24 Nov 2020
Some of America’s highest profile business leaders are demanding Donald Trump starts the transition to Joe Biden’s administration, saying further delays put at risk the country’s efforts to control the public health and economic crises caused by the pandemic.
On Monday evening Larry Fink, chairman and chief executive of BlackRock, and David Solomon, chairman and chief executive of Goldman Sachs, joined more than 160 executives flagging their concern in a letter organised by the non-profit organisation Partnership for New York City.
“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,” according to the letter.
“Withholding resources and vital information from an incoming administration puts the public and economic health and security of America at risk.”
A group of Democratic state Attorneys General thought the New York executives would “have influence in convincing Republicans around the country that this should be over, that the transition should be acknowledged, and that it was a frightening proposition that this would remain unresolved,” Kathryn Wylde, CEO of the Partnership for New York City, told The New York Times.
Tim Ryan, U.S. chair of PwC and one of the letter’s signatories, said the transition had become a concern for business because of “the tremendous task ahead.”
In response Donald Trump said his administration would begin working with Joe Biden’s transition team, but pledged to continue contesting losing the election.
On Twitter he said he had recommended that the General Services Administration, the agency that provides transition resources, “do what needs to be done with regard to initial protocols.”