Ken Frazier of Merck was the first to announce he was leaving. Then came Kevin Plank of Under Armour and Brian Krzanich of Intel.
There is no question why the three CEOs quit serving on US president Donald Trump’s manufacturing council—each departure was a direct response to Trump’s hesitance to condemn white-supremacist organizations by name. (CNN is reporting that a fourth member, Scott Paul, head of the Alliance for American Manufacturing, has also stepped down.)
The real question, according to former US Treasury secretary Larry Summers, is why any CEOs still remain. At this point, it’s clear that Trump isn’t listening to their advice, and making the case that staying on his advisory councils will have a positive influence no longer holds water. “No advisor committed to the bipartisan American traditions of government can possibly believe he or she is being effective at this point,” Summers, an economist who was also president of Harvard, argued in the Financial Times. Click here to read more.