Merck CEO Steps Down After Trump Did Not Condemn Charlottesville Incident

Paterniano Del Favero
Agosto 19, 2017

"Under Armour engages in innovation and sports, not politics".

He wrote on Twitter Monday that "America's leaders must honor our fundamental values by clearly rejecting expressions of hatred, bigotry and group supremacy, which runs counter to the American ideal that all people are created equal".

Trump immediately responded on Twitter with an attack on Frazier, saying his resignation will give him "more time to LOWER RIPOFF DRUG PRICES!"

Trump was under increasing pressure to call out the white supremacist groups involved in the Charlottesville demonstration.

The CEO of computer chip maker Intel also resigned from President Donald Trump's American Manufacturing Council, bemoaning "the serious harm our divided political climate is causing to critical issues".

One person died at the white supremacist rally when a auto plowed through a crowd of counter-protesters.

"As CEO of Merck and as a matter of personal conscience, I feel a responsibility to take a stand against intolerance and extremism", he said.

While Frazier's statement was posted to Twitter on Monday, August 14, at 8 a.m., President Trump would soon hit back with a statement of his own, knocking Ken.

Merck shares rose 0.5 percent in afternoon trading on the New York Stock Exchange, roughly in line with the wider market.

Meanwhile, other executives stated their support for Frazier.

On Sunday, however, the White House added: "The president said very strongly in his statement yesterday that he condemns all forms of violence, bigotry, and hatred, and of course that includes white supremacists, KKK, neo-Nazi, and all extremist groups".

Krzanich isn't the first CEO to depart a Trump council.

Tesla CEO Elon Musk resigned from the manufacturing council in June, and two other advisory groups to the president, after the USA withdrawal from the Paris climate agreement.

The manufacturing jobs council had 28 members initially, but it has shrunk since it was formed earlier this year as executives retire, are replaced, or, as with Frazier and Musk, resign.

Other execs have resigned from the manufacturing council and other government committees.

It was a big turnaround from when Ken, as seen in the above photo with President Trump, announced a joint collaboration between Merck, Pfizer, and Corning to create glass containers for medication.

Hours after the violence broke out, the president in a news conference condemned what he termed the "egregious display of hatred and bigotry. on many sides", a statement that quickly drew criticism for not being strong enough.

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