“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: dark money
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…
Quit ALEC: 320 Groups Call on CEOs to Quit the Controversial Lobbying Group
Common Cause, Fair Fight Action, and over 300 organizations penned a letter demanding large corporations, including Anheuser-Busch, Blue Cross Blue Shield Association, CenturyLink, Eli Lilly, UPS, FedEx, Oracle, State Farm, Raytheon, Salesforce, Pfizer and others, cut financial ties with the American Legislative Exchange Council (ALEC) over its support of voter suppression legislation throughout the country….
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…
The Corporate/GOP Alliance is Crumbling
From Politico: The recent spat between leading Republicans and major corporations like Delta, Coca-Cola and Major League Baseball criticizing Georgia’s restrictive new voting law isn’t just about voting rights; it’s the sign of a deeper breakup that has been years in the making. For anyone confused about how Senate Republican Leader Mitch McConnell could admonish…
CEOs Lead America’s New Great Awakening – ]effrey Sonnenfeld
As they did recently over gun safety, immigration, climate change, social justice and the infamous bathroom bills, major business leaders have protested new voter-restriction efforts in state legislatures. I am proud to have had a role in helping trigger some of this activity. Critics have mocked such civic engagement with headlines like “Woke CEOs’ Foolhardy…
Amazon, Target and Netflix among companies signing letter opposing voting restrictions – The Washington Post
Top Republican officials continue to push back against a surge of major companies and corporate leaders who oppose new voting laws being pursued by Republicans in dozens of states, with fresh signs that some in the GOP are waiting to see how far companies are willing to go on this issue. Even as executives representing…
BlackRock should disclose political activity, pension funds say – The Washington Post
Public pension funds overseeing more than $1 trillion are piling pressure on BlackRock, the world’s largest asset manager, to ramp up disclosure of its political activities in the wake of the Jan. 6 assault on the U.S. Capitol. In a Monday letter to BlackRock CEO Larry Fink, 24 officials from retirement funds accuse the Wall…
Coca-Cola Severs Longtime Ties With Pro-Sugar Group – Bloomberg
It is very good news to see Coca-Cola stepping away from another of those dark money-funded fake front groups promoting disinformation about science. LSI was founded by a former Coca-Cola executive Alex Malaspina and has deep ties to Big Food and Soda. Coca-Cola’s decision follows other major corporations, like Mars, Inc. and Nestlé, cutting ties…
Corporations Withdraw Support for Seditious Elected Officials and Organizations – CNN
VEA Vice Chair Nell Minow is quoted in this article about corporations withdrawing support for elected officials who supported or incited the attack on the Capitol. In the past 48 hours, American Express, Marriott, Dow, Blue Cross Blue Shield Association, Morgan Stanley, Commerce Bank and others have suspended their donations to Republican lawmakers who objected…
