Wall Street Rethinks Campaign Donations in Wake of Violence
(Bloomberg) -- For years Wall Street has sprinkled money all across U.S. politics to make and keep friends in Washington. Now, it’s rethinking the consequences.
After the deadly siege on Capitol Hill last week, major banks are reassessing, reducing and in many cases suspending their campaign contributions. Some are vowing to pull back from candidates who appeared to support the attempted insurrection.
The moves represent a sharp break with the past and come as leaders across corporate America are rushing to distance themselves from President Donald Trump. Big business largely embraced Trump’s efforts to cut taxes and roll back regulations despite, in some cases, reservations about his personal character. That’s changing in the wake of the violent attack last week.
“A lot of business people don’t want to get involved because they don’t want to bring politics to the workplace,” said Tom Glocer, Morgan Stanley’s lead independent director. “This goes beyond the politics.”
https://www.msn.com/en-us/news/politics/wall-street-rethinks-campaign-donations-in-wake-of-violence/ar-BB1cEjJC?li=BBnbfcQ&ocid=DELLDHP
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