg) June 5, 2025

Hours before Graham made his post, Musk went on X and accused Trump of withholding information about Jeffrey Epstein.

"Time to drop the really big bomb: @realDonaldTrump is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT!" Musk wrote on X.

Graham told Musk in February that he should work with the government "carefully" because it's not "just a company."

A representative for Graham did not immediately respond to a request for comment from Business Insider.

Read the original article on Business Insider

Bill Ackman and Ye really want Trump and Musk to get back together

6 June 2025 at 03:21
Composite image of Kanye West and Bill Ackman.
Bill Ackman and Kanye West don't want Donald Trump and Elon Musk to fall out.

Edward Berthelot/GC Images; Adam Jeffery/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images

  • Donald Trump and Elon Musk had a public fallout on Thursday after Musk criticized Trump's tax bill.
  • Bill Ackman and Ye, formerly known as Kanye West, took to X to urge the duo to end their public feud.
  • "Broooos please noooooo. We love you both so much," Ye wrote on X.

For some, watching Donald Trump and Elon Musk fall out is like watching your favorite power couple break up β€” and Bill Ackman and Ye really don't want that happening.

The billionaire hedge fund manager and the hip-hop mogul took to X to share their thoughts.

Ackman urged Trump and Musk to reconcile and continue working together.

"I support @realDonaldTrump and @elonmusk and they should make peace for the benefit of our great country. We are much stronger together than apart," Ackman wrote in his post, which is now pinned to the top of his X profile.

I support @realDonaldTrump and @elonmusk and they should make peace for the benefit of our great country.

We are much stronger together than apart.

β€” Bill Ackman (@BillAckman) June 5, 2025

Musk responded to Ackman's post. "You're not wrong," the Tesla CEO wrote.

You’re not wrong

β€” Elon Musk (@elonmusk) June 6, 2025

Ye, the artist formerly known as Kanye West, took a different approach.

"Broooos please noooooo. We love you both so much," Ye wrote on X, with an emoji of two people hugging.

Broooos please noooooo πŸ«‚ We love you both so much

β€” ye (@kanyewest) June 5, 2025

Musk and Trump's relationship has taken a sharp turn.

Shortly after Trump was wounded in an assassination attempt at a rally in July, Musk took to X to declare his endorsement of Trump's presidential bid. He later stood by Trump's side at Mar-a-Lago on election night, celebrating his victory.

In November, Trump said Musk would help lead the newly created Department of Government Efficiency, which was tasked with cutting federal spending.

Early in Trump's second term, Musk was a regular fixture at the White House. At one point, the Tesla CEO brought his son, X Γ† A-XII, to the Oval Office.

But in May, Musk began distancing himself from the administration.

Then on Thursday, it all came crashing down: Musk and Trump had a very public falling out, trading barbs on their respective social media platforms.

Musk, whoΒ left his role at DOGEΒ last week, took to X to criticize Trump's tax bill in a flurry of posts, branding itΒ the "Big Ugly Spending Bill."

Trump then fired back during a White House event, expressing his disappointment in Musk and dismissing the criticism as a case of "Trump Derangement Syndrome," before turning to Truth Social to defend his tax bill.

Representatives for Ackman and Ye did not immediately respond to requests for comment from Business Insider outside regular hours.

Read the original article on Business Insider

Every winter, they'd leave Saint Tropez for Thailand. Eventually, they bought a boutique hotel and moved to the tropics for good.

6 June 2025 at 00:33
Rows of beach chairs along a pool, facing the ocean, in a boutique hotel in Koh Samui, Thailand.
Pauline Cabessa left France and moved to Koh Samui, Thailand, to take over a boutique hotel she'd vacationed at for years.

Amanda Goh for Business Insider.

The sun was shining, the sea was glistening, and the woman in front of me looked every bit the boss of this little slice of paradise in Thailand.

Dressed in breezy beachwear β€” a matching set with bold prints in yellow, pink, and orange β€” she stepped out of the hotel's front office and greeted me with a bright smile.

"Sunglasses are a must," she told me with a laugh, as she led me down the long entryway lined with lush greenery, the tropical sun blazing overhead.

A woman in a colorful outfit posing in front of a metal boutique hotel sign.
Cabessa had no prior experience running a hotel, but her background managing a restaurant in Saint Tropez helped.

Amanda Goh for Business Insider.

Pauline Cabessa runs Cielo Samui, a boutique hotel on Koh Samui's Bo Phut beach.

For more than a decade, Cabessa and her husband escaped their home base in Saint Tropez every winter to holiday in Samui.

They were frequent guests of the hotel β€” then named Eden Beach Bungalows β€” where they struck up a friendship with the French owner. One day, during a casual conversation, he let slip that he was looking to sell the property.

Almost immediately, Cabessa and her husband, Francois Vargas, found themselves imagining what it would be like to take over the place.

The idea stuck, even after their vacation ended. "As we were on the plane, going back to work, we kept thinking, 'Oh, we need to find a way to make it,'" she said.

In 2017, they packed up their lives in France, said goodbye to their loved ones, and moved across the world to run the hotel β€” never mind the fact that neither of them had ever managed one before.

