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Corporate leaders have a ‘real responsibility’ to protect democracy, says Liz Cheney

October 12, 2022, 12:20 PM UTC
Wyoming Rep. Liz Cheney speaks at Fortune's Most Powerful Women summit
Rep. Liz Cheney speaks at Fortune's Most Powerful Women Summit Tuesday.
Kristy Walker for Fortune

Good morning, Broadsheet readers! Melinda French Gates on giving women power, maternity care access decreased over the last two years, and Rep. Liz Cheney warns corporate America against supporting election deniers.

– Real responsibility. Dozens of companies pledged to withdraw financial support from lawmakers and groups denying the outcomes of the 2020 presidential election following the Jan. 6 Capitol insurrection. Now, outgoing Wyoming congresswoman Liz Cheney wants them to stand by their word.

“In the immediate aftermath of Jan. 6, the majority of companies…that contribute to politicians said they would not contribute to people who had voted against [election] certification, they would not contribute to people who tried to minimize the insurrection,” Cheney told Fortune editor-in-chief Alyson Shontell via live stream at the Most Powerful Women summit on Tuesday. “We’ve slowly watched that change. I think we all have a responsibility not to let what happened become normal.”

Cheney, who chairs the Jan. 6 select committee and was one of just 10 House Republicans to vote to impeach former President Donald Trump in January 2021, lost her August primary election to Trump-endorsed Harriet Hageman, who supports election fraud claims. Just hours after losing the primary election, Cheney converted her campaign committee into a PAC aimed at taking on the former president and his allies.

Cheney highlighted Arizona, where election deniers Kari Lake and Mark Finchem won the Republican primaries for the state’s gubernatorial race and secretary of state race, respectively. Cheney has been an outspoken opponent of both candidates, urging Arizona voters to vote for the Democrats running against them. While corporations may be more inclined to support the business policies of Republicans over Democrats, Cheney warned leaders that overlooking election denialism could mean never returning to a place where such policy debates can happen.

“Like all voters, corporate America has a real responsibility to be clear about the kinds of politics that they’re going to reward and incentivize and the kinds of leaders they’re going to reward and incentivize,” Cheney said.

As for her political future, Cheney said she’s primarily focused on the Jan. 6 committee, serving Wyoming through the end of her term, and juggling time with her five kids. When asked by Shontell how she weighed the responsibility of leading the stand against election denialism against her career ambitions, Cheney said she had “never thought about it that way.”

“On Jan. 6, the president of the United States sent a violent mob to the Capitol, to attempt to stop the counting of the electoral votes, to attempt to steal the election. And there’s just no world in which a constitutional republic can sustain itself if we excuse that kind of behavior,” said Cheney. “To me, there never was a decision or a choice because it’s clear what our obligations are.”

Cheney also commended Cassidy Hutchinson, a former aide to Trump White House chief of staff Mark Meadows, and Georgia election workers Shaye Moss and Ruby Freeman for cooperating with the select committee in its investigation into efforts to overturn the 2020 election results.

“There are millions and millions of women whose response to it has been what mine has been, which is [that] we’re not going to stand for this,” she said. “We’re going to do what we have to do to protect the republic for our kids.”

Paige McGlauflin

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- Getting political. Melinda French Gates is funding women business leaders and political candidates ahead of the midterm elections, recently investing $1 billion into her investment firm Pivotal Ventures. “I grew up in a household where my mom always said to me and my sister as a young girl, set your own agenda or somebody else will,” she said. Fortune

- IPO hibernation. IPO activity has fallen from its all-time high in 2021, but New York Stock Exchange president Lynn Martin doesn’t think startups are hibernating. While she cautioned that last year’s record high valuations and dealmaking were as much an outlier as this year’s bear market, she said a median would soon emerge as market volatility calms. Fortune

- Identity economy. Once dismissed as “soft” skills only associated with women, relational skills have become paramount in corporate America as the need for vulnerability increases, says renowned therapist Esther Perel. Fortune

MOVERS AND SHAKERS: Microsoft alum Monica Pool Knox joined low-code data app platform Domo as chief people officer. Capital B, a Black-led nonprofit news organization for Black audiences, hired Charity L. Scott as audience development editor. A.I. analytics company has appointed former IBM executive Mandy Long as its next CEO. Former Sierra Space executive Amy Horan joined connectivity and entertainment solutions provider Anuvu as chief people officer.


- Care desert. About 36% of all U.S. counties are “maternity care deserts,” lacking a hospital or birth center that offers obstetric care or obstetric providers, according to a new report from the March of Dimes. About 5% of U.S. counties reduced maternity care access between 2020 and 2022, while just 3% of counties increased access to care in the same period. CNN

- Everyone out. The entire board and CEO of Hockey Canada will step down following widespread criticism of how the organization handled sexual assault allegations against members of its 2018 men’s national junior team. A virtual election is scheduled for Dec. 17, and an interim management committee will be put in place until the new board appoints a new CEO. CBC

- New face. Pro-choice activists are increasingly featuring men in political ads to help persuade fellow men to support abortion rights issues. Vox

- Calls for reform. Paris Hilton is leading a push to reform the “troubled teen industry,” which consists of hundreds of medical facilities and programs in the U.S. intended to treat children with mental health and behavioral issues. Hilton, a former patient at a Utah therapeutic boarding school, and other former patients allege verbal, physical, emotional, and sexual abuse. New York Times


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It’s not sufficient that it’s just me and [Rosalind Brewer].”

-TIAA CEO Thasunda Brown Duckett on being only one of two Black women leading Fortune 500 companies.

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