Real estate execs, business leaders urge Trump to begin transition

Delaying President-elect Biden’s transition will harm country, execs argue

National /
Nov.November 23, 2020 12:20 PM
From left: President Donald Trump, Blackstone's Jonathan Gray and Tishman Speyer's Rob Speyer (Getty)

From left: President Donald Trump, Blackstone’s Jonathan Gray and Tishman Speyer’s Rob Speyer (Getty)

More than 100 business leaders have signed a letter demanding that President Donald Trump’s administration cease its challenges to the presidential election and let President-elect Joe Biden’s transition begin.

Tishman Speyer CEO Rob Speyer, Blackstone president Jon Gray and KKR co-CEO Henry R. Kravis are among the real estate and business leaders who plan to sign the letter, according to the New York Times.

In light of the Trump administration’s continued challenges to the election results, Emily Murphy, head of the General Services Administration, has declined to issue a letter affirming that Biden and Vice President-elect Kamala Harris have won the election. Without the letter, Biden and his team can’t access resources and money set aside for an incoming administration to prepare for the transition.

“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,” a draft of the letter reviewed by the Times stated. “Withholding resources and vital information from an incoming administration puts the public and economic health and security of America at risk.”

Blackstone chairman and CEO Stephen Schwarzman, who has been a staunch Trump defender, didn’t sign the letter, but he said in a statement to the Times that “the outcome is very certain today and the country should move on.”

The business executives’ move came following a meeting of Democratic state attorneys general on Thursday evening. After the meeting, New York AG Letitia James approached business leaders in the city about possible efforts to move the transition forward.

During the conversation, Speyer reportedly said that some wealthy donors had been considering withholding support from Republican Senators Kelly Loeffler and David Perdue of Georgia, both of whom are facing run-off elections against Democratic challengers, until the presidential transition is underway.

In a statement, James said, “This isn’t about partisan politics, but about protecting our democracy.”

“Without the rule of law and an orderly transfer of power, everything from commerce to health care delivery to national security is in peril, and our business leaders can see that as clearly as the rest of us,” she added.

[NYT] — Akiko Matsuda


Related Articles

arrow_forward_ios
House republicans Kevin McCarthy, Blaine Luetkemeyer and Steve Scalise have all received more than $100,000 from real estate PAC donations. (Getty)

Real estate trade groups reconsider donations after Capitol unrest

Real estate trade groups reconsider donations after Capitol unrest
Airbnb Brain Chesky and President-elect Joe Biden (Getty)

Airbnb cancels all DC-area bookings for inauguration week

Airbnb cancels all DC-area bookings for inauguration week
Walmart suspends political contributions to GOP lawmakers who opposed President-elect Joe Biden’s election certification (iStock; Getty)

Walmart cuts off cash to pols who opposed election certification

Walmart cuts off cash to pols who opposed election certification
President Donald Trump (Getty)

Banks, business partners cut Trump Org ties after Capitol attacks

Banks, business partners cut Trump Org ties after Capitol attacks
From left: Sen. Roger Marshall, Sen. Josh Hawley, Sen. John Kennedy, Sen. Ted Cruz and Senator Cindy Hyde-Smith (Getty, iStock)

National Association of Realtors among biggest donors to “sedition caucus”

National Association of Realtors among biggest donors to “sedition caucus”
From left: Donald Trump, Goldman Sachs’ David Solomon and Marriott CEO Arne Sorensen (Getty)

Banks join Marriott in halting political contributions after Capitol riot

Banks join Marriott in halting political contributions after Capitol riot
JLL CEO Christian Ulbrich, Trump International Hotel in Washington DC and Donald Trump (Getty; Trump Hotels)

JLL backs out of selling Trump’s DC hotel

JLL backs out of selling Trump’s DC hotel
Libby Andrews (Photo via @properties)

@properties agent fired after “storming” US Capitol

@properties agent fired after “storming” US Capitol
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...