Trump and the CEOs

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Trump, a real estate magnate who had never before held public office, was elected President in November touting his experience in the business world and ability to strike deals.

Krzanich resigned from President Trump's Manufacturing Council late Monday evening, hours after Trump finally acknowledged the horror that followed a white supremacist's decision to use his auto as a weapon against protestors of the modern white supremacist movement.

When President Donald Trump was a reality-television star on The Apprentice, his signature phrase was "You're fired!"

The Strategic and Policy Forum was meant to advise Trump on how government policy impacts economic growth, job creation and productivity. "We have disbanded", she wrote as part of a message to her employees.

This is not the first time that members of some of the biggest industries have stepped down from the advisory council of the company as Uber's Travis Kalanick, and Tesla's co-founder Elon Musk both stepped down following Trump's immigration policy in protest of some of the president's policy.

Before the president's decision to dissolve the two councils, executives from his manufacturing council were expected to have a similar call Wednesday afternoon. Plank did not specifically mention Trump or Charlottesville, but said his company will focus on promoting "unity, diversity and inclusion" through sports.

"Racism and murder are unequivocally reprehensible and are not morally equivalent to anything else that happened in Charlottesville", Morrison said. It appeared to be an effort by Trump to get ahead of the business leaders who were abandoning him following his remarks the day before at a New York City press conference.

Mr Trumka and the chief executives of Under Armour, Merck, Intel, Johnson & Johnson and 3M quit following Mr Trump's Charlottesville remarks where he blamed "many sides" for the violence.

Kevin Madden, a Republican strategist who was a senior adviser to Mitt Romney in the 2012 presidential campaign, said all is not lost for Trump and his relations with corporate America. Trump showed a fondness for loudly calling out companies on Twitter, but most absorbed the punches and promised to hire more people in the USA while touting plans to build more factories and other facilities. "It's done", said a source who was a member of the panel. "The president will need the business community but the business community would rather stay out of the White House".

McConnell's statement did not mention Trump by name.

"It's certainly a sign that Trump's more controversial stuff isn't playing well with companies selling to middle America", said Goolsbee, now a professor at the University of Chicago.

The public spat between Trump and CEOs comes as the White House and the Republican-led Congress are looking to advance an overhaul of the tax code.

Trump fired back at Frazier on Twitter, condemning the exit and again skirting the racial issue by saying now Frazier will "have more time to LOWER RIPOFF DRUG PRICES!"

Campbell Soup Company (NYSE: CPB) CEO Denise Morrison is the latest to drop out, following a news cycle that saw Trump say there's "blame on both sides" for violence at a rally in Charlottesville, Virginia that included neo-Nazis and members of the Ku Klux Klan.

Trump's remarks were widely criticized in Washington and around the country.



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