Kamala Harris’ Donors Privately Urge Firing of FTC’s Khan, SEC’s Gensler
- The 35-year-old FTC chair has annoyed Wall Street dealmakers
- Gensler perceived by finance donors as talking down to them
Lina Khan and Gary Gensler
Photographer: Al Drago/BloombergThis article is for subscribers only.
Major Democratic donors on Wall Street are increasingly pushing Kamala Harris’ team to replace top regulators Lina Khan and Gary Gensler if the vice president wins in November.
On calls with her staff and at fundraisers, deep-pocketed donors have repeatedly named Khan, chair of the Federal Trade Commission, as impeding the technology sector and other lucrative parts of the economy, according to people familiar with the matter. The private conversations about having her replaced have intensified since public calls for her ouster in July from Barry Diller, chairman of IAC Inc., and LinkedIn Corp. co-founder Reid Hoffman, who said Khan was “waging war on American business.”