Trump Shuts Down Two Corporate Advisory Bodies After CEO Exodus

Trump Shuts Down Two Corporate Advisory Bodies After CEO Exodus

US President Donald Trump announced he is terminating the Manufacturing Council and the Strategy & Policy Forum after several CEOs resigned, citing Trump's comments about the violence in Charlottesville, Virginia at the weekend.

President Trump made the announcement on his Twitter account on Wednesday. The decision follows the resignation of 11 CEOs, including AFL-CIO president Richard Trumpka, Under Armour's Kevin Plank, and Intel’s Brian Krzanich.

The flurry of resignations began Monday after Merck CEO Kenneth Frazier announced he had quit the council, stating: "America's leaders must honor our fundamental values by clearly rejecting expressions of hatred, bigotry and group supremacy."

Trump fired back on social media an hour after Frazier's announcement, by tweeting that the Merck CEO "will have more time to LOWER RIPOFF DRUG PRICES!"

The CEO of Campbell Soup Co, Denise Morrison, was the latest member to leave on Wednesday, stating that “racism and murder are unequivocally reprehensible and are not morally equivalent to anything else that happened in Charlottesville.”

"I believe the president should have been – and still needs to be – unambiguous on that point," she added.

An hour earlier, Inge Thulin, the chief executive of 3M, announced he was quitting Trump's manufacturing council.

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