Analysis-Trump plan for Musk-led efficiency commission could give CEO influence over rules for his work, wealth | U.S. & World [Video]

By Sheila Dang, Akash Sriram, Joey Roulette and Nora Eckert

(Reuters) – Billionaire Elon Musk will head a government efficiency commission with a vast remit if Donald Trump is elected U.S. president, potentially putting him in position to change the rules for corporate America, including the wide swath of industries in which his companies compete.

Trump on Thursday announced the plan, including Musk’s role, and said he wanted to see recommendations for “drastic reforms,” starting with hunting down fraud and improper payments, that would target “the entire federal government.” The commission would put Musk, who leads rocket company SpaceX, electric carmaker Tesla, technology companies X and xAI and several others, a chance to plan the slimmer government Republicans often advocate, but could see him making rules that directly affect his own work and wealth.

Musk repeatedly suggested creating a government efficiency commission in a public conversation with Trump on social …