IndraNooyi, the chief executive of PepsiCo got involved in a call with other leaders who had agreed to advise Mr. Trump. She has watched in shock along with other business leaders when Mr. Trump accused many sides of flare up white supremacist violence in Charlottesville.
Ms. Nooyi spoke with Mary T. Barra, the head of General Motors, Virginia M. Rometty, the chief of IBM, and Rich Lesser, the chief executive of Boston Consulting Group, who had identical outpouring with the President’s response. All of them were thinking of putting their papers down and renounce from the strategic and policy forum, an A list group devised late last year to guide the President on economic matters.
While this event was taking place the president’s other main consulting group,“the Manufacturing Jobs Initiative was beginning to fall apart.” Earlier chief executive of Merck renounced his post. This was followed by the chiefs of Intel and Under Armour and envoy from the labor group and a nonprofit business alliance.
Some member heads were still in dilemma whether to continue on the prestigious presidential policy advisory panel or to step down. However after President Trump’ speech and articulation at the embellished lobby of Trump Tower when he again compared far-right hate groups with the groups challenging them.
Eventually a dozen of country’s most predominant CEOs came together for a conference call and after some discussions reached at an agreement: The policy forum would be disbanded, delivering a blow to a president who came into office boasting of his close ties with business leaders.