November 17, 2021
General News

Investors press firms on donations as political spending jumps

Other groups behind the message include the California State Controller’s office; trustees of the California Public Employees’ Retirement System; treasurers of Connecticut, Rhode Island, Delaware, Maine and Vermont; foundations; socially responsible funds; and religious organizations such as church funds.

In addition to Walmart, Amazon and Exxon, recipients include CVS Health Corp., Berkshire Hathaway, AT&T, Wells Fargo & Co., Verizon Communications, Google parent Alphabet and Facebook.

Among those absent from the list is the largest U.S. bank, JPMorgan Chase, which said in an internal memo that the company would resume political giving with a restriction barring contributions to lawmakers who voted against certification in January, Reuters reported this month.

The letter is the latest move by investors to press companies on political spending in the wake of the Jan. 6 attack….

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