Finance

Furor over Charlottesville follows Trump to Manhattan

Furor over Charlottesville follows Trump to Manhattan

The CEOs of Intel, Merck and Under Armour have resigned from the President's Manufacturing Council created by Donald Trump, because of the non-committal way he responded to the racist attack in Charlottesville, Virginia.

In response to the string of resignations, Trump tweeted: "For every CEO that drops out of the Manufacturing Council, I have many to take their place. Grandstanders should not have gone on", Trump lamented yesterday on Twitter, before following this up several hours later with an announcement that the councils would be ended.

Merck chief Frazier's resignation from Trump's manufacturing council on Monday marked the first crack in the councils after the bloody weekend in Charlottesville.

Meanwhile, Under Armour's Kevin Plank talked about joining the council because it was important to have an active seat at the table, but added that "Under Armour engages in innovation and sports, not politics".

Three corporate CEOs resigned from U.S. President Donald Trump's American Manufacturing Council on Monday, following a weak response from the White House to violence at a rally of white supremacists, the Ku Klux Klan and neo-Nazi groups in Charlottesville, Virginia.

Executives who remain on the manufacturing council now include Andy Liveris from Dow Chemical, Michael Dell of Dell Technologies, Jeff Immelt of General Electric, Denise Morrison of Campbell's Soup Co., and Denis Muilenberg of Boeing.

"JOBS!" Trump tweeted, moments before Paul announced his decision.

Alliance for American Manufacturing President Scott Paul quit August 15, stating: "I'm resigning from the Manufacturing Jobs Initiative because it's the right thing for me to do". Coulter's #GrabYourWallet campaign encourages people to boycott companies who support Trump.

Why do white people want me to call them racist?
A day earlier, several people in North Carolina pulled down a Confederate statue. The president on Thursday also rapped Arizona Sen. He just can't forget his election trouncing.

He also dismissed all CEOs who've left the council and accused them of trying to win public favor by leaving.

"We should honor - not attack - those who have stood up for equality and other cherished American values", said Intel chief Brian Krzanich, while lamenting "the serious harm our divided political climate is causing to critical issues".

Tesla founder Elon Musk left the manufacturing council and another presidential advisory group in June, citing his disagreement with Trump's decision to withdraw the USA from the Paris climate accord.

Trumka, the AFL-CIO president, said the decision is ultimately up to the executives.

Trump was under increasing pressure to call out the white supremacist groups involved in the Charlottesville demonstration.

In June, Tesla Chief Elon Musk resigned from the council after Trump withdrew from the Paris Climate agreement.

With a keen focus on USA job creation, Trump wanted to include CEOs in a dialogue to determine the best way to grow the economy. Both their CEOs left earlier this year, and the companies have not told CNNMoney whether they kept representation on the panel. "JOBS!" Earlier, Trump tweeted an all-caps jab at Frazier about costly prescription drugs and another griping that Merck is a leader in high prices and in sending jobs overseas.

PepsiCo and Nooyi were pushed to leave the council by a German group, Campact, which posted a video calling for her to step down on Facebook. Merck has not however been among pharma companies singled out for price hikes, and has in fact been very transparent about its pricing strategy.