The CEOs who abandoned President Donald Trump's business councils had to think of their companies first, former LVMH CEO Mark Weber told CNBC on Thursday.
Top business executives disbanded the Strategy & Policy Forum on Wednesday in response to Trump's reaction to the deadly white supremacist rally in Charlottesville, Virginia. Several CEOs also quit the president's manufacturing council before Trump dissolved it.
In an interview with "Closing Bell," Weber said it was time for them to walk away.
"It's unfortunate. These people came to Washington trying to help the government. What's going on now, they can't. So they have to walk away because their No. 1 priority is to protect the brand they represent," he said.