A White House advisory panel of top CEOs disbanded Wednesday after the backlash from President Donald Trump’s latest tirade left the panel little choice, according to one member.
n the face of corporate defections and the member’s disclosure, Trump announced plans to dissolve the group and the Manufacturing Jobs Initiative council.
The strategic forum, led by Blackstone CEO Steve Schwarzman and made up of top business leaders, is separate from Trump’s manufacturing council, which had seen seven defections this week.
Seven of the White House councils’ 37 members resigned this week, led by Merck CEO Kenneth Frazier’s exit on Monday from the manufacturing council. Frazier left after Trump’s waffling responses to the deadly right-wing violence in Charlottesville, Virginia over the weekend.
Following Wednesday’s decision by the advisory council to disband and condemn Trump’s statements, the president said he would end both the Strategic and Policy Forum and the manufacturing council.
Trump tweeted, “Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all!”
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