As CEOs flee President Trump’s business advisory councils, the City Council’s Progressive Caucus is calling on JP Morgan Chase to do the same.
The move comes as multiple CEOs have ditched a Trump council on manufacturing business in the wake of a white supremacist rally in Charlottesville, Va., Saturday. Trump did not condemn white supremacists until Monday; on Tuesday he again insisted violence had come from “both sides.” Merck CEO Ken Frazier was first to depart, calling it a “matter of personal conscience” to stand against intolerance.
JP Morgan Chase does not have a spot on the manufacturing council, but its CEO Jamie Dimon is on a White House business advisory council — which the City Council’s progressive wing is calling on him to quit, saying they are troubled “by the many corporate leaders who have continued to stand by the President even as he has passed policy after policy that run contrary to the values of this country.”
“We are particularly concerned given Trump’s failure to swiftly and categorically denounce the white supremacist violence in Charlottesville this past week,” the letter reads.
The group also highlighted the bank’s financing of private prison companies, which the council members argued are helping Trump’s agenda of deporting undocumented immigrants.
The caucus called on the bank to leave the business council, issue a statement “denouncing Trump’s anti-immigrant, refugee, and Muslim agenda,” and to stop financing the private prison companies.
JP Morgan Chase didn’t respond to a request for comment.
Several advocacy groups were also calling for JP Morgan to ditch Trump, including the Center for Popular Democracy, Make the Road New York and New York Communities for Change.
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