US CEOs can afford principled stand against Trump

Alain Brian
Août 17, 2017

Trump said that he had been "lecturing" business leaders about returning manufacturing to the U.S.

It was not until Monday that Mr Trump declared "the KKK, neo-Nazis, white supremacists and other hate groups" as repugnant.

Thea Lee, an economist and former deputy chief of staff at the AFL-CIO, also resigned from the council.

Aug. 15: The next morning, the Alliance for American Manufacturing's Scott Paul resigned from the manufacturing group "because it's the right thing for me to do."On Aug. 16, he tweeted a quote from Holocaust survivor Elie Wiesel:"We must always take sides".

The union leader says: "We can not sit on a council for a president who tolerates bigotry and domestic terrorism". The groups are supposed to meet occasionally to offer the president advice on job growth.

President Trump lashed out Tuesday at the CEOs dropping out of his manufacturing council, accusing them of grandstanding and saying they're replaceable.

In remarks Tuesday in New York City, Trump seemed to defend some people marching with white supremacists in Charlottesville, Virginia.

Merck & Co. CEO Ken Frazier has resigned from President Donald Trump's manufacturing council, issuing an indirect criticism of the president for not taking a stronger stand about the actions of white supremacists in which an opposing protester was killed over the weekend.

Frazier's decision was followed hours later by other CEOs on the council, including Intel and Under Armour.

Shortly after Frazier's resignation, Trump made a statement calling out specific hate groups.

While Trump's tweets can often lead to chaos on Wall Street, there was no sign Monday that Merck's stock prices were in trouble. One woman died and at least 19 people were injured after a driver with ties to white supremacists rammed his auto into counterprotesters.

Kevin Plank, shot exclusively for Footwear News.

Without mentioning Charlottesville or the president's response he concluded: "I love our country and our company and will continue to focus my efforts on inspiring every person that they can do anything through the power of sport which promotes unity, diversity and inclusion".

Intel CEO Brian Krzanich is the latest executive to withdraw from the President's economic advisory board.

Rev. Jesse Jackson, who has been urging tech companies to diversify, said in a statement that other CEOs must stand up, speak out and take principled and courageous action.

Plank is one of three executives to step down from the council so far. "I want manufacturing to be back into the United States so that American workers can benefit".

The heads of companies including Johnson & Johnson, Whirlpool, Lockheed Martin, General Electric, Campbell Soup Company, Boeing and Corning remain on the council.

They all released statements that condemned racism or welcomed tolerance.

"As North America's largest steel producer, Nucor has engaged with several administrations to work on policies that help strengthen the USA manufacturing sector and provide opportunities for American workers".

Dell: "While we wouldn't comment on any member's personal decision, there's no change in Dell engaging with the Trump administration and governments around the world to share our perspective on policy issues that affect our company, customers and employees".

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