Think of it as non-violent opposition. The withdrawal of economic support, the kind championed by Civil Rights icon Martin Luther King Jr. in the 1960s, is occurring now in corporate America. It’s an effective way to send a message that you don’t agree with their actions.
CNN Business has reported that major corporations are pulling the plug on donations to Republicans who voted to overturn the results of the 2020 electoral college.
Disney, Photo by Patricia Ferreira. unsplash
The corporate withdrawal of support comes after a violent, pro-Trump mob breached the US Capitol last Wednesday in an insurrection designed to stop, and apparently reverse the counting of all 50 state’s electoral votes that confirmed President-elect Joe Biden’s win.
Included in the growing exodus of corporate support through their Super PACs are some of the largest U.S. corporations.
The growing list includes; American Express, Amazon, AT&T, BlueCross BlueShield, Comcast, Commerce Bank. CocaCola, Disney, Dow Chemical, Air BnB, Marriott, Mastercard. Verizon, and Walmart.
CocaCola can logo image. Courtesy of Unsplash
A statement regarding AirBnB says that it is suspending “all its PAC donations to all of the legislators involved in contesting certification of the electoral results… Airbnb strongly condemns last week’s attack on the U.S. Capitol and the efforts to undermine our democratic process.”
The letter went on to declare that “We will continue to uphold our community policies by banning violent hate group members when we learn of such memberships, and the Airbnb PAC will update its framework and withhold support from those who voted against the certification of the presidential election results.”
Some companies have decided to suspend all donations to all politicians, regardless of whether or not they voted against upholding the Electoral College results. They include, 3M, Bank of America, Charles Schwab, Citigroup and Coca-Cola. The beverage company issued a terse statement saying the beverage company has “suspended political giving.”
At least four other major corporations announced they would be reviewing all their campaign contributions regardless of political party, and that list is expected to grow. These include: CVS, Delta, ExxonMobil, and FedEx.
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