Trump lashes out after drugs giant chief executive resigns from advisory council

THURSDAY FEB. 23 2017 FILE

THURSDAY FEB. 23 2017 FILE

In February, he stood next to the president in the White House to announce a $7 billion investment in a new USA factory. Who put his ego and desire for access to power aside (Why yes, I just was telling the president ...) in favor of a civic-minded statement that recognized business leaders have a role to play as well during this critical, tumultuous time in our history?

Trump said on Twitter that he has other CEOs ready to step in and that "grandstanders" should not have joined the manufacturing council in the first place.

He follows the chiefs of Merck and Under Armour, who announced their decisions earlier Monday amid the fallout over Trump's response to violence over the weekend at a white nationalist rally in Charlottesville, Virginia.

Trump quickly took to Twitter to blast Frazier, the first to make his exit Monday.

"President Trump's remarks today repudiate his forced remarks yesterday about the KKK and neo-Nazis". 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. Travis Kalanick, former CEO of Uber, stepped down in February to protest Trump's travel ban.

Tesla chief executive Elon Musk and Walt Disney chief executive Robert Iger quit the Trump administration's strategic and policy forum in June after the President announced the USA would withdraw from the Paris climate accord.

Intel CEO Brian Krzanich has become the third company chief in recent days to depart from United States President Donald Trump's American Manufacturing Council. Climate change is real.

"America's leaders must honor our fundamental views by clearly rejecting expressions of hatred, bigotry and group supremacy, which run counter to the American ideal that all people are created equal", Frazier said in a statement announcing his resignation. While his previous criticisms of companies or their executives have exacted retribution in the stock market, Merck's stock never faltered Monday - closing about half a percentage point higher for a second straight day of gains. One, Hewlett Packard Enterprise's Meg Whitman, said in a tweet, "I'm thankful we have business leaders such as Ken to remind America of its better angels".

Thulin, who didn't address Trump by name in the statement, said St. Paul, Minnesota-based 3M, widely known for office supplies such as Post-it notes, "will continue to champion an environment that supports sustainability, diversity and inclusion".

"This has really hit a nerve - attacking this great CEO", Sonnenfeld said.

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