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Friday, January 8, 2021

More Fundsters Decry Wednesday's Riot In D.C.

Reported by Neil Anderson, Managing Editor

More fundster chiefs are speaking up about the Wednesday protests in Washington, D.C. that culminated with a crowd storming the U.S. Capitol building.

Jose Minaya
Jose Minaya, CEO of Nuveen, called on politicians to "come together to heal America" in light of the "tragic events in our nation's Capitol." Minaya's boss, outgoing TIAA president and CEO Roger Ferguson, echoed Minaya's concerns about "the disheartening events at the U.S. Capitol."

Bob Reynolds, president and CEO of Putnam Investments, shared his "shock, disgust, and disdain."

"To see our government's hallowed halls vandalized and desecrated by an angry mob of rioters was an affront to our core beliefs as Americans," Reynolds wrote. "This act of complete lawlessness and disregard for the safety of others and utter disrespect for the heartbeat of our nation cannot be condemned loudly or strongly enough."

Kevin Birzer, CEO of TortoiseEcofin, stressed the importance of a "peaceful transition" of power and wrote that he and his colleagues "strongly denounce the acts of violence" at the Wednesday protest.

Marty Flanagan, president and CEO of Invesco, described the protest as an "unprecedented attack on our nation's Capitol." He, too, emphasized the importance of ensuring "a peaceful transition of power."

"I condemn in the strongest possible terms this assault on the democratic institutions that have served for nearly 250 years as a beacon for people around the globe," Flanagan wrote. "I was also heartened to see Congress reconvene after the attack to complete the critical task of certifying the election results."

Lisa Woll, CEO of US SIF (the Forum for Sustainable and Responsible Investment), noted that the trade group's offices are "within blocks of the White House," and revealed that the city's government had warned office workers in central downtown "to stay away on Tues & Wed because of fear of violence." She also described a contrast with the law enforcement response to different protests half a year ago.

Ron O'Hanley, chairman and CEO of State Street (parent of SSGA), wrote that, "whatever one's political beliefs, any attempt to overturn the results of a legitimate election must be universally condemned."

"Our democratic system is an idea and an ideal that relies on the rule of law and the peaceful transition of power to sustain itself," O'Hanley shared. "We call on all of our country's leaders to come together, reject this violence and preserve the foundations of our democracy in order to serve the American people and unify these United States."

Walt Bettinger, president and CEO of Charles Schwab (parent of Charles Schwab Investment Management), shared that "violence, takeovers or intimidation are never the answer to challenges or issues facing us as individuals or as a nation."

"As a law abiding citizen, I believe what happened yesterday must never happen again — in Washington, D.C. or anywhere in our country," Bettinger wrote.

Manny Roman, CEO of Pimco and Dan Ivascyn, group chief investment officer, stated that they're "disturbed and saddened," describing the storming of the Capitol as "an attack on our intstitutions and the values of democracy which guide us." 

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