mistake I wrote "CBD" instead of CPD.

The co-founder of the CPD also sat on the board of First Republic and other banks. He ran US presidential debates.

https://en.wikipedia.org/wiki/Frank_Fahrenkopf

Fahrenkopf serves as the co-chair of the Commission on Presidential Debates .[3]

Fahrenkopf also sits on the board of directors of six New York Stock Exchange public companies: First Republic Bank, Gabelli Equity Trust, Inc., Gabelli Utility Trust, Gabelli Global Multimedia Trust, Gabelli Dividend and Income Trust, and Gabelli Gold and Natural Resources.

https://en.wikipedia.org/wiki/Paul_G._Kirk

Paul Grattan Kirk Jr. (born January 18, 1938) is an American lawyer and politician who served as a United States Senator from Massachusetts from 2009 to 2010, having been appointed to fill the vacancy created by the death of Ted Kennedy. From 1985 to 1989, he chaired the Democratic National Committee (DNC).

He served as co-chairman of the Commission on Presidential Debates,

The CPD:

https://en.wikipedia.org/wiki/Commission_on_Presidential_Debates

In 2024, the campaigns of the major-party presumptive presidential candidates, Democratic incumbent Joe Biden and Republican former president Donald Trump, circumvented the CPD and committed to two debates outside the CPD's purview. Jen O’Malley Dillon, chairwoman of Biden’s campaign, informed the Commission on Presidential Debates that Biden will not be taking part in its events, effectively rendering the corporation both defunct and obsolete.[4]

The CPD was established in 1987 by the chairmen of the Democratic and Republican Parties to "take control of the presidential debates".[3] The commission was staffed by members from the two parties and chaired by the heads of the Democratic and Republican parties, Paul G. Kirk and Frank Fahrenkopf.

The debate on 6/27 was the first Presidential Debate since 1988 that was not run by the CPD.