"I felt like it was time in life for a challenge," Cabessa, now 43, said. "Being an employee, doing the same thing all your life β€” if you don't do things that are a little bit crazy, then afterward it might be a little bit too late."

Renovating the hotel

As much as she loved Asia, Cabessa never thought she'd put down roots in Samui.

But her job managing a restaurant in Saint Tropez had started to feel hollow. It was as if the essence of hospitality was being replaced by a culture of showing off, she said.

"I was really losing the authentic connection I shared with people, and time with my family as well, because I was working a lot," she said. "Well, it was thanks to that that I am here now. With the money I earned there, I was able to take on this project."

She preferred to keep financial details private but said she and her husband co-own the hotel with another couple β€” longtime friends who came onboard as business partners. While their business partners are primarily investors and live in the US, she and her husband run the day-to-day operations of the hotel in Samui.

One of the villas in Cielo Samui, a boutique hotel in Koh Samui, Thailand.
When tourism ground to a halt during the pandemic, she took the chance to redesign and renovate the entire property. This is a photo of one of the villas after the renovation.

Provided by Cielo Samui.

The opportunity to take over the hotel came at the right time, since she and Vargas were also thinking about expanding their family. Saint Tropez no longer felt like a place where they wanted to raise their kids.

"I wanted my daughter to learn more English and be in contact with people from different places. I wanted a second child as well," she said, adding that her son was born on Samui.

Her husband needed little convincing β€” he had been vacationing in Samui since 1997, long before the couple had even gotten together.

Although the idea of leaving his previous life behind to start anew in a foreign country felt daunting, Vargas told me he wasn't too worried.

"Moving to Samui was an opportunity to create our own dream," Vargas, 48, said. "I love what we do, the island, the security we can offer our kids, and the people."

Renovation progress photo. Thatched roofs are being removed from a villa in a resort in Koh Samui, Thailand.
The pandemic provided an opportunity for her to renovate the property.

Provided by Cielo Samui.

For the first two years, Cabessa ran the hotel as it was, while Vargas, a chef, oversaw the in-house restaurant.

But when business ground to a halt due to the pandemic, she decided it was time to renovate.

"That was not part of our original plan at all," she said.

Cabessa redesigned the hotel herself. Like many modern women, she drew inspiration from her Pinterest board.

With textured limewashed walls, stone floors, and an earthy-neutral palette, it's hard not to notice the strong Mediterranean design influences that Cabessa infused into the space.

The restaurant in the hotel.
All room types come with breakfast. Meals are served in the hotel restaurant, which is located by the beach.

Amanda Goh for Business Insider.

She also added a yoga studio and a spa to the compound.

The renovation took nine months to complete and was "quite stressful," she said.

To stay afloat during the pandemic and retain their original staff, they opened a restaurant in the nearby tourist district of Fisherman's Village.

"Everybody moved back here when we reopened," she said.

These days, nightly rates for a regular suite begin at 8,500 Thai baht, or $260, with the largest option β€” a three-bedroom villa that accommodates up to eight guests β€” going for 26,000 baht.

Running the biz

Running a hotel is no walk in the park.

"People tell me, 'Your life is cool.' OK, there are coconut trees, there is the sun, I get it. But that doesn't mean that there are no challenges," Cabessa said.

With 45 staff members under her wing, she also finds herself smoothing things over with the occasional picky guest.

The beach in Koh Samui, Thailand.
Guests occasionally leave complaints about things beyond her control, like the noise from the waves or the sand on the beach being too hard.

Amanda Goh for Business Insider.

"I've got reviews from some people complaining about the noise of the waves when they live in the rooms near the beach," she said. "Sometimes people even tell me that the sand on the beach is too hard to walk on."

While Cabessa is always on-site and ready to fix any problems, some things are simply out of her hands. At the end of the day, Samui is an island. "I cannot control nature," she said.

Thankfully, her background working in Saint Tropez prepared her for high-pressure situations.

One of the rooms in the hotel.
Rates start at 8,500 Thai baht for a standard suite and climb to 26,000 baht for a private three-bedroom villa.

Amanda Goh for Business Insider.

"We were doing around 600 people per lunch per day back then," she said. No matter how challenging things get in Samui, she says it's hard to find guests with higher expectations than those in France.

It's easy to see Cabessa's dedication in action: She pauses to greet each staff member by name β€” and in Thai β€” and never misses a chance to speak with passing guests, even as she's showing me around.

Most of her guests come from Europe, Australia, or around Asia, including Singapore and Hong Kong. In recent months, she's also seen more American tourists.

A bath tub and shower in one of the hotel rooms.
Guests can enjoy complimentary activities daily in the hotel, like Pilates, yoga, and Muay Thai classes.

Amanda Goh for Business Insider.

An Australian couple in their 40s told me it was their first time in Samui, and they chose to stay here because the place seemed tranquil and the beach was, in their words, "right there."

All room types at the hotel include breakfast. Guests can also enjoy complimentary activities daily, like Pilates, yoga, and Muay Thai classes. Padel and kayaking are also available.

