Easier to say than to do! David Lopez, and Jonathan Povilonis of Cleary Gottlieb Steen & Hamilton LLP, say. that companies should stay out of politics except when they decide it’s in their economic interest to do so. There are three general directions that public companies could head toward:First, corporate America could evolve to mirror…
Tag: citizens united
The billionaires buying the midterm elections
Two primary super PACs seek to establish Republican majorities in the Senate and House — the Senate Leadership Fund (SLF) and the Congressional Leadership Fund (CLF). Those two groups, which can accept unlimited donations, collectively raised $188.3 million through March 2022. Nearly half of the money, $89.4 million, has come from just 27 billionaires, according…
Accountable US to Eli Lilly: Stop Lying About Your Support for the Sedition Caucus
Kyle Herrig of Accountable US has written to Eli Lilly about their support for elected officials known as “the sedition caucus” for their efforts to overturn the Presidential election. “If Eli Lilly is content to donate to those in Congress who tried to overthrow the will of the people, or even those who seek to…
ALEC Is Driving Laws to Blacklist Companies That Boycott the Oil Industry | The Nation
As we have said many times before, corporate executives love to extol the purity of the free market until they do not like the outcome. And fossil fuel companies would rather spend the shareholders’ money promoting climate change denial and interfering with market assessments of the inevitability of their decline than actually transitioning to a…
Corporations Claim to Support Black History Month but Pay to Suppress Votes from BIPOC
From a new report by Accountable US: Major corporations that have publicly touted their celebration of Black History Month and previously promoted voting rights contributed at least $459,000 to lawmakers who blocked two pieces of federal voting rights legislation, the Freedom to Vote Act (FTVA) and the John Lewis Voting Rights Advancement Act (JLVRAA), in 2021. The FTVA would restore voting rights to…
Yale SOM on Corporations, Advocates and Voting Rights
The Yale School of Management has published a meticulously researched report on 188 different groups advocating for voting rights, with detailed information on their longevity, funding, staff, positions, and initiatives. For us, the most significant part of the report is this: CEO commitment towards protecting the right to vote remains as strong as ever with 80%…
Agenda – Investors Turning Up Heat on Political Spending
Companies heavily ramped up disclosures on political spending policies and oversight in 2021 as investors received massive support on shareholder proposals on the subject, according to an analysis of proxy voting trends. This year, boards should expect that pressure to rise even higher. With the midterm elections looming, boards need to ensure that directors have…
The Corporate Campaign Against Pandemic Protections
The Daily Poster reports on corporate opposition to basic protections for workers with a link to the 13-page comment filed by the Chamber of Commerce on behalf of 51 trade associations. While the White House and many economists have argued that the vaccine mandate will “promote a faster and stronger economic recovery,” powerful business interests…
These corporations back the sponsors of an Ohio abortion ban that’s more extreme than Texas — Popular Information
Corporations supporting the legislators behind a total abortion ban in Ohio One of the top corporate donors to the co-sponsors of the proposed abortion ban in Ohio is Nationwide. Since 2018, Nationwide has donated $30,500 to 19 co-sponsors of the legislation. The donations stand in contrast to Nationwide’s carefully crafted public image as a supporter…
Corporate America launches massive lobbying blitz to kill key parts of Democrats’ $3.5 trillion economic plan – The Washington Post
A torrent of political groups representing some of the country’s most influential corporations — including ExxonMobil, Pfizer and the Walt Disney Company — are laying the groundwork for a lobbying blitz to stop Congress from enacting significant swaths of President Biden’s $3.5 trillion economic agenda. The emerging opposition appears to be vast, spanning drug manufacturers,…
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