\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

Page 42 of 70 1 41 42 43 70
\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n
\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n
\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n
\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n
\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n
\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n
\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n
\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

\"They're an example for not just the United States, but the world,\" <\/p>\n<\/blockquote>\n\n\n\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n
\n

\"They're an example for not just the United States, but the world,\" <\/p>\n<\/blockquote>\n\n\n\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Cochrane said <\/p>\n\n\n\n

\n

\"They're an example for not just the United States, but the world,\" <\/p>\n<\/blockquote>\n\n\n\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

\"When you've got an institution like Harvard, say one thing and do another, I think that sends a double standard to the public and to other institutions, corporations or even academic institutions broadly in the United States,\" <\/p>\n<\/blockquote>\n\n\n\n

Cochrane said <\/p>\n\n\n\n

\n

\"They're an example for not just the United States, but the world,\" <\/p>\n<\/blockquote>\n\n\n\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n
\n

\"When you've got an institution like Harvard, say one thing and do another, I think that sends a double standard to the public and to other institutions, corporations or even academic institutions broadly in the United States,\" <\/p>\n<\/blockquote>\n\n\n\n

Cochrane said <\/p>\n\n\n\n

\n

\"They're an example for not just the United States, but the world,\" <\/p>\n<\/blockquote>\n\n\n\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Cole A. Cochrane '27, Policy Director of the Harvard Undergraduate Clean Energy Group, added that he wishes Harvard would sever its ties with Tremont Strategies to make a statement regarding their top \"interests, priorities, and principles.\"<\/p>\n\n\n\n

\n

\"When you've got an institution like Harvard, say one thing and do another, I think that sends a double standard to the public and to other institutions, corporations or even academic institutions broadly in the United States,\" <\/p>\n<\/blockquote>\n\n\n\n

Cochrane said <\/p>\n\n\n\n

\n

\"They're an example for not just the United States, but the world,\" <\/p>\n<\/blockquote>\n\n\n\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

F Minus has effectively pushed universities to sever their relationships with lobbying companies previously. They pushed John Hopkins University out of its relationship with a \"coal lobbyist,\" Browning reports. But he acknowledged Harvard might be reluctant to switch lobbying companies since the I-90 project is still in planning stages.<\/p>\n\n\n\n

Cole A. Cochrane '27, Policy Director of the Harvard Undergraduate Clean Energy Group, added that he wishes Harvard would sever its ties with Tremont Strategies to make a statement regarding their top \"interests, priorities, and principles.\"<\/p>\n\n\n\n

\n

\"When you've got an institution like Harvard, say one thing and do another, I think that sends a double standard to the public and to other institutions, corporations or even academic institutions broadly in the United States,\" <\/p>\n<\/blockquote>\n\n\n\n

Cochrane said <\/p>\n\n\n\n

\n

\"They're an example for not just the United States, but the world,\" <\/p>\n<\/blockquote>\n\n\n\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Meanwhile, Harvard has made its own climate commitments. Harvard aims to be fossil fuel neutral by 2026, according to the University's Sustainability Office. Browning indicated that he thinks it's \"incompatible with Harvard's values\" to hire Tremont Strategies.<\/p>\n\n\n\n

F Minus has effectively pushed universities to sever their relationships with lobbying companies previously. They pushed John Hopkins University out of its relationship with a \"coal lobbyist,\" Browning reports. But he acknowledged Harvard might be reluctant to switch lobbying companies since the I-90 project is still in planning stages.<\/p>\n\n\n\n

Cole A. Cochrane '27, Policy Director of the Harvard Undergraduate Clean Energy Group, added that he wishes Harvard would sever its ties with Tremont Strategies to make a statement regarding their top \"interests, priorities, and principles.\"<\/p>\n\n\n\n

\n

\"When you've got an institution like Harvard, say one thing and do another, I think that sends a double standard to the public and to other institutions, corporations or even academic institutions broadly in the United States,\" <\/p>\n<\/blockquote>\n\n\n\n

Cochrane said <\/p>\n\n\n\n

\n

\"They're an example for not just the United States, but the world,\" <\/p>\n<\/blockquote>\n\n\n\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Harvard is working<\/a> in association with Tremont Strategies presently on the Allston I-90 Multimodal Project, an infrastructure development project to replace existing highway ramps with a new grid system permitting development on University-owned land.<\/p>\n\n\n\n

