Donald Trump has disbanded two business advisory groups after several chief executives resigned in protest at his handling of violent protests in Charlottesville last weekend.
One woman died and at least 20 more were injured when a far-right protester drove his car into an anti-fascist demonstration.
"The collapse of the advisory bodies follows seven different corporate leaders stepping down from the two councils in recent days, including the CEOs of both Campbell's Soup and 3M on Wednesday," The Guardian says.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
JPMorgan's chief executive, Jamie Dimon, who was serving on the Strategy and Policy Forum, had not yet resigned but had distanced himself from Trump's statements following the violent protests.
"Constructive economic and regulatory policies are not enough and will not matter if we do not address the divisions in our country," he said. "It is a leader's role, in business or government, to bring people together, not tear them apart."
Trump claimed that the decision to disband the groups was his.
"The president was under pressure to explicitly condemn white supremacists who were behind Saturday's far-right rally," the BBC reports, but he "reversed course on Tuesday and instead appeared to defend the rally's organisers".
-
Buddhist monks’ US walk for peaceUnder the Radar Crowds have turned out on the roads from California to Washington and ‘millions are finding hope in their journey’
-
American universities are losing ground to their foreign counterpartsThe Explainer While Harvard is still near the top, other colleges have slipped
-
How to navigate dating apps to find ‘the one’The Week Recommends Put an end to endless swiping and make real romantic connections
-
TikTok: New owners, same risksFeature What are Larry Ellison’s plans for TikTok US?
-
Trump wants a weaker dollar, but economists aren’t so sureTalking Points A weaker dollar can make imports more expensive but also boost gold
-
Leadership: A conspicuous silence from CEOsFeature CEOs were more vocal during Trump’s first term
-
The end for central bank independence?The Explainer Trump’s war on the US Federal Reserve comes at a moment of global weakening in central bank authority
-
Can Trump make single-family homes affordable by banning big investors?Talking Points Wall Street takes the blame
-
Phish food for thought: Ben & Jerry’s political turmoilIn the Spotlight War of words over brand activism threatens to ‘overshadow’ the big ice cream deal
-
What a rising gold price says about the global economyThe Explainer Institutions, central banks and speculators drive record surge amid ‘loss of trust’ in bond markets and US dollar
-
US mints final penny after 232-year runSpeed Read Production of the one-cent coin has ended
