Nigerian born international CEO, Adebayo Ogunlesi has now ceased
to be an adviser to embattled US President Donald Trump. Trump
sacked him today along with other distinguished CEOs counselling
him via two councils on how to “Make America Great Again”.
Trump sacked Ogunlesi on Twitter, when he announced the
dissolution of two business advisory councils, in one fell
swoop.
Ogunlesi was a member of the Strategic and Policy Forum,
one of the two disbanded by the unpredictable president. The other
group was the Manufacturing Jobs Initiative Council.
Ogunlesi, heads Global Infrastructure Partners, a private equity
firm and one of Fortune 500 companies. He was the only
African on the panel.
The New York Times reported before Trump’s tweeted dissolution,
that members of Ogunlesi’s panel were debating dissolving the body
entirely as Trump wallowed deeper into bigotry quagmire. But Trump
preempted their move.
“Corporate leaders had hoped that President Trump would help
businesses by slashing taxes and gutting regulations. It is not
clear how much he will deliver on that score. On top of that, he is
putting many chief executives in the position of answering for a
president with an unparalleled track record of outraging people,
most recently at a contentious press conference on Tuesday when he
drew a false equivalence between the white supremacists who
protested in Charlottesville, Va., last weekend and
counter-protesters.”, NYT reported.
Trump had earned rebuke and isolation from business leaders for
supporting racial bigotry, White Supremacists and the KKK,
following his remarks that failed to blame the tragic violence in
Charlottesville, Virginia on the groups. Instead, he blamed all the
sides and the group that challenged the racists.
The leaders of three companies — Kenneth
Frazier of Merck, Kevin Plank of Under Armour and Brian Krzanich of
Intel — were the first to resign from the Manufacturing Jobs
Initiative Council.
They resigned on Monday because Mr. Trump was
slow to condemn the white supremacists during the weekend and
blamed “many sides” for the violence.
When Trump moderated his tone on Monday by
saying “racism is evil” and also condemned neo-Nazis, he did not
assuage some of the CEOs working with him.
Scott Paul, the president of the Alliance for
American Manufacturing, an organization backed by the steel
industry and the United Steelworkers resigned. He was followed on
Tuesday by Richard Trumka and Thea Lee, the president and
deputy chief of staff for the union group A.F.L.-C.I.O. The
latter’s resignation followed Trump’s reversed position at a press
conference at Trump Tower in New York, in which he said that
“not all of those people were neo-Nazis, believe me,” referring to
the white nationalists who were chanting “Jews will not replace us”
as they marched with tiki-torches.
Ogunlesi’s Strategic Forum, composed some of
America’s most highly respected and successful business
leaders.
Members of the body were expected to meet with Trump
frequently to share their specific experience and knowledge as the
president implemented his plan to bring back jobs and “Make America
Great Again. ”
The other members of the forum were:
- Stephen Schwarzman (forum chairman), chairman,
CEO, and cofounder of Blackstone - Paul Atkins, CEO of Patomak Global Partners,
former commissioner of the Securities and Exchange Commission - Mary Barra, chairwoman and CEO, General
Motors - Toby Cosgrove, CEO, Cleveland Clinic
- Jamie Dimon, chairman and CEO, JPMorgan Chase
& Co. - Larry Fink, chairman and CEO, BlackRock
- Bob Iger, chairman and CEO, The Walt Disney
Company - Rich Lesser, president and CEO, Boston
Consulting Group - Doug McMillon, president and CEO, Wal-Mart
Stores Inc. - Jim McNerney, former chairman, president, and
CEO of Boeings - Ginni Rometty, chairwoman, president, and CEO
of IBM - Kevin Warsh, Shepard Family Distinguished
Visiting Fellow in economics at the Hoover Institute, former member
of the Board of Governors of the Federal Reserve System - Mark Weinberger, global chairman and CEO,
EY - Jack Welch, former chairman and CEO, General
Electric - Daniel Yergin, Pulitzer Prize winner, vice
chairman of IHS Markit
Apart from being managing partner of Global Infrastructure
Partners, Ogunlesi also serves on the boards of Callaway Golf Co.
and Kosmos Energy Ltd.
At the same time he is the chairman of Africa Finance Corp. and
serves on the boards of various not-for-profits ranging from New
York Presbyterian Hospital to the NAACP Legal Defense and
Educational Fund, Inc.
