Under Armour CEO Resigns From Pres. Trump's Manufacturing Council

Under Armour CEO Steps Down From Trump's Manufacturing Council

An African-American CEO of a major pharmaceutical company has resigned from a presidential council in a direct response to President Trump's remarks about "many sides" being to blame for violence over the weekend in Charlottesville.

Plank didn't give a clear reason for stepping down, but his announcement comes amid fierce criticism over Trump's response to violence over the weekend at a white nationalist rally in Charlottesville, Virginia.

In an appearance on Saturday at his golf resort in Bedminster, New Jersey, Trump faulted "many sides" for the violence.

"For every CEO that drops out of the Manufacturing Council, I have many to take their place", Trump tweeted.

On a personal note, Cramer said he respects Frazier for not making broad claims about Merck's cancer drug Keytruda.

The rift did not seem to harm Merck's stock: The drug company's shares rose by almost a full percentage point in the first hour of trading, to almost $63.

Within hours, Under Armour CEO Kevin Plank, who has felt some blowback for his support of the president, resigned from the same panel, saying his company “engages in innovation and sports, not politics.” Plank did not specifically mention Trump or Charlottesville, but said his company will focus on promoting “unity, diversity and inclusion” through sports.

Trump, who has been at his New Jersey golf club on a working vacation, was set to make a one-day return to Washington on Monday to sign an executive action on China's trade practices.

Members of Trump's own party have called on the president to condemn Saturday's killing of a woman who had been protesting white supremacists as an act of domestic terrorism.

"Racism is evil - and those who cause violence in its name are criminals and thugs, including KKK, neo-Nazis, white supremacists, and other hate groups are repugnant to everything we hold dear as Americans", Trump said.

Frazier is resigning from the President's American Manufacturing Council citing "a responsibility to take a stand against intolerance and extremism".

Indra Nooyi, the p. -d. g. of the group of beverage Pepsico, herself of indian origin, had stated Sunday on Twitter that she was "upset" by the events of Charlottesville.

Plank, Krzanich, Trumka and Liveris are also on the president's manufacturing council.

August 16: Campbell Soup Co.'s Denise Morrison quit the manufacturing group."Racism and murder are unequivocally reprehensible and are not morally equivalent to anything else that happened in Charlottesville", she said.

By Aug. 16, with other corporate bosses heading for the exits, Trump dissolved the manufacturing group headed by Dow Chemical Co.'s Andrew Liveris and a strategy and policy forum headed by Blackstone Group's Stephen Schwarzman.

Tesla CEO Elon Musk quit the American Manufacturing Council, along with two other advisory groups, on June 1 after the president announced that the United States would be pulling out of the Paris Climate Accords.



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