Tuesday, July 23, 2024

Wall Street's CEOs Back Harris


Kamala Harris is quickly winning Supporters with Top Rungs of High Finance joining Her “KHive” of Online Fans. Lazard President Ray McGuire says She's just getting started.

Harris, who vowed to “Earn and Win” the Nomination, has quickly gotten deep-pocketed Democrats on board, including Evercore Founder Roger Altman, who said on CNBC Monday that He’s Pledged His support for Her. George and Alex Soros, longtime Democratic Mega-Donors, were among the First to back Harris after Biden’s Announcement.

Marc Lasry, the Billionaire Chief Executive of Avenue Capital Group, will also Support Harris. He Hosted an Eevent for Her at his New York apartment, during the last Ppresidential cycle and probably will again.

Frank Baker, who runs a Private Equity firm focused on Tech, is also planning on backing Her. He hosted a Fundraiser for Harris in 2019 at His Southampton Home.

“I wanted a candidate who earned the nomination. And in 24 hours Kamala showed me — showed us all — that she can mobilize the base,” said Christina Lewis, Founder of Multi-Family Office Beatrice Advisors. “Kamala can get people running to the polls. I am 100% behind her.”

It all amounts to a Swift and Orderly Pivot for the Party, which was staring down a potentially Chaotic few weeks ahead of the Democratic National Convention (DNC) if, as some Donors preferred, there was an Open Contest among Harris and other High-Profile Governors and Elected Officials.

Instead, many State Delegations that had been bound to Biden are lining up behind Harris. She was about halfway toward the Number of Delegates She needs to clinch the Nomination as of noon on Monday. But with California, She has enough Votes for the Nomination.

Meanwhile, Donor Money is pouring in from the KHive, a play on Beyoncé’s “Beyhive”, and beyond. Harris raised oer $100 million, according to Her Campaign.

“The enthusiasm for fundraising is something I have never seen before — the number of people who have reached out to host or co-host an event or raise money, is astounding,” said Jon Henes, CEO of C Street Advisory Group and Harris’ National Finance Chair for Her previous Presidential Run.

Some Big Donors who preferred an Open Convention, said they’d want to see Harris’ Running Mate, and whether that Person would tip the scales toward Democrats in crucial Swing States, before Endorsing Her.









NYC Wins When Everyone Can Vote! Michael H. Drucker


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