President Trump disbands business advisory councils

WASHINGTON- President Donald Trump Tweeted Wednesday that he is disbanding the corporate advisory councils he had setup to promote job growth.

Trump’s announcement follows a recent wave of CEO resignations triggered by disappointment over the President’s suggestions that anti-racist protestors and the white nationalists they confronted last weekend in Charlottesville, Va. were equally to blame for the violence that rocked the town.

Merck CEO Kenneth Frazier, who is African-American, was the first corporate leader to leave. Frazier resigned early Monday and was joined by three other CEO’s later that day, including Under Armour CEO and Trump supporter Kevin Plank.

Trump on Monday Tweeted distain for business leaders who left the councils.

Since Monday four other CEO’s have tenured their resignations and more were expected to resign, according to media reports.

The CEO’s who had sat on the Strategy & Policy Forum council in a joint statement Wednesday suggested that they were party to the decision to disband the forum.

“As our members have expressed individually over the past several days, intolerance, racism and violence have absolutely no place in this country and are an affront to core American values… We believe 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. As such, the President and we are disbanding the Forum,” the statement said.

The article is republished with permission from Talk Media News