The idea is to create a place where guests can happily spend their entire stay without needing to step outside, Cabessa said.

Adapting to life on Samui

The pool at Cielo Samui, a boutique hotel in Koh Samui, Thailand, leads right to the beach and the sea.
The pool area leads right to the beach and the sea.

Amanda Goh for Business Insider.

Cabessa says adapting to life on the island was a breeze.

Her kids, now 11 and 5, go to an international school. Her mother, who is retired, even moved to Samui from Lyon three years ago. She now lives just down the street from Cabessa.

"This is a safe country. You can let your kids play in a mall or on the beach, and you are not worried about that," Cabessa said. "I also love the culture of showing respect for your elders."

Working in hospitality, she also appreciates the friendliness of the Thai people.

"People are always smiling, and this is such a relief. Because if you live in Paris and you take the subway, nobody's smiling," she said.

The island has changed significantly since the first time she visited.

It's much easier to find international products or fresh produce now. And if something isn't available locally, she can order it from Bangkok, and it'll arrive within 24 hours.

Cabessa says she'll "never, ever" move back to France. And even if she doesn't live in Samui, Thailand will always be home.

"I'll never quit this country," she said.

Do you have a story to share about moving to a new country to run a hotel or resort business? Contact this reporter at [email protected].

Read the original article on Business Insider

Sofia Vergara said dating someone with less money than her would be a 'nightmare.' We asked 3 therapists what they think.

23 May 2025 at 00:14
SofΓ­a Vergara
SofΓ­a Vergara says dating someone with less money than her would be a "nightmare."

NBC/Todd Owyoung/NBC via Getty Images

  • SofΓ­a Vergara, 52, knows what she wants in a partner.
  • The "Griselda" star says dating someone with less money than her would be "a nightmare."
  • Income disparity can impact romantic relationships, especially around power dynamics.

SofΓ­a Vergara has a list of what she wants in a partner.

During an appearance on the May 14 episode of the "Today" show, the "Modern Family" actor reflected on her dating life and got candid about some of the traits she hopes her future partner will have.

"I want to say the basic stuff, like health and somebody that loves me," Vergara told hosts Jenna Bush Hager and Erin Andrews. "And somebody tall, handsome."

"I want somebody that has as much money as me or more, because if not, it's a nightmare. They end up resenting you. And I want somebody fun. I need fun in my life," Vergara added.

Vergara has been married twice. In July 2023, after seven years of marriage, Vergara and the actor Joe Manganiello announced they were divorcing. She was previously married to Joe Gonzalez.

A representative for Vergara did not respond to a request for comment sent by Business Insider.

How wealth can affect romantic relationships

Two therapists and one wealth psychologist told BI they've heard similar sentiments echoed by many of their affluent clients.

Income disparity can impact romantic relationships, particularly around power dynamics.

Lami Ronit, a wealth psychologist who runs her own practice from both California and London, told BI she has noticed a difference in how men and women handle being the higher earners in a relationship.

"Women who are the higher earners often face a double standard; they're expected to succeed, but not so much that it threatens traditional gender roles. Men, on the other hand, are typically socialized to feel more comfortable being the financial provider," Ronit said.

When those roles are reversed, both partners can struggle, since the woman may feel she has to downplay her success while the man may wrestle with pride or feelings of inadequacy, she said.

The challenge persists even in some progressive circles where gender norms have been disrupted, Matt Lundquist, the founder and clinical director of Tribeca Therapy, a New York-based psychotherapy center, told BI.

"While it might seem that wealth invites ease β€” and in many ways it can and should β€” it also becomes a space where individuals' histories with money and gender expectations play out," he said.

For instance, it could be an issue when one person sees their contributions to the relationship as being more valuable than the other because of the amount of money they possess or earn, Dana McNeil, a relationship therapist and the founder of The Relationship Place, a San Diego-based practice, told BI.

"Many wealthy partners may perceive they are entitled to exert more control and say in the relationship about how money is spent," she said.

This can sometimes cause the less wealthy partner or the one more financially dependent to resent having to rely on their partner's permission to make purchases.

"This feeling of dependence can create a parent/child dynamic that feels like a loss of freedom and autonomy," McNeil said.

How couples can navigate financial disparity

While there is no one-size-fits-all approach, fairness and clarity are key, Ronit said.

"When appropriate, I often recommend that couples talk about proportional contributions rather than equal ones. For example, each person could contribute a percentage of their income toward shared expenses," she said.

The goal is to avoid feelings of imbalance or resentment, Ronit added.

When it comes to splitting bills, McNeil says she often suggests her clients have three checking accounts: a personal one for each partner and a joint account for bills and common expenses like going out to dinner or buying groceries.

To make expectations clear, it's important for couples to talk about money "sooner rather than later," Lundquist said.

"At some point, all couples need to confront the reality that a significant part of the partnership is economic and address both the material and symbolic aspects of this," he said.

It's also important for each partner to determine what they want and understand the trade-offs that may accompany that.

"And on this count, I'll give SofΓ­a Vergara great credit β€” she clearly knows what she wants," Lundquist added.

Read the original article on Business Insider

❌