“Mass CEO Defection Led Trump to Dissolve Business Councils” -NBC News

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” At least one chief executive of a large consumer-facing company had deemed dropping out since Trump announced a ban on transgender service members in a tweet last month, according to sources close to the council. Those departures brought the total number of business, and labour leaders to quit the manufacturing body to seven since Trump’s initial response blaming “many sides”, for the violence over with the weekend. On Tuesday, AFL-CIO President Richard Trumka, and Alliance, for American Manufacturing head Scott Paul quit the panel, joining the chief executives of Merck, Intel and Under Armour, who left Monday in the wake of Trump’s initial remarks.

But Steve Schwarzman, the chief executive of the Blackstone Group, and chairman of the Strategic and Policy Forum, urged members to hang in there, sources said. “As our members have expressed individually over with the past many days, intolerance, racism, and violence have absolutely no place in this country and are an affront to core American values,” the group said in a statement. Wednesday’s departures began with Inge Thulin, the chairman, and chief executive of 3M, who said he was stepping away from the Manufacturing Council because he felt “the initiative is no longer an effective vehicle, for 3M to advance” its goals. by Adam Edelman, and Stephanie Ruhle President Donald Trump dissolved two of his economic advisory councils Wednesday at the end of a rash of CEOs resigned in the wake of his response to a white nationalist attack in Charlottesville, Virginia, that occurred Saturday.

The developments came as public pressure mounted on executives to disavow Trump at the end of he doubled down Tuesday on his initial response that counter-protesters demonstrating against white nationalism were equally to blame, for the violence at race-fueled riots in Charlottesville over with the weekend. A dozen members of that strategy, and policy council engaged in in a conference call Wednesday, during which they all showed up at an agreement to dissolve the group, the people close to the decision said….Read The Full Article Here

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