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Pablo Martinez Monsivais / AP

CEOs on President Trump's top outside business-advisory group decided Wednesday to disband amid the tumult over his response to this weekend's white-nationalist violence in Charlottesville, top business sources tell Axios.

  • The group, the President's Strategic and Policy Forum, is chaired by Stephen A. Schwarzman, chairman, CEO and co-founder of Blackstone.
  • "Debate over the forum has become a distraction and the group has decided to disband," a top executive said as a conference call of the CEOs continued.
  • How it happened: The decision was made quickly, the executive said: "Given the comments of the last several days, no one could continue to be seen as supporting this kind of divisiveness."

Why it matters: Trump's "both sides" response to the violence has made CEOs even more wary of interacting with the White House, with many of them facing pressure from employees and shareholders to distance themselves. We are witnessing the swiftest, biggest big business rebuke/revolt of the Trump presidency.

The forum is separate from another advisory group, focused on manufacturing, that has seen several CEO defections this week.

List of members, via Axios' Erica Pandey:

  • Paul Atkins, Patomak Global Partners
  • Mary Barra, General Motors
  • Toby Cosgrove, Cleveland Clinic
  • Jamie Dimon, JPMorgan Chase
  • Larry Fink, BlackRock
  • Rich Lesser, Boston Consulting Group
  • Doug McMillon, Wal-Mart
  • Jim McNerney, formerly Boeing
  • Indra Nooyi, PepsiCo
  • Adebayo "Bayo" Ogunlesi, Global Infrastructure Partners
  • Ginni Rometty, IBM
  • Stephen A. Schwarzman, Blackstone
  • Kevin Warsh, former board member at the Federal Reserve, Hoover Institute
  • Mark Weinberger, Ernst & Young
  • Jack Welch, formerly General Electric
  • Daniel Yergin, IHS Markit
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Go deeper

Biden gets mixed grades on revolving door

Illustration: Sarah Grillo/Axios

President Biden is getting mixed marks for his reliance on industry insiders to staff his administration during its first 100 days.

Why it matters: Progressives have leaned on the new president to limit the revolving door between industry and government. A new report from the Revolving Door Project praises him on that front but highlights key hires it deems ethically questionable.

Exclusive: Sen. Coons sees new era of bipartisanship on China

Sen. Chris Coons. Photo: Kent Nishimura / Los Angeles Times via Getty Images

The Jan. 6 insurrection was a "shock to the system," propelling members of Congress toward the goal of shoring up America's ability to compete with China, Sen. Chris Coons (D-Del.) told Axios during an interview Thursday.

Why it matters: Competition between China's authoritarian model and the West's liberal democratic one is likely to define the 21st century. A bipartisan response would help the U.S. present a united front.

By the numbers: States weighing voting changes

Data: Brennan Center for Justice at NYU Law; Cartogram: Michelle McGhee/Axios

Georgia is not alone in passing a law adding voting restrictions, but other states are seeing a surge in provisions and proposals that would expand access to the polls, according to data from the Brennan Center for Justice.

Driving the news: Just Wednesday, the New York State Assembly passed a bill to restore voting rights to convicted felons who have been released from prison.