Wake up to Mike Allen’s AM, the 10 stories driving your day

Stories

Trump sparks rare big business backlash over Charlottesville

Evan Vucci / AP

The cover story of the N.Y. Times Business section quotes Darren Walker, president of the Ford Foundation and a board member at PepsiCo., as calling the forthright engagement of executives in the debate ignited by Charlottesville "a seminal moment in the history of business in America."

  • From the article, "Executive Powers," by David Gelles: "After Nazi-saluting white supremacists rioted ... and President Trump dithered in his response, a chorus of business leaders rose up this past week to condemn hate groups and espouse tolerance and inclusion. And as lawmakers in Texas tried to restrict the rights of transgender people to use public bathrooms, corporate executives joined activists to kill the bill."
  • Why it matters: "These and other actions are part of a broad recasting of the voice of business in the nation's political and social dialogue, a transformation that has gained momentum in recent years as the country has engaged in fraught debates over everything from climate change to health care."

A related piece runs atop the WashPost Business front, "Trump pulls off a rare feat: Inspiring C-suite moral courage," by Steve Mufson: "In earlier generations, businesses have been slow to join in defending rights, from segregated lunch counters in the United States in the 1950s to multinationals ... that kept doing business in apartheid South Africa through the mid- to late 1980s."

  • "So the businessman in chief has managed a rare achievement by rattling the members of America's business elite who have been hoping Trump would bring tax cuts and regulatory relief."
More stories loading.