THE BIG IDEA: Companies are caught between a rock and a hard place, with President Trump on one side and their customers on the other.
Uber CEO Travis Kalanick quit President Trump’s 15-member council of business leaders yesterday, and Disney CEO Bob Iger let it be known that he won’t attend a meeting at the White House today because of a scheduling conflict.
Nordstrom announced last night that it will stop selling Ivanka Trump’s name-branded line of clothing and shoes after an extended boycott by an anti-Trump activist group called “Grab Your Wallet.”
The retailer said the first daughter’s products are being dropped because of poor sales. In early December, Nordstrom had 71 Ivanka items for sale on its web site. Right now, just four are left. And they’re all being sold at a clearance discount.
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We’ve obviously written a lot about companies bending to pressure from Trump, especially defense contractors like United Technologies, Boeing and Lockheed. But firms that depend on retail sales will perhaps care more about pressure from their customers than from White House heavies.
— Grassroots pressure has proven effective at several other moments since Trump became president two weeks ago today. The two Republican senators who came out against Betsy DeVos, Susan Collins and Lisa Murkowski, cited constituent phone calls as a key factor in their decision. The administration watered down (aka “clarified”) its refugee ban to exempt green-card holders after the massive protests at airports.
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Frase de la semana
No hay mal que por bien no venga
La foto de cierre