US business leaders call for peaceful transfer of power

[BlueWavePsych]

Source: Financial Times

Executives from across US industry called for a peaceful transfer of power as Donald Trump refused to concede the presidential election to Democrat Joe Biden.

“Now is a time for unity,” said Jamie Dimon, chief executive of JPMorgan Chase, the nation’s largest bank by assets. “We must respect the results of the US presidential election and, as we have with every election, honour the decision of the voters and support a peaceful transition of power.”

Bill Ackman, the billionaire hedge fund manager, advised Mr Trump to admit defeat.

“There comes a time in the battle when one should fold the tent,” he wrote on Twitter. “Think about your legacy and what’s best for the country. Concede graciously and call for unity from all who have supported you.”

Read more: https://www.ft.com/content/0df2cc72-69e8-41a1-925a-b0bd4a9aec15

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Concede now!

[lisa58]

1. This could help - though Michael Cohen is on and he says...

He will never admit loss or failure

[FormerOstrich]

2. He won't ever admit it

but he will deal with it. He has had nothing but one failure after another his entire life. He just claims it isn't so and ups the ante for the next mark.

[lisa58]

3. Which is why we are so exhausted...

[NoRoadUntravelled]

4. When a president is so unstable and prone to volatility that business leaders must

plead with him to obey the law of the land, when his own advisors are fretting over "who should tell him", it proves everything we've been saying about Trump all along. He is not suitable for the office which he holds. He is not up to the task. His dangerous instability is a threat to Democracy.

[onetexan]

5. Precisely which is why this lame duck period is so

Fraught.

[NoRoadUntravelled]

13. Exactly.

While there's a bright light at the end of the tunnel thanks to the Biden/Harris win, the US is still vulnerable due to his whims and mental instability coupled with the sycophants and fearful ones who are afraid to do the right thing and say no to him.

[C Moon]

6. If it continues, Biden should go to Pennsylvania Ave

Stand out in front of the fence, and with a megaphone say, “Mr. Trump, tear down this wall.”

[alwaysinasnit]

7. Weren't these the same assh*les that were just fine with 45's divisive policies?

[mathematic]

8. No, they're both democrats

Though jamie dimon says he's barely one.

Bill Ackman is a pretty typical democratic finance guy.

I suppose their statements for trump to accept the loss and move on would mean more had they been trump supporters.

[alwaysinasnit]

9. "Democrat," like when Trump registered as a Democrat between 2001 and 2009?

Party affiliation seems pretty fluid. (BTW, I am not trying to be snarky. It is more in the nature of being a cynic.)

[mathematic]

10. No, democrat as in democrat

Why is it so crazy to believe that there are business leaders that are democrats? Don't you always see people on DU make the argument that it is democrats that are actually best for business? Do you think these arguments are just rhetoric meant to persuade and are actually false? If not, then is it so surprising that some business leaders agree with those arguments?

Besides, there are a ton of issues that have little to do directly with business or the economy that the democrats support and republicans oppose, like civil rights, working with international allies, supporting immigration, and fighting global warming that may make business leaders democrats rather than republicans, even if they disagree with tax policy or specific regulations.

[alwaysinasnit]

11. I would have less trouble applauding the current call for unity if I had seen them decrying some

of 45's rhetoric before he lost the election. And yes, I do believe some might have progressive tendencies. However, given their visibility, influence, and platform, I would have given them a whole lot more credit if they would have spoken up before now, especially during the unrest triggered by George Floyd's murder.

[mathematic]

14. Uh, they did.

Here's one about Dimon and other bankers on Floyd: https://www.bloomberg.com/news/articles/2020-05-29/dimon-asks-jpmorgan-staff-to-help-fight-racism-after-floyd-death

Here's one about Ackman specifically directing a $4B investment deal towards minority owned or operated financial firms this year: https://www.forbes.com/sites/antoinegara/2020/06/22/billionaire-bill-ackman-hires-minority-owned-investment-banks-to-co-lead-4-billion-deal/?sh=333ed3cf4674

If you're getting your news primarily from DU or self-identified progressive sources you're not ever going to get news that paints these men as anything other than "assholes", to use your description. That's a problem with highly ideological information bubbles on the internet.

I'm sure you can find stories on their covid positions, what they think of global warming, immigration, and working with our international allies too. Here's a hint, they're all in line with core liberal democratic values.

[alwaysinasnit]

15. Thank you for those links!

[BlueWavePsych]

16. Thank you!

[TexasBushwhacker]

12. Some people in business are out for the quick buck

Some play the long game. The Democrats play the long game. The business people who are concerned about nothing but quarterly profits, even if it means laying off 20K employees, are the Republicans.

[sandensea]

17. The kind of headline one normally reads in Bolivia or the Congo

Such is civic life under The Orange One.

[Nitram]

18. The fact that US business leaders calling for a "peaceful transfer of power" is really a thing

blows my mind. No, this must be The Onion.

[nuxvomica]

19. Trump is a prisoner of his own nature

He won't do the right thing even when it's for his own benefit.