Trump mocks exec for quitting advisory council over racism

19 August, 2017, 08:46 | Author: Leticia Walters
  • Tesla CEO is seen here leaving Trump’s council. He left permanently after the President pulled the U.S. out of the Paris Climate Agreement. More

Following this response, Merck chairman and chief executive officer Kenneth C Frazier today announced his resignation from the President's American Manufacturing Council.

Before this latest news conference, it had become clear that the man who rammed his auto into a crowd of counter-protesters, killing a woman and injuring dozens of people, had idolized Adolph Hitler long before he joined the white nationalist rally.

After Trump's initial comments in the wake of the deadly Charlottesville protest, blaming the violence "on many sides" without specifically denouncing the white nationalists who were at the center of the clashes, Merck posted a statement on Twitter from Frazier announcing his resignation from the council.

But when asked repeatedly whether this was an act of terror, Trump wouldn't clearly condemn it as such, saying: "You can call it terrorism".

"As CEO of Merck, and as a matter of personal conscience, I feel a responsibility to take a stand against intolerance and extremism", he said in a statement. Head to IBD Stock Checkup for a look at other drug stock leaders.

Howes said both of the advisory councils were on conference calls earlier in the week, including a Tuesday night scramble to put together a call around 11 p.m.

The heads of drugmaker Merck, sports apparel giant Under Armour, tech multinational Intel, the Alliance for American Manufacturing and the largest group of unions in the USA, the AFL-CIO, have all exited Mr Trump's council.

At the group's first meeting in January, Trump shook Frazier's hand after the CEO talked up efforts to bring manufacturing jobs back to the US for a cancer drug.

Trump countered with a tweet less than an hour later - and before his public remarks - that was critical of Frazier, one of the nation's most prominent African-American CEOs.

Donald Trump's promise to turn to America's business leaders for advice and counsel has collapsed.

In February, former UBER CEO Travis Kalanick also quit advising Trump on business matters over the president's proposal to ban travel from seven Muslim countries.

Mr Liveris did release a statement condemning the weekend's violence in Charlottesville and declared at "Dow there is no room for hatred, racism or bigotry".

"Under Armour engages in innovation and sports, not politics", said the sports brand's CEO, Kevin Plank.

The latest to leave is the chief executive of AFL-CIO.

Later Monday, Trump targeted Merck in a second tweet.

Liveris was in January appointed head of the manufacturing council - created to generate manufacturing jobs in the US - and has been a visible presence in the White House.

How can people like Adebayo O. Ogunlesi, a lead director of Goldman Sachs and an infrastructure investor, remain a member of Trump's Strategic and Policy Forum - a role highlighted on Ogunlesi's company biography? Trump has in the past caused drug stocks to drop by threatening to bring prices "way down".

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