Execs begin exodus from biz council
PRESIDENT TRUMP’S American Manufacturing Council is facing an exodus of executives at odds with the racially charged violence in Charlottesville.
Three businessmen — from Merck, Under Armour and Intel — stepped down from the council Monday, citing the negative impact the country’s political upheaval would have on manufacturing.
Kenneth Frazier, head of pharmaceutical giant Merck and one of America’s most high-profile African-American execs, said he wanted to “take a stand against intolerance and extremism.”
He announced his decision Monday morning.
“America’s leaders must honor our fundamental values by clearly rejecting expressions of hatred, bigotry and group supremacy,” he said.
Frazier (top) didn’t directly name the President or his initial lackluster response to Saturday’s violence — but Trump appeared to take it personally.
“Now that Ken Frazier of Merck Pharma has resigned from President’s Manufacturing Council, he will have more time to LOWER RIPOFF DRUG PRICES!” Trump tweeted less than an hour after Frazier’s announcement.
By the end of the day, Under Armour CEO Kevin Plank, who once called Trump a “real asset” to American business, had also left.
“We remain resolute in our potential and ability to improve American manufacturing. However, Under Armour engages in innovation and sports, not politics,” he said.
The NAACP applauded Plank (center) as “taking a stand” against the Trump administration.
Next to head for the hills was Intel CEO Brian Krzanich.
“I resigned because I want to make progress, while many in Washington seem more concerned with attacking anyone who disagrees with them,” Krzanich (bottom) said in statement to Axios.