Elon Musk and Robert Iger of Walt Disney quits Trump’s Advisory councils

Trump’s move has divided corporate America.

Following U.S. President Donald Trump’s decision to withdraw the United States from the landmark 2015 Paris Agreement, Tesla Inc’s Chief Executive Officer, Elon Musk and Walt Disney Co’s CEO Robert Iger stated they would leave the White House’s advisory councils.

With this move Trump has fulfilled a major campaign pledge.

“Climate change is real. Leaving Paris is not good for America or the world,” tweeted Musk. Musk sits on the President’s Strategic and Policy Forum as well as on Trump’s manufacturing jobs council.

On Wednesday, Musk had said he had done “all I can” to convince Trump to stay in the accord, including threatening to leave the advisory councils if Trump takes the U.S. out from the historic accord.

Iger also tweeted saying “as a matter of principle, I’ve resigned from the President’s Council over the #ParisAgreement withdrawal.”

Earlier in February, Uber Technologies Inc’s CEO, Travis Kalanick, had also quit Trump’s business advisory council midst pressures against The Trump’s administration’s immigration policies.

Trump had created the business advisory group in December, before taking the oath of office, so as to assist him in making policy decisions.

Led by Stephen Schwarzman, Blackstone Group LP’s CEO, it also includes PepsiCo Inc’s CEO Indra Nooyi, as well as Jamie Dimon, the chief executive of JPMorgan Chase & Co.

On Thursday, BlackRock Inc’s Chief Executive, Larry Fink had stated he would continue to sit on the advisory board despite having reservations on the White House decision to withdraw from the Paris accord.

“I accepted the invitation to serve on the President’s CEO Forum because I believe I can contribute to the policy dialogue in Washington and serve as a voice for investors,” said Fink in a statement.

“I am a strong believer that our industry needs to have a voice with governments around the world,” said Fink, CEO of the world’s largest asset manager, with $5.4 trillion under management.

“I do not agree with all of the president’s policies and decisions, including today’s announcement to exit the U.S. from the Paris Agreement which I believe is a critical step forward in addressing climate change.”

The White House is scheduled to hold a meeting with technology leaders on June 19.

The spokeswoman for Ford, the second biggest automaker in the U.S.,  Christin Baker stated, it believes “climate change is real, and remain deeply committed to reducing greenhouse gas emissions in our vehicles and our facilities.”


Categories: Creativity, Economy & Finance, Entrepreneurship, Geopolitics, HR & Organization, Regulations & Legal, Strategy, Sustainability

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