Economy

More CEOs Quit Trump's Council Over Charlottesville

More CEOs Quit Trump's Council Over Charlottesville

U.S. President Donald Trump said Wednesday that he was disbaning both the Manufacturing Council and Strategy and Policy Forum, as business leaders resigned from the council over his remarks on Charlottesville violence.

The CEOs of Merck, Intel and Under Armour resigned their positions on the White House American Manufacturing Council this week.

Just minutes before, Trump used the microblogging site to proclaim: "For every CEO that drops out of the Manufacturing Council, I have many to take their place".

Trump tweeted. Frazier isn't the first CEO to leave a presidential advisory role to protest the 45 President of the United States.

Merck CEO Ken Frazier quit President Trump's manufacturing business council on Monday, citing disatisfaction with Trump's lackluster response to violence that erupted after a neo-Nazi rally in Charlottesville over the weekend.

Following Frazier's resignation, Trump tweeted that he will "have more time to LOWER RIPOFF DRUG PRICES!"

Johnson & Johnson (JNJ) Shares Bought by Bedrijfstakpensioenfonds Voor DE Media PNO
The company reported $1.83 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.79 by $0.04. Shares of Johnson & Johnson ( NYSE JNJ ) traded down 0.31% during midday trading on Friday, reaching $132.63.

Several executives from top US companies have previously stepped down from a number of presidential advisory councils in protest to Trump policies.

After intense pressure from the public, two full days later, Trump read a prepared statement which condemned the KKK, neo-Nazis, and white supremacists. "JOBS!" Trump tweeted, moments before Paul announced his decision.

Kenneth Frazier, the head of one of the world's biggest drug companies Merck & Co, quit the panel saying he was taking a stand against intolerance and extremism, and the chief executive of sportswear company UnderArmour and Intel Corp soon followed.

PRESIDENT DONALD TRUMP: We will rebuild our country with American workers, American iron, American aluminum, American steel.

FOX 7'S Rebecca Thomas and Mike Warren talked to "Travis County Democratic Party" chairman, Vincent Harding about how the African-American community felt about the president's handling of a very critical situation.

A spokesperson referred queries related to the American Manufacturing Council back to the White House. Economist and former deputy chief of staff at AFL-CIO Thea Lee also resigned from the council Tuesday.

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Ngannou took to Twitter upon learning of the withdrawal of dos Santos, but apparently spoke to dos Santos and cleared the air. As usual, USADA will handle the results management and appropriate adjudication of the dos Santos case.

For Trump - the grandest grandstander of all time - to accuse anyone else of grandstanding is rich.

What part of good business does the "great deal maker" Donald see in flirting with Klan and the alt-right while calling out American business leaders?

But the parade of departing leaders from the informal panel seems closely linked to how the president responded to events that led to the death of a counter-protester that opposed the white supremacists.

"International Paper strongly condemns the violence that took place in Charlottesville over the weekend - there is no place for hatred, bigotry and racism in our society", a company spokesman said in a statement.

Tesla CEO Elon Musk resigned from the manufacturing council in June, and two other advisory groups to the president, after the US withdrawal from the Paris climate agreement. The group, which Trump established in January with about two dozen members, is supposed to meet occasionally to offer the President advice on job growth.

Molson Coors Brewing Company Chief Executive Officer Gavin Hattersley Sold 17215 Stock
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