Donald Trump’s Strategic and Policy Forum, a group made up of business leaders from various industries, has reportedly disbanded. CNBC says the group has agreed to terminate as a whole, which is distinct from what’s occurring with Trumps’ manufacturing council, where leaders are leaving one-by-one, including 3M and Campbell’s Soup CEOs who left earlier today.
The Strategic and Policy Forum included one high-profile tech executive: Ginni Rometty, CEO of IBM. Rometty previously defended her continued position on Trump’s council as a continuation of IBM’s direct engagement with the U.S. Presidency, which she noted has occurred with every administration since Woodrow Wilson. It also included GM CEO Mary Barra.
Other members of the Strategic and Policy Forum included forum leader Blackstone CEO Steve Schwarzman, JPMorgan’s Jamie Dimon, Wal-Mart’s Doug McMillon and more. The continued fallout among Trump’s business relations are a result of Trump’s attempts to draw some equivalence between sides in last weekend’s white supremacy demonstration in Charlottesville, where protesters opposed the pro-Nazi alt-right event.
Trump went out of his way on Tuesday at a press conference to ascribe blame to “both sides” in the conflict, after which members of his Manufacturing council, also made up of key business execs, began dropping out individually. An unnamed member of the Strategic and Policy Forum told CNBC that the group wanted to disband “as a panel, not as individuals because it would have more significant impact.”
Bloomberg and Reuters are also reporting that the council is disbanded. We’ve reached out to GM and IBM for comment and will update if we receive more info.