Trump Ends C.E.O. Advisory Councils as Main Group Acts to Disband

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

by David Gelles, Landon Thomas Jr and Kate Kelly

President Trump’s main council of top corporate leaders disbanded on Wednesday following the president’s controversial remarks in which he equated white nationalist hate groups with the protesters opposing them. Soon after, the president announced on Twitter that he would end his executive councils, rather than put “pressure” on executives.

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.

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