Wall Street Firms and Large Companies Halt Political Giving and Review Policies
Major firms across Wall Street and other industries are either halting political giving or reviewing their policies in light of the recent events that took place at the U.S. Capitol last week. Morgan Stanley, JPMorgan Chase & Co., Citigroup Inc., and Goldman Sachs Group, Inc., all plan to pause political contributions given by their company PAC’s. Whether these firms and others will halt all political giving to certain candidates, certain parties, or otherwise, these firms and many others are reviewing company giving policies.
“We want you to be assured that we will not support candidates who do not respect the rule of law,” Candi Wolff, Citi’s head of global government affairs.
“We have taken the destructive events at the Capitol to undermine a legitimate and fair election into consideration and will be pausing political giving from our Political Action Committee to those who voted against certification of the election,” a Marriott spokesperson
It is clear that firms are concerned about where their company PAC’s are giving and where their employees are making contributions. When reviewing company policies, it is important to understand the resources at hand to help enforce those policies. Six Lambda provides political contribution monitoring, verification and reporting so you know when employees are politically active.
Please reach out to us to learn more and help you enforce your political giving policies.
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