CEOs Send Strong Rebuke of Capitol Riot as Multiple Trump Staffers Resign

Mandatory Credit: Photo by Timothy D Easley/AP/Shutterstock (10996243f)Senate Majority Leader Mitch McConnell, R-Ky.
Timothy D Easley/AP/Shutterstock / Timothy D Easley/AP/Shutterstock

In the wave of the violence and insurgence at the U.S. Capitol in Washington, D.C. yesterday, which left four people dead, Trump’s administration – many of whom make hefty salaries – is seeing a slew of resignations.

See: Why Wall Street Had a Good Day Wednesday Despite Chaos at the Capitol
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The first to announce her resignation last night was Melania Trump’s chief of staff and former White House press secretary Stephanie Grisham. This was followed by deputy press secretary Sarah Matthews and White House social secretary Rickie Niceta. According to the 2020 Annual Report to Congress of White House Personnel, Grisham’s salary was $183,000, Matthews’ was $106,000 and Niceta’s was $168,000.

Grisham tweeted last night that “It has been an honor to serve the country in the White House. I am very proud to have been a part of FLOTUS Melania Trump’s mission to help children everywhere, & proud of the many accomplishments of this Administration. Signing off now – you can find me at @OMGrisham.”

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Transportation Secretary and wife of Senate Majority Leader Mitch McConnell Elaine Chao resigned today, as did Mick Mulvaney, Trump’s former chief of staff resigned as special U.S. envoy to Northern Ireland. “I called [Secretary of State] Mike Pompeo last night to let him know I was resigning from that. I can’t do it. I can’t stay,” Mulvaney told CNBC. “Those who choose to stay, and I have talked with some of them, are choosing to stay because they’re worried the president might put someone worse in.” His 2019 salary was $203,500, according to the White House personnel report.

Deputy National Security Adviser Matthew Pottinger (annual salary $183,000, according to the report) also resigned last night, as well as Ryan Tully, the National Security Council’s senior director for European and Russian affairs.

See: What a Biden Presidency Means for Your Wallet
Find: Leaders from the NBA, Goldman Sachs and Nearly 200 Top Companies Urge Congress to Certify Election Results

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With just 13 days left for the administration and increasing calls to invoke the 25th amendment to remove the President from office, additional resignations are expected in the coming days.

Business leaders are also denouncing the violence and the National Association of Manufacturers, one of the country’s largest lobbying groups, also asked Vice President Mike Pence to consider invoking the 25th Amendment. The Business Roundtable, a group of CEOs from the nation’s largest companies also issued a statement.

“The chaos unfolding in the nation’s capital is the result of unlawful efforts to overturn the legitimate results of a democratic election,” according to the statement. “After the unconscionable and tragic events we witnessed, it could not be clearer that it is time for the nation and lawmakers to unite around President-elect Biden and Vice President-elect Harris. It is only together that we can move forward to successfully confront our nation’s many challenges, chief among them ending the pandemic and ensuring a safe and rapid economic recovery.

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About the Author

Yaël Bizouati-Kennedy is a full-time financial journalist and has written for several publications, including Dow Jones, The Financial Times Group, Bloomberg and Business Insider. She also worked as a vice president/senior content writer for major NYC-based financial companies, including New York Life and MSCI. Yaël is now freelancing and most recently, she co-authored  the book “Blockchain for Medical Research: Accelerating Trust in Healthcare,” with Dr. Sean Manion. (CRC Press, April 2020) She holds two master’s degrees, including one in Journalism from New York University and one in Russian Studies from Université Toulouse-Jean Jaurès, France.
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