“Heads of Merck, Under Armour, Intel quit the President’s council, the latest execs to take a stand against him” -CNN

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” Related: Trump lashes out at black CEO who quits council Then, on Monday afternoon, Trump specifically called out the KK, and neo-Nazis. Start your day right with the latest news driving global markets, from major stock movers, and key economic headlines to important events on the calendar. “We ought to honor — not attack — those who’ve stood up, for equality, and other cherished American values,” said Intel chief Brian Krzanich, while lamenting “the serious harm our divided political climate is causing to critical issues.” Just 1% gave him an “A.” Racism has no place in our businesses, our communities, or our country,” the statement said.

Related: CEOs condemn racism at the end of Charlottesville Sonnenfeld predicted more corporate leaders “across sectors, and across party” will come out against Trump. .
$(‘.currentYear’).text(new Date().getFullYear()) In June, Tesla (TSLA) CEO Elon Musk, and Disney’s (DIS) Bob Iger quit Trump’s business council in protest against of his decision to withdraw the United States from the Paris climate accord. Frazier, one of the country’s almost all prominent black business leaders, quit Trump’s manufacturing council to “take a stand against intolerance, and extremism.” . Related: CEOs outraged at the end of Charlottesville -, and three quit Trump council “This has really hit a nerve — attacking this great CEO,” Sonnenfeld said.

Sonnenfeld said he received emails from more than a dozen leading CEOs on Monday reacting to Frazier’s statement –, and especially Trump’s broadside. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Jeffrey Sonnenfeld, a Yale School of Management professor who leads the university’s annual CEO summit, said business leaders are stepping up as trust in public officials declines. “America’s leaders will have to honor our basic fundamental values by clearly rejecting expressions of hatred, bigotry, and group supremacy,” Frazier said in his statement on Monday. Morningstar:
© Morningstar, Inc. Related: Under Armour CEO quits Trump’s manufacturing council On immigration, racism, and climate change, CEOs have sought to provide the moral leadership they perceive to be lacking from the White House….Read The Full Article Here

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