Nigerian born international CEO, Adebayo Ogunlesi has now ceased
to be an adviser to embattled US President Donald Trump. Trump
sacked him today along with other distinguished CEOs counselling
him via two councils on how to “Make America Great Again”.
Trump sacked Ogunlesi on Twitter, when he announced the
dissolution of two business advisory councils, in one fell
swoop.
Ogunlesi was a member of the Strategic and Policy Forum,
one of the two disbanded by the unpredictable president. The other
group was the Manufacturing Jobs Initiative Council.
Ogunlesi, heads Global Infrastructure Partners, a private equity
firm and one of Fortune 500 companies. He was the only
African on the panel.
The New York Times reported before Trump’s tweeted dissolution,
that members of Ogunlesi’s panel were debating dissolving the body
entirely as Trump wallowed deeper into bigotry quagmire. But Trump
preempted their move.
“Corporate leaders had hoped that President Trump would help
businesses by slashing taxes and gutting regulations. It is not
clear how much he will deliver on that score. On top of that, he is
putting many chief executives in the position of answering for a
president with an unparalleled track record of outraging people,
most recently at a contentious press conference on Tuesday when he
drew a false equivalence between the white supremacists who
protested in Charlottesville, Va., last weekend and
counter-protesters.”, NYT reported.
Trump had earned rebuke and isolation from business leaders for
supporting racial bigotry, White Supremacists and the KKK,
following his remarks that failed to blame the tragic violence in
Charlottesville, Virginia on the groups. Instead, he blamed all the
sides and the group that challenged the racists.
The leaders of three companies — Kenneth
Frazier of Merck, Kevin Plank of Under Armour and Brian Krzanich of
Intel — were the first to resign from the Manufacturing Jobs
Initiative Council.
They resigned on Monday because Mr. Trump was
slow to condemn the white supremacists during the weekend and
blamed “many sides” for the violence.
When Trump moderated his tone on Monday by
saying “racism is evil” and also condemned neo-Nazis, he did not
assuage some of the CEOs working with him.
Scott Paul, the president of the Alliance for
American Manufacturing, an organization backed by the steel
industry and the United Steelworkers resigned. He was followed on
Tuesday by Richard Trumka and Thea Lee, the president and
deputy chief of staff for the union group A.F.L.-C.I.O. The
latter’s resignation followed Trump’s reversed position at a press
conference at Trump Tower in New York, in which he said that
“not all of those people were neo-Nazis, believe me,” referring to
the white nationalists who were chanting “Jews will not replace us”
as they marched with tiki-torches.
Ogunlesi’s Strategic Forum, composed some of
America’s most highly respected and successful business
leaders.
Members of the body were expected to meet with Trump
frequently to share their specific experience and knowledge as the
president implemented his plan to bring back jobs and “Make America
Great Again. ”
The other members of the forum were:
- Stephen Schwarzman (forum chairman), chairman,
CEO, and cofounder of Blackstone - Paul Atkins, CEO of Patomak Global Partners,
former commissioner of the Securities and Exchange Commission - Mary Barra, chairwoman and CEO, General
Motors - Toby Cosgrove, CEO, Cleveland Clinic
- Jamie Dimon, chairman and CEO, JPMorgan Chase
& Co. - Larry Fink, chairman and CEO, BlackRock
- Bob Iger, chairman and CEO, The Walt Disney
Company - Rich Lesser, president and CEO, Boston
Consulting Group - Doug McMillon, president and CEO, Wal-Mart
Stores Inc. - Jim McNerney, former chairman, president, and
CEO of Boeings - Ginni Rometty, chairwoman, president, and CEO
of IBM - Kevin Warsh, Shepard Family Distinguished
Visiting Fellow in economics at the Hoover Institute, former member
of the Board of Governors of the Federal Reserve System - Mark Weinberger, global chairman and CEO,
EY - Jack Welch, former chairman and CEO, General
Electric - Daniel Yergin, Pulitzer Prize winner, vice
chairman of IHS Markit
Apart from being managing partner of Global Infrastructure
Partners, Ogunlesi also serves on the boards of Callaway Golf Co.
and Kosmos Energy Ltd.
At the same time he is the chairman of Africa Finance Corp. and
serves on the boards of various not-for-profits ranging from New
York Presbyterian Hospital to the NAACP Legal Defense and
Educational Fund, Inc.
Read more https://nairalaw.com/trump-sacks-nigerias-ogunlesi-as-adviser/