From a ban on social media to postponed golf tournaments, the collapse in corporate America continues after U.S. President Donald Trump urged his supporters to block the certification process election at the U.S. Capitol building last week.
The ensuing uprising left five people dead and caused extensive damage. Now, Trump is opposed to his dismissal and the lawmakers voted to block President Joe Biden’s testimony against the downfall of companies under pressure to respond.
It’s a big blow for Trump, a man who made the business acumen and physical connections at the heart of his image and his time in office. But the Trump brand is fast growing as a concern as Americans urge companies to stand up to the violence. Here is the latest one.
Sports Clubs
Trump made no secret of his love of golf, but the American Association of Professional Golfers (PGA) announced Monday that he was pulling his 2022 champion from the golf course run by the president and his family. himself in Bedminster, New Jersey.
“It has become clear that Trump Bedminster’s PGA Tournament would damage America’s PGA brand, jeopardize PGA’s ability to deliver many of our programs and sustain the longevity of our mission,” said Head American PGA President Jim Richerson said in a video statement.
“Our board has therefore decided to use the right to terminate the contract to host the 2022 PGA Championship at Trump Bedminster,” he said.
US President Donald Trump, an avid multi-course golfer, had postponed the PGA 2022 tournament that they planned to hold at his New Jersey venue [File: Joshua Roberts/Reuters]Colleges and universities
Two higher education institutions – Lehigh University in Pennsylvania and Wagner College in New York – have announced the removal of honorary degrees previously awarded to Trump.
Wagner College’s board of trustees held a special session to revoke Trump’s degree Friday, he said in a statement.
Lehigh ‘s leadership announced that it had done the same thing – reversing the honorary step Trump has held since 1988.
Social media platforms
Twitter said it has permanently suspended Trump’s account “because of the risk of inciting further violence,” the company said in a statement Friday.
Several global leaders and U.S. politicians welcomed the move, while others – including Trump critics – hailed the action as a political stimulus and a break from free speech.
Facebook, which owns the Instagram photo-sharing app, announced it was blocking Trump’s account “forever” on Thursday, the day after Trump supporters hacked the U.S. Capitol building in a mob violent, disorderly.
“We think the risks of allowing President Trump to continue to use our service during this time are just too great, so we are expanding the bloc we have put in place. on his unlimited Facebook and Instagram accounts and for at least the next couple of weeks, “Facebook CEO Mark Zuckerberg wrote in his post explaining the decision.
U.S. President Donald Trump’s Twitter account has been suspended following U.S. Capitol violence [File: Joshua Roberts/Illustration/Reuters]Hospitality industry
Marriott International Inc. hotel chain said it would suspend political donations to Republican lawmakers who voted against confirming the impact of Biden’s election, Bloomberg News reported.
“We have weakened the devastating events at the Capitol to consider a just and fair election and will stop giving political from our Political Action Committee to those who voted against the election certificate,” a Marriott spokesman said. .
Big banks
All three major banks are reconsidering their political donation policies in the wake of the violence at the Capitol, Bloomberg News reported, with JPMorgan Chase & Co planning a six-month ban on donations to all Republicans and Democrats.
Citigroup Inc has banned all political donations for the quarter, Bloomberg reported, and Goldman Sachs Group Inc is likely to implement a policy that bans donations to lawyers was against proving Biden’s win.
“We want to make sure that we do not support candidates who do not respect the rule of law,” Citi’s head of global government affairs, Candi Wolff, said in a memo to employees seen by Bloomberg.
Morgan Stanley suspended donations to political action committees of candidates who voted against validating the results but did not block donations across the board, the New York Times reported.
Health insurance companies
The Blue Cross Blue Shield Association, which has 36 member companies providing health insurance to one in three Americans, has announced it is suspending donations to opposing lawyers to confirm the effect of Biden.
“As a result of this week’s violent, horrific attack on the United States Capitol, and the votes of some members of Congress to reverse the results of the November election by challenging the results of the Electoral College, BCSBA will suspend has voted grants to these lawyers to destroy our democracy. , ”The association’s president and CEO Kim Keck said in a statement.
Purchasing and payment platforms
Shopify Inc, a Canadian-based online sales platform, shut down two Trump-affiliated stores Thursday, including TrumpStore.com and Shop.DonaldJTrump.com.
Both sold some of the president’s signature products – such as his “Make America Great Again” hats, which were ubiquitous during the Capitol unrest.
Online payment company Stripe also announced it would no longer process payments for the Trump campaign website, The Wall Street Journal reported Sunday.