Trump disbands advisory panels after corporate chiefs flee
NEW YORK — With corporate chieftains fleeing, President Donald Trump abruptly abolished two of his White House business councils Wednesday — the latest fallout from his combative comments on racially charged violence in Charlottesville, Virginia.
Trump announced the action via tweet, although only after one of the panels had already agreed to disband earlier in the day.
A growing number of business leaders on the councils had openly criticized his remarks laying blame for the violence at a white supremacists rally on “both sides.”
“Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all!” Trump tweeted from New York.
The president told associates he was pleased with how his press conference went, saying he believed he had effectively stood up to the media, according to three people familiar with the conversations but not authorized to speak publicly about them. Business leaders felt differently. Denise Morrison, chief executive of Campbell Soup, declared she was leaving Trump’s manufacturing council, saying, “The president should have been — and still needs to be — unambiguous”
in denouncing white supremacists.
CEOs had begun tendering their resignations from White House panels after Trump’s initial comments following the Saturday violence. The first to step down, Kenneth Frazier of Merck, drew a Twitter tonguelashing from the president.
Later, Trump called those who were leaving “grandstanders” and insisted many others
were eager to take their places.
On Wednesday, he appeared to be preempting the CEOs own decision to disband.
Members of the Strategy and Policy group, led by Blackstone CEO Stephen Schwarzman, concluded after a 45-minute conference call in the morning that they would end the council and announce their decision in a statement, according to two people familiar with the discussions. They insisted on anonymity to discuss private conversations.
In a subsequent call
with Trump, the president agreed it was the right course of action. He tweeted before they could announce the decision they’d reached — making it appear it was his choice.
Publicly criticizing the president and resigning from his councils is a significant step for bigname corporate leaders. Though the policy influence of such advisory groups is sometimes questionable, simply meeting with Trump with TV cameras going is valuable face-time for the executives — and for the president.