Tracking Corporate America’s revolt against the Electoral College objectors
After the deadly attack on the US Capitol on January 6, some of Corporate America’s biggest names denounced the rioters and pledged to halt their political giving.
Among Fortune 500 companies, roughly 280 had previously supported Republican Congress members who objected to the 2020 election results. CNN surveyed those companies and found that many have not staked out a position on future donations. And among many companies that said they plan to pause their political donations, details about their changes remain vague.
Sonam Vashi, Casey Hicks, Lindsey Knight, Julie In, Amy Roberts, Mary Fox, Byron Manley and Will Mullery contributed to this project.
Click on a company to see a breakdown of their donations to Republican objectors during the 2019–2020 election cycle and response to CNN.
|Company||Total contributions||Suspended contributions||To whom||Duration||More details…|
Update: This project has been updated with new information from Microsoft (February 5 at 4:20 p.m. ET).
Update: This project has been updated with new information from Home Depot (January 29 at 9:15 a.m. ET).
Update: This project has been updated with new information from Discover Financial Services (January 26 at 8:10 p.m. ET).
Update: This project has been updated with new information from Procter & Gamble, Microsoft and Prudential Financial (January 26 at 4:30 p.m. ET).
Update: This project has been updated with new information from Alphabet (January 26 at 10 a.m. ET).
|Member of Congress||Fortune 500 donors||Amount received|
How CNN reported this project
For this project, CNN used data from the Center for Responsive Politics (CRP) listing political donations to any of the 147 Congress members who objected to certifying the 2020 Electoral College results on January 6. The data captured more than 11,000 payments by corporate political action committees (PACs) made between Jan. 1, 2019 and Dec. 31, 2020 and totaling roughly $44.5 million.
We then used the Fortune 500 list to identify 283 companies who, through their PACs, made contributions to any of the objectors. We surveyed the companies to learn more about their political contribution policies following the US Capitol riot on January 6. We excluded three companies because they had either dissolved their PAC (Campbell Soup), went bankrupt (Dean Foods) or were acquired by another company (TD Ameritrade) prior to January 6.
For each of the remaining 280 companies, whose contributions collectively totalled about $21 million, we asked:
- Had the company decided to suspend its political contribution activity?
- If so, was the company suspending all political giving, or only political giving to specific politicians (such as congressional candidates or the Electoral College objectors)?
- How long did the company plan to suspend its political giving? (E.g., less than six months, between six months and one year, through the 2022 or 2024 elections, indefinitely, or permanently)
About 150 companies responded. We then categorized the companies’ responses to build our database. When companies said they had suspended political giving but declined to say for how long, we categorized the suspensions as “indefinite.”
Spokespeople for some companies offered written statements in response to CNN’s questions. Where possible, we parsed these statements to categorize the company’s position. In cases where companies were willing to say, on-the-record, who said or authored a written statement, we have included the statement in our database. Several companies offered unsigned written statements, which CNN has declined to publish.
In some cases, companies reported different contribution amounts from those reported by CRP. In those cases, CNN has displayed totals based on data from the Federal Election Commission. These discrepancies may be due to reporting delays, since committees are not required to file their year-end reports until January 31. We have excluded negative values, which can represent returned contributions from current or previous election cycles. Accordingly, all contribution totals should be interpreted as estimates.