American voters are obligated to pass judgment on President Donald Trump.
"I will continue to support all efforts to spur economic growth and advocate for the values that have always made America great", the statement said.
"As CEO of Merck and as a matter of personal conscience, I feel a responsibility to take a stand against intolerance and extremism", said Frazier, who is African-American.
He joined the CEOs of Merck, Under Armour and Intel, who all left the council Monday.
He then specifically addressed the events in Charlottesville, which led to three deaths, including that of Heather Heyer, who among a group of people counter-protesting neo-Nazis, Ku Klux Klan members and white supremacists gathered to protest the removal of a statute of Confederate general Robert E. Lee.
But McMillon, whose business has customers on all sides of the political spectrum, plans to stay on a separate Trump advisory panel and said that the president's follow-up remarks on Monday that named white supremacists were a step in the right direction.
"It's certainly a sign that Trump's more controversial stuff isn't playing well with companies selling to middle America", said Goolsbee, now a professor at the University of Chicago.
Andrew Liveris, The Dow Chemical Co.
The neo-Nazis and white supremacists "came wearing helmets and bringing clubs, and the violence started...and this driver, who has been charged, injured 20 and killed this lovely young woman and it is unbelievably sad", Franken said.
The president has not been shy about calling out businesses for perceived missteps.
Greg Hayes, United Technologies Corp. After an initial burst of activity and press attention, the councils have fizzled with neither meeting since April.
There are several tech leaders also on Trump's manufacturing council, including Intel CEO Brian Krzanich, GE Chairman Jeff Immelt, Dell CEO Michael Dell and Corning CEO Wendell Weeks. Former Uber Technologies Inc.
The administration drew criticism from a wide swath of companies over its executive order restricting immigration.
"After this weekend, I am not sure what it would take to get these CEOs to resign", he tweeted.
The response, and the speed in which it arrived, caught many off guard.
In January, Merck reported that its average net prices - the amount the company receives after discounts and other rebates - increased in the years since 2010 in a range between 3.4 percent and 6.2 percent per year. He wrote that Frazier will now "have more time to LOWER RIPOFF DRUG PRICES!"
This story was updated at 12:23 p.m. "It's kind of like a merit badge for a CEO to be part of a group like this".
Unilever CEO Paul Polman wrote on Twitter, "Thanks ΓåòMerck Ken Frazier for strong leadership to stand up for the moral values that made this country what it is".