A group of business and finance CEOS that advises President Trump was planning to disband in response to Trump's remarks on the violence in Charlottesville, Va., over the weekend, before Trump announced Wednesday afternoon that he would end the group.
The Strategy and Policy Forum, a different group from the manufacturing council that saw eight resignations and is made up of business leaders such as General Motors CEO Mary Barra and JPMorgan Chase CEO Jamie Dimon, agreed Wednesday to dissolve.
"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 group said in a statement.
The members said that they disbanded because debate over whether to participate had "become a distraction from our well-intentioned and sincere desire to aid vital policy discussions on how to improve the lives of everyday Americans."
Several prominent business leaders distanced themselves from the White House this week in reaction to Trump's equivocations on the confrontation in Charlottesville spurred by a rally involving white supremacists and neo-Nazis in which one woman protesting the demonstrators, Heather Heyer, was killed. The business leaders also faced harsh criticism from commentators, such as former Treasury Secretary Larry Summers, who accused them of abetting racism by maintaining ties to Trump's administration.
On Wednesday afternoon, Trump tweeted," Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all!
The forum was led by Blackstone head Stephen Schwarzman and included the CEOs of Walmart, Blackrock, the Boston Consulting Group, Boeing, the Cleveland Clinic, EY, IBM, and Pepsi, among others.
Some of the members had indicated they would continue their relationships with Trump, even while criticizing his response to the Charlottesville incident.