This post is about companies that are reacting to America’s attempted coup on January 6th by pausing political donations. I started trying to collect tweets that announced these changes until I noticed all the tweets were from @JuddLegum who, with @TesnimZekeria, is working to document the companies that do (and those that don’t) make such a change. Benjay Renton (@bhrenton) is also collecting this data and sharing it in one place.
Legum sent inquiries to a long list of companies who are known to make political donations to candidates and elected officials. He is publishing a pricey political newsletter that conveys what he learns, but he’s also posting it here, “Major corporations say they will stop donating to members of Congress who tried to overturn the election”. It appears he’s updating this page with more companies and he learns of them.
He’s also maintaining a list of companies who have not reponded to his inquiries. You can find that list on Twitter, here:
Here is the full list of the 65 companies that have not responded— Judd Legum (@JuddLegum) January 13, 2021
All of these companies donated to one or more of the 8 Senators who objected during the 2020 cycle
The Senators followed through with their objection AFTER the riot.
Sign up for updates: https://t.co/TfpCItdVSo pic.twitter.com/7SYKzJNMPQ
This list is also being tracked and shared by @bhrenton (Benjy Renton) who is putting it into a tableau database and displaying it. I hope this means he will track it through the year.
Forbes, Inc. made a related announcement. Editor Randall Lane warns in an editorial that Forbes is monitoring Trump pfficials to see where they land at the end of Trump’s presidency. Noting that Trump’s administration was based on lies from start to end, he writes to those companies that “Forbes will assume that everything your company or firm talks about is a lie.”
Here’s the information I gathered before realizing what Legum was doing.
- Goldman Sachs - pausing all political donations
- JP Morgan - pausing all political donations
- Citigroup - pausing all political donations
- Blue Cross Blue Shield Association (BLUEPAC) - suspend donations to Republicans who voted against Biden in response to Wednesday
- Boston Scientific - suspending all PAC activities 3.Commerce Bank - suspend donations to Republicans who voted against Biden in response to Wednesday
- Bank of America– will consider recent events before future donations
- Ford– will onsider recent events before future donations
- AT&T– will consider recent events before future donations
- CVS Health – Reviewing policies
- Exxon Mobil – Reviewing policies
- Wells Fargo & Co – Reviewing policies
- Commerce Bancshares
- Dow Inc., the massive chemical company, was more definitive. The company told Popular Information on Monday that it will no longer donate to any member of Congress who objected to the certification to the Electoral College for the duration of their term in office.
- 3M told Popular Information that it will pause all “federal and state political expenditures for the first quarter of the year”
- Mastercard stated that it was suspending donations “to members of Congress who voted to object to the certification of the 2020 election,” according to an internal announcement obtained by Popular Information. https://popular.info/p/three-major-corporations-say-they
- Charles Schwab announced that it will halt “all contributions to any lawmakers for the remainder of 2021” as it “evaluate[s] the best path forward.”
- Hilton told Popular Information that “as a direct result of recent events, [it] will not be making political donations and will keep its PAC suspended indefinitely.”
- Hallmark took an even more decisive stance. The company told Popular Information that it will be requesting refunds from the Senators it had donated to who had objected to the certification of the results, stating that these Senators’ actions do not reflect the “company’s values.”
- American Express CEO Steve Squeri announced that the company will no longer support the Republican members who objected to the election results,
- International Council of Shopping Centers (ICSC) CEO Tom McGee also announced that the ICSC will be “suspending all ICSC PAC donations for the next three months,”
- Charles Schwab
- Facebook, Google and Microsoft said they will halt all political donations while they reviewed their giving. Banking giants such as Goldman Sachs and JP Morgan said they were doing the same. BlackRock made a similar announcement in a memo to its employees, noting its decision was spurred by “the horrific events in the nation’s capital.”
- COMCAST (NBC parent co) suspending contributions to elected officials who voted AGAINST the certification of the electoral college votes