ICI and Fink Rebuke the Storming of the Capitol
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Thursday, January 07, 2021

ICI and Fink Rebuke the Storming of the Capitol

A fundster trade group and the chief of the world's largest asset manager and ETF shop are denouncing yesterday's Washington, D.C. protests in which demonstrators stormed the U.S. Capitol, interrupting the debate over certifying the results of last year's presidential election.

Eric Pan
Investment Company Institute
President, CEO
"We condemn these acts of violence in our nation's capital," stated Eric Pan, president and CEO of the Investment Company Institute (ICI), which is based in Washington, D.C. "Our elected leaders must call for a swift, clear end to the violence so that Congress can fulfill its Constitutional duties and our nation can continue toward the peaceful transition of power to President-elect Biden on January 20."

Larry Fink, CEO of BlackRock, issued a similar statement, which was picked up (alongside remarks from other high profile CEOs) by Citywire, CNBC, and the Wall Street Journal.

"I condemn in the strongest possible terms the violence at our Capitol today. This is an assault on our nation, our democracy, and the will of the American people," Fink reportedly stated. "The peaceful transfer of power is the foundation of our democracy. We are who we are as a nation because of our democratic institutions and process."

Earlier in the week, Fink was one of several fundster CEOs to join dozens of other business leaders in signing a letter urging Congress to certify Joe Biden and Kamala Harris as the winners of the presidential election. Congress did so early this morning.

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