Corporate Antifa: CEOs Revolt Against American Democracy

Thursday, August 17, 2017
By Paul Martin

17 Aug 2017

The leaders of corporate America launched an unprecedented revolt against President Donald Trump this week, abandoning two CEO councils created by the White House in protest at the president’s comments on the recent violence in Charlottesville, Virginia.

The rebellion was a breach of corporate America’s traditional stance of public deference to the institutions of electoral democracy. Corporate leaders and Wall Street titans had decided for the first time to pit their power, prestige and vast wealth against the man elected president by the American people just 10-months earlier.

“In American history, we’ve never had business leaders decline national service when requested by the president,” Yale School of Management professor Jeffrey Sonnefeld told the New York Times.

But the CEOs did not just decline to serve on the president’s councils. Several issued statements lambasting the president and repeating false accusations that Trump had defended white nationalists and other racist protesters in Charlottesville. The statements made clear that America’s corporate leadership had taken sides with those on the American left and in the American media who have never relented in their opposition to Trump.

“As our members have expressed individually over the past several days, intolerance, racism and violence have absolutely no place in this country and are an affront to core American values,” the members of the Strategic and Policy Forum said in a joint statement issued after the group had decided to abandon the council.

“I strongly disagree with President Trump’s reaction to the events that took place in Charlottesville over the last several days,” J.P. Morgan Chase chief executive Jamie Dimon wrote in a memo to employees Wednesday. “Racism, intolerance and violence are always wrong.”

“Racism and murder are unequivocally reprehensible and are not morally equivalent to anything else that happened in Charlottesville. I believe the President should have been–and still needs to be–unambiguous on that point,” Campbell’s Sourp CEO Denise Morrison said.

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