US business leaders call for peaceful transfer of power

US business leaders call for peaceful transfer of power

Executives take public stand as Donald Trump refuses to concede to Joe Biden

Executives from across US industry called for a peaceful transfer of power as Donald Trump refused to concede the presidential election to Democrat Joe Biden.

“Now is a time for unity,” said Jamie Dimon, chief executive of JPMorgan Chase, the nation’s largest bank by assets. “We must respect the results of the US presidential election and, as we have with every election, honour the decision of the voters and support a peaceful transition of power.”

Bill Ackman, the billionaire hedge fund manager, advised Mr Trump to admit defeat.

“There comes a time in the battle when one should fold the tent,” he wrote on Twitter. “Think about your legacy and what’s best for the country. Concede graciously and call for unity from all who have supported you.”