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Tuesday, January 05, 2021

Fundsters Urge Congress to Accept the Election Results

Reported by Neil Anderson, Managing Editor

Several fundster chiefs, and some heads of parents of mutual fund firms, are calling on legislators to recognize that "this presidential election has been decided."

Mehdi Asif Mahmud
First Eagle Investment Management, LLC
President, CEO
Yesterday, the Partnership for New York City issued a statement urging Congress to certify the electoral vote tomorrow, writing that "President-elect Joe Biden and Vice President-elect Kamala Harris have won the Electoral College and the courts have rejected challenges to the electoral process." The open letter was signed by dozens of business leaders, including fundsters like: Seth Bernstein, president and CEO of AB; Alexander Farman-Farmaian, vice chairman and PM at Edgewood Management; Larry Fink, chairman and CEO of BlackRock; Mehdi Mahmud, president and CEO of First Eagle Investment Management; and George Walker, chairman and CEO of Neuberger Berman.

The letters was also signed by several leaders of parents of asset managers, including: Brian Duperreault, CEO of AIG; Ken Jacobs, chairman and CEO of Lazard; Ted Mathas, chairman and CEO of New York Life; Alan Schwartz, executive chairman of Guggenheim Partners; and David Solomon, chairman and CEO of Goldman Sachs.

The folks at Business Roundtable, the National Association of Manufacturers, and the U.S. Chamber of Commerce issued similar statements yesterday, too. 

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