August 17, 2017

8-17-2017 A bunch of CEOs severed ties with Trump’s business council Nuggets……(Vox)

  • One casualty of President Trump’s controversial comments on white supremacists? His manufacturing and business councils. [Vox / Alvin Chang]
  • Yesterday, Trump ended both his manufacturing council and his strategy and policy forum after a mass exodus by business leaders that came after the president’s statements equating neo-Nazis and white supremacists to counterprotesters in Charlottesville. [WSJ / Emily Glazer, Sarah Krouse, and Jonathan Rockoff]
  • The first CEO to leave was Merck chief executive Kenneth Frazier, who resigned on Monday. Trump immediately attacked Frazier on Twitter, which ultimately ended up being very good for Merck’s bottom line. [Vox / Sarah Kliff]
  • Trump tweeted that he was formally ending both councils after one made the decision to disband on its own this morning. [ABC News / Adam Kelsey]
  • Trump’s strong ties to business were supposed to be a selling point of his presidency. But this latest controversy just goes to show he’s ruining those relationships. [NYT / David Gelles, Landon Thomas Jr., and Kate Kelly]
  • And at least one business leader, Walmart CEO Doug McMillon, criticized Trump directly, saying his comments after Charlottesville were a missed opportunity to try to unite the country and instead created further divisions. [CNN Money / Julia Horowitz]

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