BREAKING: Trump dissolves council


In total, seven CEOs have quit the Manufacturing Council and the Strategy and Policy Forum groups: Merck & Co.; CEO Kenneth Frazier; Intel CEO Brian Krzanich; Under Armour’s Kevin Plank; Alliance for American Manufacturing president Scott Paul; AFL-CIO president Richard Trumka; 3M’s chairman of the board, president, and CEO Inge Thulin; and Campbell’s CEO Denise Morrison.

Rather than replace these spots, Trump is ending the advisory council groups altogether.

He made the following announcement via Twitter following the mass exodus of resignations: “Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all!”

Trump previously lost the support of three other business leaders from the Strategy and Policy Forum: Uber’s then-CEO Travis Kalanick quit following Trump’s travel ban, while Tesla’s Elon Musk and Disney’s Bob Iger left when Trump announced the U.S. withdrawal from the Paris climate agreement.

Despite the business leaders’ defiant exits, Boeing CEO Dennis Muilenburg, a member of the advisory council, had informed FOX Business that he would not be stepping down from the council.

Other CEOs had announced their condemnation of the events in Charlottesville but declared their commitment to remain on the council, including Steve Schwarzman, CEO of the private equity group Blackstone, and Jeff Immelt, chairman of General Electric.

Schwarzman, who is the leader of Trump’s Strategic and Policy Form, said, “As the president said today, I believe we need to find the path to heal the wounds left by this tragedy and address its underlying causes. Encouraging tolerance and understanding must be a core national imperative, and I will work to further that goal.”

If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).

To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.


Comment via Facebook

Send this to a friend