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Trump Ends Business Councils After Numerous CEOs Leave

Trump Ends Business Councils After Numerous CEOs Leave

CEOs left due to Trump’s responses to Charlottesville.

https://twitter.com/ABC/status/897555267587461121

President Donald Trump has decided to dissolve his Manufacturing Council and the Strategy & Policy Forum after numerous CEOs left both due to the president’s responses of Charlottesville.

https://twitter.com/realDonaldTrump/status/897869174323728385

The strategy and policy forum had already decided to disband after a Wednesday phone call. Blackstone Group LP’s Stephen Schwarzman, who headed the strategy forum, wanted to inform Trump about disbanding the council before making a public announcement. From Bloomberg:

In a statement from the strategy and policy forum, the group said it was breaking up amid the controversy. “The debate over forum participation has become a distraction from our well-intentioned and sincere desire to aid vital policy discussions on how to improve the lives of everyday Americans.”

Schwarzman hosted a conference call late Wednesday morning in which he gauged how many members were ready to leave and who was willing to stay, according a person with knowledge of the conversation. The majority indicated they would leave the group, so a decision was reached to disband, said the person, who asked not to be identified discussing private deliberations.

CEOs started to leave the councils after Trump fumbled numerous responses to the white supremacist marches in Charlottesville, VA. From Business Insider:

The move comes two days after the departure of Merck CEO Kenneth Frazier from Trump’s manufacturing council, another one of the White House’s meetings of business leaders, which set off a wave of departures from that group. Frazier and other business leaders cited Trump’s muddled response to the violence in Charlottesville, Virginia as the impetus for the exits.

The Strategic and Policy Forum features a diverse group of leaders including JPMorgan CEO Jamie Dimon, BlackRock CEO Larry Fink, General Motors CEO Mary Barra, and Walmart CEO Doug McMillon. Steve Schwarzman, CEO of private equity giant Blackstone, is the leader of the council.

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Comments

“CEOs started to leave the councils after Trump fumbled numerous responses to the white supremacist marches in Charlottesville, VA.”

I guess “fumbled” is a new, terse synonym for “conveyed accurate details”.

I would not be surprised if most of these jelly spined CEO’s are reacting to a leftist pressure campaign. It is so easy to stand in principle when its costs you nothing.

Standing up to fascist left group think and narrative shaping as Trump is doing takes real courage.

    TX-rifraph in reply to dystopia. | August 16, 2017 at 2:59 pm

    I agree. The left has a victory when these self-identified crony-capitalists surrender without a shot being fired. We are better off with their departure.

    practicalconservative in reply to dystopia. | August 16, 2017 at 3:33 pm

    This is a fight for the heart and soul of this Nation. The plan is to destroy the nation by destroying the foundation on which it is built. Washington, Franklin and Jefferson are the next targets. They pick the easy targets first. Bully and demand adherence to group think. Next move on to the ultimate targets.

    The live coverage of Saturday’s events indicates that the leftists had shaped the narrative before the events began. If not this event, they would have would have chosen some other event.

    President Trump would have been criticized no matter what he said. At least he is willing to attack into the belly of the ambush.

    Old Patzer in reply to dystopia. | August 16, 2017 at 3:45 pm

    Corporate America at large is not much different from Google in its embrace of leftism.

Well, if virtue signalling is more important to them than having the President’s ear, more power to them.

    I wonder how many of these CEOs will try to call POTUS to give him some advice or ask for a policy/tax change in their favor?

    How many “loopholes” are favorable to specific companies and could be change in the upcoming tax reform, if that ever happens. Instapundit is always commenting on closing the Hollywood tax loopholes.

    I hope that President Trump will continue to work on the economy, in spite of them.

      objection in reply to Liz. | August 16, 2017 at 3:36 pm

      The Democrat Party is the party of big (enterprise level) business. Welcome to crony capitalism.

      YellowSnake in reply to Liz. | August 17, 2017 at 1:17 pm

      You really think that Trump is going to do any work on ‘tax reform’? Ryan will run that. Trump will care about provisions that affect his bottom line – nothing else.

      Do you think Trump should have anything to do with ‘tax reform’ without releasing his tax returns?

      BTW, the biggest loopholes are in real estate. Did Instapundit tell you anything about those?

Who said he fumbled?
How ignorant are the CEOs, to leave a seat at the table of the PotUSA? My goodness.

Principles before principals.

The left has a problem with [class] diversity that denies individual dignity and selective-child that denies human rights… and evolution of human life. They adhere to a Pro-Choice quasi-religious/moral, legal, and ethical philosophy informed by emanations from the twilight fringe.

