And perhaps to get 88 corporate endorsements.Eighty-eight current and former top executives from across corporate America have endorsed Vice President Kamala Harris for president in a new letter shared exclusively with CNBC.
Among the signers are several high-profile CEOs of public companies, including Aaron Levie of Box, Jeremy Stoppelman of Yelp and Michael Lynton, chairman of Snap.
[...]
They include James Murdoch, former CEO of 21st Century Fox and an heir to the Murdoch family media empire, and crypto executive Chris Larsen, co-founder of the Ripple blockchain platform.
Other notable signers are philanthropist Lynn Forester de Rothschild, private equity billionaire José Feliciano, Twilio co-founder Jeff Lawson, and D.C. sports magnate Ted Leonsis, owner of the NBA’s Washington Wizards, WNBA’s Mystics and the NHL’s Washington Capitals.
[...]
More than a dozen of the signers made their fortunes on Wall Street: Tony James, former president and COO of Blackstone and founder of Jefferson River Capital; Bruce Heyman, former managing director of private wealth at Goldman Sachs; Peter Orszag, CEO of Lazard; and Steve Westly managing director of the Westly Group and a former Tesla board member.
[...]
Considering how long the list of names runs, the endorsement letter itself is relatively short.
“The best way to support the continued strength, security, and reliability of our democracy and economy” is by electing Harris president, the writers say.
[...]
The reason for the long list and the short letter is because the letter itself was not written to convince the general public to vote for Harris.
Instead, its purpose is to serve as a well-timed political show of force for Harris, who is locked in a very tight race, with the first presidential debate just four days away.
[...]
[Harris] proposed lifting the top capital gains tax rate to 28% for people making more than $1 million a year — up from the current 20% rate, but far lower than the 39.6% level that President Joe Biden has proposed.
Harris said she dialed back Biden’s top rate, in part, because her goal is to encourage more private sector investment.
CNBC
At any rate, SOME corporate owners at least realize that their future depends on global stability and a middle class, two things that will not exist if Trump is elected. Those who are pushing Trump perhaps are only concerned with their short-term profits.
...but hey, do what you want...you will anyway.
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