“Increased political polarization, the 2020 Election, and the January 6th attack on the Capitol, have shown companies that spending corporate dollars on political causes is risky business,” [Thomas] DiNapoli said in a statement to Bloomberg Law. The trend is expected to continue as activist shareholders vow to make sure that companies stay true to their…
Category: Citizens United
Toyota reverses course, says it will stop donating to Republican objectors – by Judd Legum – Popular Information
On April 17, Popular Information reported that Toyota was the top corporate contributor to Republican members of Congress who voted to overturn the election. The company’s corporate PAC donated $62,000 to 39 members of Congress who refused to certify the results of the Electoral College. After months of public scrutiny, Toyota announced on Thursday afternoon…
Global Compact Calls on Sustainable Businesses to Combat Authoritarianism in the U.S.
Thousands of U.S. companies have signed onto the United Nations Global Compact, which calls upon sustainable businesses to “create the world we want.” That goal is running up hard against the authoritarian trend in national politics. With the Compact slated to meet later this week, it is incumbent upon U.S. business leaders to act in…
Why Did Boeing Renege on Its Pledge Not to Support the “Sedition Caucus?”
The Daily Beast reports that Boeing is making political contributions to officials who denied the results of the 2020 election, despite its promises not to. After briefly swearing off political donations in the wake of the Capitol riot, Boeing is now throwing cash at officials who fought to overturn the results of the 2020 election….
The myth of corporate neutrality – Popular Information
Dallas-based AT&T is following the McConnell playbook. Yes, the company says it believes “the right to vote is sacred” and supports “efforts to enhance everyone’s ability to vote.” But it refused to weigh in on SB 7, the voter suppression law introduced by Texas Republicans. AT&T said that “election laws are complicated, not our company’s…
New York State Fund’s Best Results Ever on Political Spending Proposals
In more than a decade of pushing companies to disclose their political spending, the New York State Common Retirement Fund has never had a year like this. The nearly $250 billion pension fund faced off in early May against Duke Energy Corp. DUK, 0.08%, whose board of directors opposed the New York fund’s proposal asking…
Shareholder Proposal on Political Contributions: Supporting Statement from Rhia Ventures
This proposal asks JPMorgan to make a regular practice of examining its political contributionsto ensure that they are congruent with the company’s values and policies, and to report out onthis review. This proposal received 47% in support at Pfizer last month.Events in recent months have made it very clear why this makes sense. After the…
Google says it is reevaluating its support for GOP group pushing voter suppression laws – Popular Information
On Monday, Popular Information and Documented reported that Google was funding and collaborating with a Republican organization pushing voter suppression. Specifically, according to internal documents, Google’s State Policy Manager, Joe Dooley, was listed as a participant in an April 6 working group hosted by the Republican State Leadership Committee (RSLC). The private event on “election…
Ted Cruz: Your Woke Money Is No Good Here – WSJ
Ted Cruz to corporate political contributions: You can’t fire me; I quit. And I am petty and vindictive and will take revenge on you for hurting my feelings. This is what the kids call a self-own. First, he condescendingly tells some of the most accomplished and powerful people in the country that they don’t know…
The myth of the “woke corporation” – Popular Information
But the notion that corporations have cast aside their alliance with the Republican Party and are using their power to protect voting rights — or other progressive policies — is a myth. Yes, some corporations have affirmed their commitment to voting rights and expressed a broad opposition to unnecessary voting restrictions. And a few have…
