
Pressure Mounts On CEOs to Step Down From Trump Council
Pressure is mounting on CEOs to step down from President Donald Trump's American Manufacturing Council, after the leaders of Merck (MRK) - Get Report , Under Armour (UAA) - Get Report and Intel (INTC) - Get Report quit Monday.
The CEOs quit over Trump's lukewarm response to racist violence over the weekend in Charlottesville. While General Electric (GE) - Get Report said the company has "no tolerance for hate, bigotry or racism" and condemned "violent extremism," but confirmed that CEO Jeff Immelt would remain on the manufacturing council.
A Twitter campaign has been launched calling for a boycott of products from the companies whose CEOs still sit on the council. Users were calling for a boycott of General Electric, Whirlpool (WHR) - Get Report and Johnson & Johnson (JNJ) - Get Report .
The hashtag #SoupNazi, referring to the infamous scene from Seinfeld, was trending alongside calls for Campbell Soup (CPB) - Get Report CEO Denise Morrison to step down from the council.
Campbell Soup , Whirlpool , Nucor (NUE) - Get Report and International Paper released statements during Monday condemning hate groups in Charlottesville. They also confirmed that their CEOs would remain on Trump's manufacturing advisory council.
Dell Technologies spokeswoman Lauren Lee confirmed Michael Dell, who sits on the manufacturing council, will not change his relationship with Trump. "While we would not comment on any member's personal decision, there's no change in Dell engaging with the Trump administration and governments around the world to share our perspective on policy issues that affect our company, our customers and our employees," she said in an email.
More of What's Trending on TheStreet:
- Warren Buffett, Retail Sales - 5 Things You Must Know Before the Market Open
- How Much Cash Do You Have on You?: Cramer's 'Mad Money' Recap (Monday 8/14/17)
- The 30 Nastiest Storms in Recent U.S. History Have Caused Mind-Blowing Damage
- Small-Cap Stocks and Transports Have Mysteriously Reversed Course: Market Recon
- Warren Buffett Dumps GE Stake to Invest in a Lender With GE Roots









