U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at a advertising marketing campaign event on the Throwback Brewery, in North Hampton, New Hampshire, on September 4, 2024.
Joseph Prezioso | AFP | Getty Images
WASHINGTON — Eighty-eight current and former prime executives from all through firm America have endorsed Vice President Kamala Harris for president in a model new letter shared utterly with .
Among the signers are a lot of high-profile CEOs of public companies, along with Aaron Levie of Box, Jeremy Stoppelman of Yelp and Michael Lynton, chairman of Snap, Inc.
Other signers seem like issuing their first public endorsements of Harris since she grew to grow to be the de facto Democratic nominee in July.
They embrace James Murdoch, the earlier CEO of twenty first Century Fox and an heir to the Murdoch family media empire, and crypto govt Chris Larsen, co-founder of the Ripple blockchain platform.
Other notable signers are philanthropist Lynn Forrester de Rothschild, private equity billionaire José Feliciano, Twilio co-founder Jeff Lawson, and D.C. sports activities actions magnate Ted Leonsis, proprietor of the NBA’s Washington Wizards, WNBA’s Mystics and the NHL’s Washington Capitals.
The three-page itemizing moreover includes a slate of longtime Democratic political donors, like Kleiner Perkins’ John Doerr, Insight companions Deven Parekh and Jeffrey Katzenberg, the earlier chairman of Walt Disney Studios.
Another subset of names are people who’ve supported Harris particularly since her political campaigns in California, identical to the philanthropist Laurene Powell Jobs, Facebook co-founder Dustin Moskovitz and NBA Hall-of-Famer and billionaire businessman Magic Johnson.
More than a dozen of the signers made their fortunes on Wall Street: Tony James, the earlier president and COO of Blackstone and founding father 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.
Still further are distinguished in Silicon Valley, along with the enterprise capitalist Ron Conway, entrepreneur Mark Cuban, and former LinkedIn CEO Reid Hoffman.
After all these, nonetheless, the lion’s share of the 88 signers who endorsed Harris are former CEOs of foremost public companies.
They embrace former PepsiCo CEO Indra Nooyi, Barry Diller of Paramount, Ken Frazier of Merck, Logan Green of Lyft, Blake Irving of GoDaddy, Alan Mulally of Ford, Laxman Narasimhan of Starbucks, and Dan Schulman of PayPal.
A strategic aim
Considering how prolonged the itemizing of names runs, the endorsement letter itself is relatively fast.
“The best way to support the continued strength, security, and reliability of our democracy and economy” is by electing Harris president, the writers say.
They moreover argue that Harris would “continue to advance fair and predictable policies that support the rule of law, stability, and a sound business environment” if she had been president.
The motive for the prolonged itemizing and the short letter is on account of the letter itself was not written to steer most people to vote for Harris.
Instead, it’s aim is to operate a well-timed political current of drive for Harris, who’s locked in a very tight race, with the first presidential debate merely 4 days away.
Both Harris and Trump have spent the earlier week rolling out their dueling monetary visions, ahead of the Sept. 10 debate, hosted by ABC.
Harris outlined proposals to support small businesses that feature a plan to increase a tax deduction for start-up expenses by ten times, up to $50,000.
She additionally proposed lifting the highest capital beneficial properties tax fee to twenty-eight% for folks making greater than $1 million a yr—up from the present 20% fee, however far decrease than the 39.6% degree that President Joe Biden has proposed.
Harris mentioned she dialed again Biden’s high fee, partially, as a result of her aim is to encourage extra private-sector funding.
Trump laid out his personal competing financial agenda on Thursday in New York, the place he referred to as for the creation of a authorities effectivity fee designed to root out fraud.
He additionally pledged to chop the company tax fee from 21% to fifteen% for corporations that make their merchandise within the United States.
Trump has additionally earned help from a lot of distinguished Wall Street and private-sector backers, together with Cantor Fitzgerald CEO Howard Lutnick and Elon Musk, CEO of Tesla and SpaceX.
