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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Leadershipcharlottesville

Yet Another Member of Donald Trump’s Manufacturing Council Has Resigned

By
Valentina Zarya
Valentina Zarya
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By
Valentina Zarya
Valentina Zarya
Down Arrow Button Icon
August 15, 2017, 12:13 PM ET

The next meeting of Donald Trump’s Manufacturing Jobs Initiative will need decidedly fewer seats.

Scott Paul, head of the Alliance for American Manufacturing tweeted Tuesday morning: “I’m resigning from the Manufacturing Jobs Initiative because it’s the right thing for me to do.”

I'm resigning from the Manufacturing Jobs Initiative because it's the right thing for me to do.

— Scott Paul (@ScottPaulAAM) August 15, 2017

Paul is following three other members of the roundtable in resigning: Merck CEO Ken Frazier was the first to resign on Monday. “America’s leaders must honor our fundamental views by clearly rejecting expressions of hatred, bigotry and group supremacy, which run counter to the American ideal that all people are created equal,” Frazier said in a statement posted on Twitter.

pic.twitter.com/a1PNQZism5

— Merck (@Merck) August 14, 2017

Intel (INTC) CEO Brian Krzanich and Under Armour CEO (UAA) Kevin Plank followed Frazier’s lead Monday night. Krzanich wrote about his decision in a blog post and Plank wrote about it on Twitter.

I love our country & company. I am stepping down from the council to focus on inspiring & uniting through power of sport. – CEO Kevin Plank pic.twitter.com/8YvndJMjj1

— Under Armour (@UnderArmour) August 15, 2017

The Manufacturing Jobs Initiative is a group of business leaders tapped to advise the president on “how best to promote job growth and get Americans back to work again.”

More than a dozen leaders remain on the council, including Dow’s (DOW) Andrew Liveris, Campbell Soup’s (CPB)Denise Morrison, and Dell’s Michael Dell.

About the Author
By Valentina Zarya
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