Trump says CEOs who quit his council are 'grandstanders'

Trump says CEOs who quit his council are 'grandstanders'

Trump says CEOs who quit his council are 'grandstanders'

By then nearly two days had passed since the president's first remarks on Charlottesville - and some of the nation's most prominent business leaders had filled the gap with denunciations of racism. Trump ends councils with a Tweet.

"Trump can immediately denounce Merck CEO who resigns WH Council but not white supremacists who spew hate & spread terror".

So who has left the council and what were their reasons for doing so?

Less than an hour earlier, Inge Thulin, the chief executive of 3M, quit Trump's manufacturing council. He said on Twitter it was "the right thing for me to do".

In his comments at a heated news conference in NY on Tuesday, Trump said "there is blame on both sides" of the violence in Charlottesville, and that there were "very fine people" on both sides.

"I can not sit on a council for a President that tolerates bigotry and domestic terrorism", said Richard Trumka, president of the AFL-CIO.

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Intel CEO Brian Krzanich with President Donald Trump at the White House in February.

Mr Musk has also left the manufacturing council.

"They are all afraid, individually, to stand out", he said. The manufacturing group, spearheaded by Dow Chemical CEO Andrew Liveris, hasn't met in five months.

"You had a group on one side that was bad and you had a group on the other side that was also very violent", Trump said at one point.

Other leaders, including Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan, made forceful anti-racism statements - but steered clear of mentioning Trump and his comments. Plank's company had faced a backlash earlier this year over his support of Trump.

Merck & Co Inc Chief Executive Kenneth Frazier resigned from U.S. President Donald Trump's American Manufacturing Council on Monday, saying he was taking a stand against intolerance and extremism.

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Frazier was not the first executive to resign from advisory councils serving Trump. He lashed out nearly immediately at Frazier, saying on Twitter that he will now "have more time to LOWER RIPOFF DRUG PRICES!"

He continued: "But it's the symbolism of being associated with it that we rejected yesterday". Elon Musk, CEO of SpaceX and Tesla, and Bob Iger, CEO of Disney, both announced their exits from Trump's Advisory Councils following that decision in June.

"When we disagree, we don't walk away". Some directly appealed to corporate and CEO Twitter accounts, asking them to leave, or they shared the hashtag #QuittheCouncil, a campaign by the online civil rights organization Color for Change. Its president, Richard Trumka, made similar comments online Sunday. Color of Change and other groups want Dimon and Schwarzman to withdraw from the economic council and plan to deliver petitions to the offices of both.

The council was formed back in January, when Trump launched the Manufacturing Jobs Initiative as part of his effort to create American jobs.

Whirlpool will stay on the council.

The market's shoulder shrug at Frazier's actions and Trump's responses to them may be a sign that investors are starting to ignore the president's policy threats.

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Immelt and John Flannery, who took over as CEO Aug. 1, received "valuable input" from leaders inside and outside the company, including representatives of GE's affinity groups, according to a note Flannery sent Wednesday to employees. He has called on all CEOs to quit the advisory boards. Trump said. "Do they have any semblance of guilt?" "I followed our conscience".

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