President Trump has disbanded his American Manufacturing Council after several CEOs departed in protest of his response to the deadly white supremacist rally in Charlottesville, Va. (Adweek)
“Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all!” Trump tweeted in a face-saving effort from his home at Trump Tower. He was to depart New York later Wednesday to return to his New Jersey golf club. (THR / AP)
The move came two days after executives began resigning from the dwindling American Manufacturing Council and hours after the billionaire financier who headed the separate Strategic and Policy Forum hosted a call with other members of that panel. The retreat continued on Wednesday with Inge Thulin, chief executive of the industrial conglomerate 3M, resigning after “careful consideration.” Denise Morrison, chief executive of the Campbell Soup Company, resigned soon after. (HuffPost)
The Wall Street Journal reported business leaders elected to disband the CEO councils before Trump’s tweet to protest Trump’s failure to sufficiently condemn racism. (WSJ)