Business Executives To GOP: Start Transition Now Or We Won’t Fund Georgia Run-Offs

by | 7 months ago | Top Stories | 0 comments

According to The New York Times, more than 100 chief executives plan to ask the Trump administration to immediately acknowledge that Joe Biden won the election and begin the transition process.

The draft letter, reviewed by The Times, cites damage being done to the country by President Trump’s refusal to accept his electoral loss.

Some executives have discussed withholding campaign donations from Sens. Kelly Loeffler and David Perdue, both Georgia Republicans, ahead of their runoff elections in January until the transition begins — elections that will determine the balance of power in the Senate.

The draft letter states: “Every day that an orderly presidential transition process is delayed, our democracy grows weaker in the eyes of our own citizens and the nation’s stature on the global stage is diminished. Withholding resources and vital information from an incoming administration puts the public and economic health and security of America at risk.”

Even one of Mr. Trump’s stalwart supporters, Stephen A. Schwarzman, the chief executive of Blackstone, the private equity firm, said in a statement that “the outcome is very certain today and the country should move on.” While he did not sign a letter to the administration prepared by the other executives, he said he was “now ready to help President-elect Biden and his team.”

Signatories to the letter will include Jon Gray, Blackstone’s president; Henry R. Kravis, the co-chief executive of KKR, another private equity giant; Julie Sweet, chief executive of Accenture; and George H. Walker, the chief executive of the money manager Neuberger Berman and a second cousin to President George W. Bush.

Read the full report.

Image credit: Official White House Photo by Tia Dufour / Public Domain

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