Not to be confused with the Manufacturing Council which business leaders are also fleeing, the members of the Strategic and Policy Forum has decided to disband the group today.
The news was first reported this afternoon by CNBC.
The business backlash to Trump follows his tepid response to violence at a white nationalist rally over the weekend.
"The thinking was it was important to do as a group," a member told CNBC. "As a panel, not as individuals because it would have more significant impact. It makes a central point that it's not going to go forward. It's done."
Members of the Policy Forum include Jamie Dimon of JPMorgan Chase, Larry Fink of BlackRock, Doug McMillon of Wal-Mart, and Ginni Rometty of IBM.
Between defections in Congress, the loss of the policy forum, leaders fleeing the manufacturing council, and Trump's very low approval ratings, I think he's very close to effectively being a lame duck president. And it's only been 7 months.
We may very well look back and conclude that he's been a lame duck since the beginning, but it's becoming quite apparent now.
Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all!
— Donald J. Trump (@realDonaldTrump) August 16, 2017
"You can't fire me. I quit!"
Not even 26 hours apart. pic.twitter.com/TBTxqJImtj
— Kyle Griffin (@kylegriffin1) August 16, 2017
WSJ reporting: Schwarzman called Trump to tell him council was disbanding. Then Trump tweeted he was disbanding it. https://t.co/zVpTdZvfie
— Nate Becker (@natebecker) August 16, 2017