Posts Tagged ‘Pfizer’

Study finds companies are independently limiting political spending

Friday, November 4th, 2011 by Vbhotla

The L.A. Times reported last week on a study that suggests that in this post-Citizens United world, companies are regulating their own spending in political campaigns.  The study, conducted by the Center for Political Accountability and the University of Pennsylvania’s Zicklin Center for Business Ethics Research, evaluated companies based on board oversight of political giving, disclosure practices and company restrictions on political spending.

The study found that “voluntary disclosure of political spending is becoming a mainstream corporate practice, and [a] growing number of companies are putting restrictions on the political use of their money.”  According to its research, 57 of the S&P 100 index companies voluntarily disclose their political spending and have adopted board oversight over spending.  Just under half, 43, of the companies voluntarily disclose some of their independent spending through associations and nonprofits.

One in six do not allow funds to be spent directly on candidates or political committees.  It also found two companies, Colgate-Palmolive and  IBM, prohibit spending entirely.  Nearly one-third (30) of companies “place some Levitra prohibitions on using corporate funds for political activity.”

“Our findings are striking. They offer hope for increasing corporate political transparency and accountability at a time when everyone expects massive hidden spending to influence elections,” CPA President Bruce Freed said in a statement.

Twenty-four of the companies have explicit statements on their websites letting Super PAC committees know that they will not spend on independent expenditures.  The study ranked the top-ten companies based on political transparency:

  1. Colgate-Palmolive Co.
  2. Exelon Corp.
  3. International Business Machines
  4. Merck & Co. Inc.
  5. Johnson & Johnson
  6. Pfizer Inc.
  7. United Parcel Service Inc.
  8. Dell Inc.
  9. Wells Fargo & Co.
  10. EMC Corp.

In 2003, the Center for Political Accountability started a campaign to urge corporations to voluntarily disclose political spending and exercise greater oversight in this area.  “Few, if any, companies disclosed their political spending then,” the report says, going on to note that the results of this study “[reflect] significant progress. [They] also [reflect] troubling gaps that leave many shareholders, and citizens, in the dark.”

Latest Lobbying Moves & Changes

Monday, June 7th, 2010 by Brittany

Ken Cole is joining Pfizer on as senior vice president of government relations. Cole was previously head of global public policy and government relations at General Motors for nine years and has also worked at Honeywell.

Amy Dempster was promoted to senior manager, governmental affairs and environmental policy at the Consumer Electronics Association.

Gene Irisari is now director, government affairs at Texas Instruments. He was previously deputy chief of staff for Rep. Michael McCaul (R-Texas).

Pharmacist, lawyer and former state legislator Brian Gallagher is the new senior vice president of government affairs at the American Pharmacists Association. Previously vice president of compliance for Rite Aid, Gallagher has been vice president for risk management and governance at NDCHealth Corp.

Tim Isgitt has moved up to senior vice president of communications and government affairs at the Corporation for Public Broadcasting.

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