The letter’s preliminary group will be traced again to 4 high Harris supporters: Roger Altman, senior chairman of Evercore, Blair Effron, co-founder of Centerview Partners, the previous American Express CEO Ken Chenault and Ursula Burns, the previous CEO of Xerox.
The genesis of the mission was described to by an individual acquainted with the method, who was granted anonymity to explain the way it happened.
Altman, Effron, Chenault and Burns organized the hassle, after which introduced the letter to the Harris presidential marketing campaign as a option to showcase the vp’s help throughout the enterprise neighborhood.
The full textual content of the letter and checklist of signatures is under.
We endorse Kamala Harris’s election as President of the United States.
Her election is one of the simplest ways to help the continued power, safety, and reliability of our democracy and economic system. With Kamala Harris within the White House, the enterprise neighborhood will be assured that it’ll have a President who needs American industries to thrive. As a companion to President Biden, Vice President Harris has a robust report of advancing actions to spur enterprise funding within the United States and guarantee American companies can compete and win within the world market. She will proceed to advance honest and predictable insurance policies that help the rule of regulation, stability, and a sound enterprise surroundings, and she is going to attempt to present each American the chance to pursue the American dream.
- Roger Altman, Founder & Senior Chairman of Evercore
- Shellye Archambeau, former CEO of MetricStream
- Carl Bass, former CEO of Autodesk
- Tom Bernstein, President and Co-Founder of Chelsea Piers
- Afasaneh Beschloss, Founder & CEO of Rock Creek
- Jeff Bewkes, former CEO of Time Warner
- W. Michael Blumenthal, sixty fourth U.S. Secretary of the Treasury and former CEO of each Bendix and Unisys
- Rosalind “Roz” Brewer, former CEO of Sam’s Club; former CEO of Walgreens Boots Alliance; former COO of Starbucks
- Ursula Burns, former CEO of Xerox; Chairwoman of Teneo; Founding Partner of Integrum Holdings
- Maverick Carter, CEO of The SpringHill Company
- Ken Chenault, Chairman & Managing Director of General Catalyst; former Chairman & CEO of American Express
- Peter Chernin, Co-Founder & Partner of TCG
- Tony Coles, Chairperson & former CEO of Cerevel
- Tim Collins, Founder, CEO, and Senior Managing Director of Ripplewood
- Ron Conway, Founder & Managing Partner of SV Angel
- Robert Crandall, former President and Chairman of American Airlines
- Mark Cuban, Various entrepreneurial endeavors and a “shark” on Shark Tank
- Richelieu Dennis, Founder and Executive Chair of Sundial Group of Companies
- Barry Diller, Chairman & Senior Executive of IAC and Senior Executive of Expedia; Former Chairman and CEO of Paramount Pictures and Fox, Inc.
- John Doerr, Chairman of Kleiner Perkins
- Arnold Donald, former CEO of Carnival Corporation
- Blair Effron, Partner & Co-Founder of Centerview Partners
- José E. Feliciano, Co-Founder and Managing Partner of Clearlake Capital Group
- David P. Fialkow, Co-Founder & Managing Director of General Catalyst
- Anne Finucane, former Vice Chair of Bank of America
- Lynn Forester de Rothschild, Chief Executive of E.L. Rothschild
- Ken Frazier, former Executive Chairman, President & CEO of Merck
- Mark Gallogly, Co-Founder and Managing Principal of Three Cairns Group; Co-Founder of Centerbridge Partners
- Chad Gifford, Former Chairman of Bank of America
- David Grain, Founder and CEO of Grain Management
- Logan Green, Chairman and former CEO of Lyft
- Daniel J. Halpern, Co-founder and CEO of Jackmont Hospitality
- Bruce Heyman, Former U.S. Ambassador to Canada and former Managing Director of Private Wealth at Goldman Sachs
- Mellody Hobson, Co-CEO and President of Ariel Investments; Chairman of Starbucks
- Roger Hochschild, former CEO and President of Discover Financial Services
- Reid Hoffman, Partner at Greylock Partners and Co-Founder and Executive Chairman of LinkedIn
- Glenn Hutchins, Chairman of North Island or Co-Founder of Silver Lake
- Blake Irving, former CEO of GoDaddy
- Tony James, former President, CEO & Executive Vice Chairman of Blackstone; Founder of Jefferson River Capital
- David Jacobson, Senior Advisor and former Vice Chair of BMO Financial Group; Former U.S. Ambassador to Canada
- Earvin “Magic” Johnson, Chairman and CEO, Magic Johnson Enterprises
- Brad Karp, Chairman of Paul, Weiss
- Jeffrey Katzenberg, Founder & Managing Partner of WndrCo
- Ellen Kullman, President and CEO of Carbon3; former Chair and CEO of DuPont
- Todd Lachman, Founder of Sovos Brands
- Chris Larsen, Co-Founder and Executive Chairman of Ripple
- Jeff Lawson, former CEO of Twilio
- Ted Leonsis, CEO of Monumental Sports & Entertainment
- Aaron Levie, Co-Founder & CEO of Box
- Ed Lewis, former Chairman and CEO of Essence Communications, co-founder Essence Magazine
- William M. Lewis, Jr.