Fumbled what how? The caved to the demands of the left. That simple..

Anyway, the Antifa movement is the contemporary armed wing of the DNC as the KKK before it. Left vs Left. Hopefully, the Left will lose.

Fumbled what how? They caved to the demands of the left. That simple..

The problem is the Republicans won’t back Trump. They are the biggest bunch of cowards.

The Friendly Grizzly | August 16, 2017 at 3:45 pm

How many of these self-righteous harrumphers head up multi-national companies who have no loyalty to anything or anyone, much less to a nation?

What weak minded Globalists

We are all that Trump has, and it’s got to be enough
It’s us and Trump against the freaken world.

We have to win this

Trump is earning my respect more and more with each passing day.

Now fix health care damn it!

Connivin Caniff | August 16, 2017 at 4:14 pm

Fear not! This is good. We are learning who our true friends are, and what creatures are the slithering swamp chameleons. Off with their heads, Donald! And tell Sessions to get cracking, he has an incredibly rich target environment to hunt in. If Sessions can’t handle it, find some psychopathic lawyer who loves to skewer D’Rats.

San jose Mwercury ran an article this AM about planned marches against Google. It was described in terms “reminiscent of the KKK” and planned by far right extremists targeting the Bay Area since it is a “haven for political correctness.

If only politically correct speech were allowed, then there would not be any need for the 1st Amendment. The 1st Amendment was specifically designed to protect unpopular speech. “No matter how pernicious an idea may be, it is not worthy of suppression.” Collin v.
Village of Skokie.

    YellowSnake in reply to MadisonS. | August 17, 2017 at 1:27 pm

    That was the government. Google is a company and Damore should have done his job and left policy to the Dept of Human Resources. Companies are feudal.

Somewhere this weekend, I saw a graphic where the person took the bell shaped curve of political ideas and changed it into a circle. This made sense since the 3StdDevs area of the left is AntiFa and the 3StdDev area of the “right” has the Neo-Nazis. When you compare what these groups actually believe in, they are not different.

They are fighting themselves. But, I wonder where we will end up.

Pelosi Schmelosi | August 16, 2017 at 4:36 pm

Was reading recently that the re-negotiation of NAFTA was to begin (this week IIRC).
I suspect that’s why many of these “captains of industry” decided to bolt.
Charlottesville was just an excuse.

They’ve made $ billions this year in the stock market due to the Trump Effect and then they stab him in the back.

Trump didn’t fumble anything except the idea that these selfish 1%ers and the media would ever be fair!

I hope he’s learning…and I hope he will be teaching each one of those companys a lesson!

They see Trump pressing the agenda that benefits all Americans, not just the big company crony capitalists.

Mid size and small company business is booming*, the big companies don’t like the competition. They want a government that protects their interests to the detriment of the nation.

*Every customer I have is up 20-30% since the election, going from marginal to exceptional.

All of these CEOs represent large corporations which have extensive operations outside the US. They all joined these councils in the hope of preferential treatment from the current administration or to be in a position to influence the administration with regard to trade, taxation, etc. The current direction of the Administration’s economic policies will benefit small and medium businesses located solely within the US whose major customer base is domestic. So, their “council” is not really accomplishing what they want. They are also fearful of being targeted by the Liberal Progressive storm troopers, to a greater degree that they have been in the last few years.

Thank goodness, one more reason NOT to shop at Walmart, as if I needed one. These are pathetic CEOs.

facebookisfacist | August 16, 2017 at 10:18 pm

What I don’t get, is don’t these CEO’s realize that at least 1/2 of their customers voted for Trump, and that we are paying attention and making purchase choices accordingly?

Also don’t they realize that Trump as President has enormous ability to screw with their business one way or the other, and that the those that they are trying to impress have no power at pretty much any level of Gov’t. A fact that is going to continue for a good while.

Talk about cutting your nose off in spite of yourself. Their shareholders will eventually take notice also.

    They are CEO’s, mostly with MBA’s. They are not the sharpest tools in the chest.

    They live for short term results, mostly. The conservatives do not go after them publicly like the progs do. Mostly, they are pussies, afraid of any prog condemnation.

    YellowSnake in reply to facebookisfacist. | August 17, 2017 at 1:03 pm

    Do the Koch brothers worry that more than half their customers voted for Obama & Clinton?

    So you think the president (any president) should screw with any business or person because of a political disagreement? Policy by petty feud.

    They still have plenty of power. They lobby the departments and agencies. Talking to Trump is a waste of time. He changes his mind constantly. He made 3 separate statements on Charlottesville.

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