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How Apple’s Tim Cook and other American top CEOs are spending their own money on the midterm elections

Thursday October 18, 2018. 06:04 PM , from Mac Daily News
“Company executives often steer clear of any appearance of partisanship, in large part because they don’t want to alienate customers and investors who back the other side,” Victor Reklaitis and Katie Marriner report for MarketWatch. “About 100 CEOs whose companies are components of the S&P 500 have been willing to fly a markedly Democratic or Republican flag in their political giving as individuals during the current election cycle, however.”
“MarketWatch gathered data on political contributions by those chief executives between Jan. 1, 2017, and Aug. 31, 2018, and has compiled a searchable database that shows the total money spent and the partisan breakdown, listing every contribution made by a CEO and reported to the Federal Election Commission,” Reklaitis and Marriner report. “Anyone who held the CEO job at any S&P 500 component company in the 2017-18 period is included.”
“We then screened the data looking for outliers — what we’ve called ‘partisan spenders,'” Reklaitis and Marriner report. “To be sure, plenty of CEOs contributed to nonpartisan groups — No. 1 on the list being Amazon.com Inc. boss Jeff Bezos, due to his $10 million donation to With Honor Fund, a nonpartisan group that aims to help military veterans get elected to Congress.”
“Yet MarketWatch’s analysis found that among the CEOs who did contribute to party-affiliated committees, nearly all of leaned heavily blue or red, with few donating equally to the two main parties,” Reklaitis and Marriner report. “The chief executives contributed a total of $7.4 million to Republican groups, almost triple the $2.6 million contributed to Democratic committees… Facebook Inc.’s Mark Zuckerberg, Apple Inc.’s Tim Cook and Google parent Alphabet Inc.’s Larry Page have reported donations of $10,000 or less… Tim Cook [contributed] $5,400. All of that to Zo Lofgren, the incumbent Democrat in San Jose, Califorinia’s congressional district.”
Read more in the full article here.
MacDailyNews Take:
Some people have said that I shouldn’t get involved politically because probably half our customers are Republicans… so I’m going to just stay away from all that political stuff. — Apple CEO Steve Jobs, August 25, 2004
SEE ALSO:
Harris Poll: Corporate reputations can become politically polarized – February 9, 2017
Silicon Valley donated 60 times more to Clinton than to Trump – November 7, 2016
99% of Silicon Valley’s political dollars are going to Hillary Clinton – October 25, 2016
Apple’s politics may be hurting its brand – June 29, 2016
Apple refuses to aid 2016 GOP presidential convention over Trump comments – June 18, 2016
Apple and Silicon Valley employees love Bernie Sanders. Donald Trump? Not so much – May 6, 2016
Apple among top employers of Bernie Sanders donors – April 20, 2016
Apple employees donate $15 to Obama for every $1 to Romney – July 27, 2012
Apple, other tech firm employees’ contributions favor Democrats over Republicans, Obama over Clinton – April 14, 2008
Apple CEO Steve Jobs: ‘I’m going to just stay away from all that political stuff’ – August 25, 2004
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