- Michael Lynton, Chairman of Snap, Inc., former CEO of Sony Entertainment
- Tracy V. Maitland, President and Chief Investment Officer of Advent Capital Management
- Helena Maus, CEO of Archetype and Marker Collective
- Marissa Mayer, co-founder and CEO of Sunshine Products, former CEO of Yahoo!
- T.J. McGill, Co-Founder of Evergreen Pacific Partners and Suzanne Sinegal McGill, Co-Founder of Rwanda Girls Initiative
- Danny Meyer, Founder & Executive Chairman of Union Square Hospitality Group
- Dustin Moskovitz, Co-founder and CEO of Asana
- Alan Mulally, former CEO of Ford
- Anne Mulcahy, former Chairman and CEO of Xerox
- James Murdoch, Founder & CEO of Lupa Systems; former CEO of twenty first Century Fox
- Laxman Narasimhan, former CEO of Starbucks
- Indra Nooyi, former Chairman and CEO of PepsiCo
- Peter Orszag, former Director of the United States Office of Management and Budget and CEO of Lazard
- Deven J. Parekh, Managing Director of Insight Partners
- Sean Parker, Founder of Napster; Founder and Chairman of Parker Institute for Cancer Immunotherapy
- Charles Phillips, Co-founder and Managing Partner of Recognize; former President of Oracle and former CEO of Infor;
- Laurene Powell Jobs, Founder and President of Emerson Collective
- Penny Pritzker, thirty eighth U.S. Secretary of Commerce; founder and Chairman of PSP Partners
- Vasant Prabhu, former CFO and Vice-Chair of Visa
- Spencer Rascoff, Founder and CEO of 75 & Sunny Ventures; Co-Founder and former CEO of Zillow
- Punit Renjen
- Rachel Romer, Founder of Guild Education
- Robert Rubin, former U.S. Treasury Secretary; Senior Counselor at Centerview Partners
- Kevin P. Ryan, Co-founder, MongoDB, Business Insider, GILT Groupe, Zola, Pearl Health, Affect Therapeutics, and Transcend Therapeutics
- Faiza J. Saeed
- Dan Schulman, former President & CEO of PayPal
- Jim Sinegal, Co-Founder and Former CEO of Costco
- Dan Springer, former CEO of Docusign
- Tom Steyer, Founder and former Co-Senior-Managing-Partner of Farallon Capital
- Jeremy Stoppelman, CEO of Yelp
- Scott Stuart, Founding & Managing Partner of Sageview Capital
- Larry Summers, 71st United States Secretary of the Treasury and President Emeritus of Harvard University
- Hamdi Ulukaya, Founder & CEO of Chobani
- Daniel Weiss, Co-Founder and Managing Partner of Angeleno Group
- Steve Westly, Founder and Managing Partner of The Westly Group
- Ron Williams, former CEO of Aetna
- Robert Wolf, former CEO of UBS Americas
