Trump disbands councils after business leaders flee

Intel CEO Brian Krzanich intel ceo resigns brian krzanich resigns trump business council ceos under trump business council donald trump

Intel CEO Brian Krzanich intel ceo resigns brian krzanich resigns trump business council ceos under trump business council donald trump

Alliance president Scott Paul, in a tweet, said simply, "I'm resigning from the Manufacturing Jobs Initiative because it's the right thing for me to do". Grandstanders should not have gone on.

Within hours, Under Armour CEO Kevin Plank, who has felt some blowback for his support of the president, resigned from the same panel, saying his company "engages in innovation and sports, not politics".

Plank said the Under Armour family is saddened by Charlottesville and that there's no place for racism or discrimination.

President Donald Trump on Tuesday told reporters that the CEOs who have resigned from the White House manufacturing council in the days since the president blamed "many sides" for violence in Charlottesville, Virginia, have done so "out of embarrassment" on the same day that a pair of executives announced their exits from the group.

Paluszek said the CEOs made overlapping personal and business calculations, weighing their own values, culture and experience against their company's history, brand and stakeholders, prompting Frazier, the sole African-American CEO on the panel, to "step forward with courage" to lead the charge.

The high-profile departures Monday leave behind dozens of executives still on Trump's council, including leaders for Dow Chemical, Dell and Ford.

In defiant response, Trump attacked Frazier for resigning on Twitter.

The shrinking support for Trump comes as many Republicans are questioning his policies amid spectacular failures on key legislative initiatives, mounting evidence of criminal misconduct with Russian Federation during the campaign and emerging threats of war in various parts of the globe. Executives from 3M and Campbell Soup Co. quit on Wednesday, and Trump announced the end of both councils shortly thereafter.

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Over 26,000 people have signed a petition by consumer watchdog group SumofUs, demanding CEOs on President Trump's business councils to resign from their posts advising the president.

Frazier was hailed as a hero in a Fortune commentary, "Ken Frazier: The Strongest Man in the World", for leaving the business council on the Monday following Trump's initial comments.

But Frazier, without criticizing Trump by name, was the first to choose to part ways Monday.

Another CEO says involvement on these councils should not hinge on the behavior of one person.

"I joined the American Manufacturing Council because I believed it was important for Under Armour to have an active seat at the table and represent our industry", the statement read.

"They had some tough choices to make, and some came down faster than others in terms of making those choices", said John Paluszek, a former senior counsel at the New York-based public relations firm Ketchum and founder of Business in Society, a website focused on corporate social responsibility. Elon Musk, founder of Tesla and SpaceX, left both of the aforementioned councils in June after the United States withdrew from the Paris Agreement regarding climate change.

Frazier rose to prominence at Merck when, as general counsel, he was the architect of the company's legal strategy to aggressively defend itself against lawsuits from people who suffered heart attacks and strokes while taking its Vioxx painkiller.

Having such high profile litigation experience, Frazier must have come across media stories that twisted the facts to make a point against a greedy drug company that promoted and sold a risky drug.

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