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After Merck CEO Ken Frazier’s departure yesterday, Intel CEO Brian Krzanich and Under Armour CEO Kevin Plank have followed suit. Yahoo Finance’s Alexis Christoforous, Dan Roberts, and Justine Underhill discuss why Plank is changing leaving after he previously praised the President.
Merck (MRK) CEO Ken Frazier resigned in protest from the White House American Manufacturing Council on Monday, citing President Donald Trump’s failure to immediately and clearly reject the bigotry on display in Charlottesville, Virginia over the weekend. Hours later, Under Armour CEO Kevin Plank and Intel CEO Brian Krzanich followed suit, exposing themselves to the ire of a president who doesn’t hesitate to retaliate. This ultimately sparked more widespread departures from CEOs and an ultimate disillusionment of the council along with the Strategy & Policy Forum on Wednesday.
Corporate leaders have largely stayed silent following Trump's response to Charlottesville, Virginia. Here's a look at why.