A coalition of top business leaders is taking their campaign to get President Joe Biden to drop his re-election bid one step further, penning a letter to him signed by billionaires and top executives.

Christy Walton, Michael Novogratz and Paul Tagliabue are among the signatories of the letter from the Leadership Now Project, a copy of which was seen by Bloomberg. It states that “nothing short of American democracy is at stake this November” and follows an unsigned statement Wednesday that said the group of business leaders has “heard from many individuals who share our deep concerns about the present course but fear speaking out.”

Walton, the 10th-richest woman in the U.S. according to Forbes’ calculations, was among the 168 prominent figures who signed the letter calling for Biden to “pass the torch of leadership to the next generation of Democratic leaders by ending your reelection bid,” according to Bloomberg.

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