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posted by takyon on Wednesday August 16 2017, @05:33PM   Printer-friendly
from the pressure-relief dept.

Following a number of CEOs pulling out of President Trump's American Manufacturing Council and Strategic and Policy Forum, President Trump tweeted that the initiatives have been ended:

Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all!

The CEOs of Merck, Intel, 3M, and other companies had already left:

3M Co. Chief Executive Officer Inge Thulin stepped down from the White House's manufacturing council, adding to the corporate exodus as the backlash grows to President Donald Trump's ambivalent response to racially-charged violence in Virginia over the weekend.

Thulin joined the White House panel in January "to advocate for policies that align with our values and encourage even stronger investment and job growth -- in order to make the United States stronger, healthier and more prosperous," the CEO said Wednesday in a statement tweeted by 3M. "After careful consideration, I believe the initiative is no longer an effective vehicle for 3M to advance these goals."

Update: The members of the Strategic and Policy Forum reportedly disbanded the group before President Trump's tweet:

The quick sequence began late Wednesday morning when Stephen A. Schwarzman, the chief executive of the Blackstone Group and one of Mr. Trump's closest confidants in the business community, organized a conference call for members of the president's Strategic and Policy Forum. On the call, the chief executives of some of the largest companies in the country debated how to proceed. After a discussion among a dozen prominent C.E.O.s, the decision was made to abandon the group altogether, said people with knowledge of the details of the call.

Also at Bloomberg:

Trump made the announcement on Twitter, less than an hour after one of the groups was said to be planning to inform the White House that it would break up. [...] Trump appeared to be making an effort to get ahead of the news as the councils began to disintegrate. The strategy forum, which is led by Blackstone Group LP's Stephen Schwarzman, planned to inform the White House Wednesday before making the announcement public, according to another person familiar with the matter, who wasn't authorized to discuss the news publicly.


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  • (Score: 4, Informative) by Thexalon on Wednesday August 16 2017, @09:04PM (5 children)

    by Thexalon (636) on Wednesday August 16 2017, @09:04PM (#554942)

    he was certainly never treated very nicely by the elites.

    "Hey, can I have $500 million to build a casino? I promise I won't rip you off."
    "Sure, go right ahead."
    * goes bankrupt *

    "Hey, can I have another $1 billion to build a casino. I promise I won't rip you off like last time."
    "Sure, go right ahead."
    * goes bankrupt again *

    Yeah, those "elites" were such meanies, they let him borrow staggeringly large sums, repeatedly.

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  • (Score: 2) by HiThere on Wednesday August 16 2017, @10:28PM (2 children)

    by HiThere (866) Subscriber Badge on Wednesday August 16 2017, @10:28PM (#555000) Journal

    Wasn't that his father subsidizing him? That's different from "elites" in general.

    OTOH, who would want to be nice to someone who's loud, abusive, and obnoxious?

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    • (Score: 0) by Anonymous Coward on Wednesday August 16 2017, @10:49PM

      by Anonymous Coward on Wednesday August 16 2017, @10:49PM (#555014)

      From what I recall his dad only bankrolled his first two fuckups, but I guess the 2nd got Trump successful enough to dupe some VCs into taking a gamble on him. Still can't believe he was able to run his campaign as "a successful businessman". God damn, all the people he screwed over must have been so fucking pissed at that.

    • (Score: 0) by Anonymous Coward on Thursday August 17 2017, @04:02PM

      by Anonymous Coward on Thursday August 17 2017, @04:02PM (#555383)

      I don't think you need to get the courts involved to get out of "Dad debt".

  • (Score: 2) by GreatAuntAnesthesia on Thursday August 17 2017, @09:20AM (1 child)

    by GreatAuntAnesthesia (3275) on Thursday August 17 2017, @09:20AM (#555194) Journal