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Corporate America faces reckoning on cost of silence, pauses political donations


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SOURCE: https://www.nbcnews.com/business/business-news/corporate-america-faces-reckoning-cost-silence-pauses-political-donations-n1253813
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Summary

“Some of them are driven by the desire to show people their values and where they stand… others are somewhat operating out of fear to ensure that they’re saying the right thing and that they’re on the right side of history here.”Companies including Dow Chemical, Marriott International, American Express, Blue Cross, Airbnb, Mastercard and Commerce Bank said they will not donate to lawmakers involved in the push to deny Biden the presidency.”Dow is immediately suspending all corporate and employee political action committee (PAC) contributions to any member of Congress who voted to object to the certification of the presidential election,” Dow said in a statement, adding that the company “is committed to the principles of democracy and the peaceful transfer of power.”Marriott said in a statement it “will be pausing political giving from our Political Action Committee to those who voted against certification of the election.”“We have suspended all support for officials who have impeded the peaceful transfer of power,” Commerce Bank said in its statement.Hallmark, which contributes to politicians via a PAC called HALLPAC, went a step further, saying in a statement, “The recent actions of Senators Josh Hawley and Roger Marshall do not reflect our company’s values.

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