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Friday, August 02, 2019

Three Fundster CEOs Stand By the Promise of Baltimore

News summary by MFWire's editors

A trio of fundsters are defending Baltimore, and one of its local politicians, against the U.S. President's criticisms.

Eddie Carl Brown
Brown Capital Management
CEO, Chair, Founder
On Monday, Eddie Brown (CEO, chair, and founder of Brown Capital Management), Michael Hankin (president and CEO of Brown Advisory), and Bill Stromberg (president and CEO of T. Rowe Price) joined seven other local business and non-profit leaders in rushing to the defense of their city, of "the promise of Baltimore." Though their op-ed in the Baltimore Sun doesn't name their antagonist (President Donald Trump), it does express support for Trump's main target, Representative Elijah Cummings (D-Maryland).

"We ... reject the recent unfair and ungenerous characterizations of our great city and its region," Brown, Hankin, Stromberg, and the others write. "Like so many cities across America, Baltimore is a place of paradox, at once vibrant and full of promise and yet also burdened by the weight of generations of racial and economic inequities, deindustrialization, and disinvestment."

"Like other cities of our size and history, we face urgent challenges with crime, housing equity and our education system. But like all Americans, Balitmoreans deserve respect, support and steadfast partnership from elected officials at every level," the ten leaders continue. "We are proud not only to be in Baltimore, but of Baltimore."

The CEOs' op-ed is one of many responses (including an editorial from the Sun's own editorial board) to a barrage of criticisms from Trump, which started last Saturday. Trump's Twitter attacks have continued since: on Saturday, again, again, again, and again; on Sunday, again, again, again, and again; on Monday, again, again, again, again, again, and again; and Wednesday. This morning Trump pointed out that Cummings' home has been broken into

Edited by: Neil Anderson, Managing Editor

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