November 2, 2024
WASHINGTON – This week, the Business and Democracy Initiative (BDI) hosted two briefings featuring former Treasury Secretary Robert E. Rubin and former American Express CEO and General Catalyst Chairman Ken Chenault discussing the critical role of businesses in protecting American democracy and implications for business owners - one event was national with over 700 registrants and the other was focused on Pennsylvania with over 300 registrants. These briefings build on BDI’s ongoing work that underscores how business leaders can lead by example and support a thriving democracy and economy. “As business leaders, we understand the value of stability and trust—and this election is fundamentally a choice between chaos and stability for our country,” said Ken Chenault, Chairman of General Catalyst and former CEO of American Express. “The business community must continue to take a stand, recognizing that without a strong democracy, American business cannot thrive. This is not a political or partisan issue; it’s about upholding democratic principles that transcend party lines and sustain our economy and society. I am proud of the business leaders stepping forward to ensure a secure, fair election process for all Americans.” “Business leaders have experienced firsthand the impacts of democracy becoming increasingly politicized. Rather than viewing democracy through a partisan lens, we should treat it as a shared value that both Democrats and Republicans can coalesce around –– that’s been the foundation of our nation for over 250 years,” said Robert E. Rubin, former U.S. Secretary of the Treasury. “We must recognize and combat the damage that politicizing democracy does, much like what we’ve seen with the idea of patriotism. Beyond this election, it’s crucial for business leaders to step up, engage with government and reinforce the democratic principles that support our society and economy.” “The business community stands united in its commitment to protect democracy as a cornerstone of economic stability,” said Daniella Ballou-Aares, CEO of Leadership Now Project. “We’ve already seen strong, proactive leadership from business leaders, especially in closely contested states like Wisconsin and Arizona, who are reinforcing respect for the election process and support for election officials. This election season, hundreds of business leaders have taken public stands, signed calls for safe and secure elections, and engaged their networks to uphold the rule of law. Together, we’re demonstrating that respecting the democratic process is the most important economic policy we can promote.” “Economic opportunity is closely tied to the strength of our democracy. When democratic rights are at risk, it’s often the most vulnerable communities who bear the burden. We must ensure elections remain accessible and fair so that Black communities –– and all communities –– can shape a more equitable economic future,” said Samantha Tweedy, CEO of the Black Economic Alliance. “Despite a polarized climate, CEOs and business leaders are stepping up as trusted voices, ready to make a meaningful impact on the stability of our democracy and economy. The hundreds of business leaders who joined us demonstrated the strong commitment of the business community to act decisively in support of our democratic principles this November.” “As we approach one of the most important elections of our lifetime, leaders like Robert Rubin and Ken Chenault are underscoring the vital role of the private sector in safeguarding democracy,” said Rhett Buttle, Founder and CEO of Public Private Strategies. “Business leaders are trusted voices in their communities, and we know they care deeply about both the economy and democracy. Together with the Black Economic Alliance and Leadership Now Project, we’re building a coalition of business leaders dedicated to protecting democratic institutions and ensuring safe, secure elections. In this pivotal election season, we’re committed to ensuring that business voices remain central in defending democracy and economic resilience.” The briefings come as the business community — including 500 small business owners, over 150 business leaders, and more than 20 leading business associations led by BDI and its founding partners — has pledged to speak out against political violence to protect our democracy and economy. The pledges urge fellow business leaders to protect our elections this November by promoting civic engagement, supporting voter education, and publicly condemning political violence. ### About the Business & Democracy Initiative The Business & Democracy Initiative is a partnership of business leaders dedicated to protecting our elections and rebuilding trust in democratic institutions, because we know that a strong democracy is the cornerstone of a dynamic and inclusive American economy. The Business & Democracy Initiative's founding partners are top business leaders and advocates: the Black Economic Alliance, the Leadership Now Project, and Public Private Strategies. We engage stakeholders across all levels of business to advocate for reforms that strengthen our democracy. As the health and stability of American democracy continue to be under serious threat, the business community is a critical voice in the fight to preserve our free, open, and democratic system.