Article snippet: As corporate chieftains on a White House advisory panel debated on Wednesday on whether to disband, a few spoke up in favor of sticking with President Trump. They made their case in terms of business self-interest, patriotism and pragmatism. Jack Welch, the retired leader of General Electric, said the business leaders should not abandon the president, according to a person briefed on the call, who was not authorized to speak about it. W. James McNerney Jr., the former head of Boeing, reminded the corporate executives that they wanted a business-friendly administration. Mr. McNerney, the person said, told the group that he was in favor of condemning Mr. Trump’s remarks but that the pro-business agenda was too important to justify dissolving the council and losing influence. But they were lonely voices. The group ultimately decided to disband to protest Mr. Trump’s equating far-right hate groups with the groups opposing them in Charlottesville, Va. The apparent retreat from Mr. Trump by many corporate executives has added to concerns that chaos in the White House and the president’s propensity to inflame crises as opposed to tamping them down are jeopardizing his agenda to overhaul taxes and put in place an infrastructure plan. Stocks slid on Thursday in part on worries that the president’s ruptured relations with business would damage his plans to jump-start economic growth. The decline steepened after the terrorist attack in Barcelona. The Standard & Poor’s 5... Link to the full article to read more
The Case Some Executives Made for Sticking With Trump - The New York Times
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