Breaking: Trump Dissolves Two Business Councils After Top CEO’s Quit

Falling Apart: CEOs of Campbell Soup and 3M Latest to Quit Trump’s Council, Separate Trump CEO Council About to Disband

President Donald Trump has just disbanded two of his CEO business advisory councils, after seven members quit one and talk was growing a separate council was discussing dissolving itself. True to form, he did it in a tweet:

Seven top CEO’s had quit President Donald Trump’s Manufacturing Council in response to his disastrous handling of the white supremacist violence and murder in Charlottesville over the weekend. Wednesday afternoon the CEO’s of 3M and Campbell Soup announced their resignations from Trump’s group of top business leaders.

“President Trump’s main council of top corporate leaders appeared on the verge of disbanding on Wednesday,” The New York Times had reported, minutes before Trump disbanded it. “Stephen A. Schwarzman, the chief executive of the Blackstone Group and one of Mr. Trump’s closest confidants in the business community, organized a conference call for members of the president’s Strategic and Policy Forum.”

On the call, the chief executives of some of the largest companies in the country were debating how to proceed.

One option under serious consideration was disbanding the forum altogether.

If the forum does survive, several C.E.O.s were expected to resign from it.

The CEO and chairman of the board of 3M, a 115-year old $30 billion international conglomerate that makes tens of thousands of products, said he had joined Trump’s manufacturing council with the intention of advocating “for policies that align with our values and encourage even stronger investment and job growth — in order to make the United States stronger, healthier and more prosperous for all people.”

“After careful consideration,” Inge Thulin said, according to Variety, “I believe the initiative is no longer an effective vehicle for 3M to advance these goals.”

Campbell Soup CEO Denise Morrison in a statement said, “Following yesterday’s remarks from the President, I cannot remain on the Manufacturing Jobs Initiative.”

The heads of Under Armour, Merck, Intel, the Alliance for American Manufacturing, two top AFL-CIO officials, and the head of 3M and Campbell Soup, all voluntarily left Trump’s manufacturing council before he dissolved it. 

Here’s video of Trump speaking with his Strategic and Policy CEO council in April:

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