But under President Trump even this anodyne tradition has become a farce. And in June, Elon Musk of Tesla and Robert Iger of Disney quit the forum after Mr. Trump withdrew from the Paris climate agreement. Some corporate officials who did not resign earlier in the week issued statements critical of Mr. Trump. They were possibly still hopeful that Mr. Trump and Republicans in Congress would shower big tax cuts and other benefits on them and their companies and organizations. But it probably became clear to many of them after Mr. Trump’s bizarre press conference on Tuesday that they could no longer lend their companies’ credibility to Mr. Trump without badly damaging their own brands and reputations.

Source: New York Times August 16, 2017 15:15 UTC