Fox Business’ Varney: Merck CEO ‘Put His Personal Politics Ahead of His Responsibilities as CEO’
Over on Fox Business Network this morning, Stuart Varney criticized Merck CEO Kenneth Frazier for his decision to step down from the White House’s American Manufacturing Council.
In his statement, Frazier said that “America’s leaders must honor our fundamental values by clearly rejecting expressions of hatred, bigotry and group supremacy, which run counter to the American ideal that all people are created equal.” He called this a “matter of personal conscience.”
President Trump subsequently took to Twitter to slam him and his company.
Three more CEOs have stepped down from the council.
Varney brought up Frazier in particular this morning with this take:
“Mr. Frazier has put his personal politics ahead of his responsibilities as CEO of a giant drugmaker. The owners of Merck, that would be the shareholders, may not approve of this. The CEO runs the company on behalf of shareholders, not to push forward his or her personal political beliefs. Merck no longer has a seat at President’s table. It is no longer in the jobs loop. Worse, it has drawn the anger of the president, who has issued two tweets on this, both threaten to go after Merck’s drug pricing policies. Perhaps Mr. Frazier believes that Merck’s best interest lies in separating the company he runs from the presidency. In which case he should say so and remove Merck from the list of companies which favor tax cuts and deregulation.”
More broadly, he said it’s clear that “politics and anti-Trump feeling” are behind the decisions of Frazier and other CEOs to step down from these advisory councils.
The President himself tweeted today that they’re all “grandstanders.”
Watch above, via Fox Business Network.
[image via screengrab]
Have a tip we should know? [email protected]