Why corporations are rethinking political donations
Big banks, big tech, and other major companies are pausing political contributions, primarily to Republicans, after election results were challenged. But Sen. Rick Scott has special reason for concern.
My first inkling of trouble for Republicans came Sunday with this headline: “Marriott suspends donations to senators who opposed vote result.”
The hotel chain wasn’t alone. Blue Cross Blue Shield and Commerce Bancshares, too, told the website Popular Information that they were suspending donations. Soon the movement ballooned. Some big banks – Goldman Sachs, JP Morgan Chase,...