Another one bites the dust. On Friday, August 18, billionaire investor Carl Ichann announced that he will be stepping down as a special adviser to President Trump on regulatory-reform issues.

Ichann wrote a letter to the public in which he stated that he and the president agreed that he would terminate the role. While some CEOs and well-known figures depart from Trump’s councils because they disagree with what he stands for, Ichann is simply ceasing the role because he didn’t want “partisan bickering about my role” to cloud the administration or the work of Neomi Rao, who is Trump’s regulatory czar.

Icahn formed Icahn & Co. in 1968, and the firm was a big player in many corporations over the years, shifting their directions, typically by proposing changes in the way they were run or urging them to sell off divisions. Icahn was one of Trump’s earliest backers on Wall Street.

Numerous CEOs and noted Trump allies have shed any official relationship with the president in the wake of Trump’s comments about the Charlottesville, Virginia riot.

That said, we do not know if Trump’s reaction to the violence in Charlottesville played any role in this decision. Though he did not mention it, the timing of the departure has to make some wonder.

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