Meanwhile, Harvard has made its own climate commitments. Harvard aims to be fossil fuel neutral by 2026, according to the University's Sustainability Office. Browning indicated that he thinks it's \"incompatible with Harvard's values\" to hire Tremont Strategies.<\/p>\n\n\n\n

F Minus has effectively pushed universities to sever their relationships with lobbying companies previously. They pushed John Hopkins University out of its relationship with a \"coal lobbyist,\" Browning reports. But he acknowledged Harvard might be reluctant to switch lobbying companies since the I-90 project is still in planning stages.<\/p>\n\n\n\n

Cole A. Cochrane '27, Policy Director of the Harvard Undergraduate Clean Energy Group, added that he wishes Harvard would sever its ties with Tremont Strategies to make a statement regarding their top \"interests, priorities, and principles.\"<\/p>\n\n\n\n

\n

\"When you've got an institution like Harvard, say one thing and do another, I think that sends a double standard to the public and to other institutions, corporations or even academic institutions broadly in the United States,\" <\/p>\n<\/blockquote>\n\n\n\n

Cochrane said <\/p>\n\n\n\n

\n

\"They're an example for not just the United States, but the world,\" <\/p>\n<\/blockquote>\n\n\n\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Harvard representative Amy Kamosa did not respond to Harvard's collaboration with Tremont Strategies.<\/p>\n\n\n\n

Harvard is working<\/a> in association with Tremont Strategies presently on the Allston I-90 Multimodal Project, an infrastructure development project to replace existing highway ramps with a new grid system permitting development on University-owned land.<\/p>\n\n\n\n

Meanwhile, Harvard has made its own climate commitments. Harvard aims to be fossil fuel neutral by 2026, according to the University's Sustainability Office. Browning indicated that he thinks it's \"incompatible with Harvard's values\" to hire Tremont Strategies.<\/p>\n\n\n\n

F Minus has effectively pushed universities to sever their relationships with lobbying companies previously. They pushed John Hopkins University out of its relationship with a \"coal lobbyist,\" Browning reports. But he acknowledged Harvard might be reluctant to switch lobbying companies since the I-90 project is still in planning stages.<\/p>\n\n\n\n

Cole A. Cochrane '27, Policy Director of the Harvard Undergraduate Clean Energy Group, added that he wishes Harvard would sever its ties with Tremont Strategies to make a statement regarding their top \"interests, priorities, and principles.\"<\/p>\n\n\n\n

\n

\"When you've got an institution like Harvard, say one thing and do another, I think that sends a double standard to the public and to other institutions, corporations or even academic institutions broadly in the United States,\" <\/p>\n<\/blockquote>\n\n\n\n

Cochrane said <\/p>\n\n\n\n

\n

\"They're an example for not just the United States, but the world,\" <\/p>\n<\/blockquote>\n\n\n\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Browning stated. <\/p>\n\n\n\n

Harvard representative Amy Kamosa did not respond to Harvard's collaboration with Tremont Strategies.<\/p>\n\n\n\n

Harvard is working<\/a> in association with Tremont Strategies presently on the Allston I-90 Multimodal Project, an infrastructure development project to replace existing highway ramps with a new grid system permitting development on University-owned land.<\/p>\n\n\n\n

Meanwhile, Harvard has made its own climate commitments. Harvard aims to be fossil fuel neutral by 2026, according to the University's Sustainability Office. Browning indicated that he thinks it's \"incompatible with Harvard's values\" to hire Tremont Strategies.<\/p>\n\n\n\n

F Minus has effectively pushed universities to sever their relationships with lobbying companies previously. They pushed John Hopkins University out of its relationship with a \"coal lobbyist,\" Browning reports. But he acknowledged Harvard might be reluctant to switch lobbying companies since the I-90 project is still in planning stages.<\/p>\n\n\n\n

Cole A. Cochrane '27, Policy Director of the Harvard Undergraduate Clean Energy Group, added that he wishes Harvard would sever its ties with Tremont Strategies to make a statement regarding their top \"interests, priorities, and principles.\"<\/p>\n\n\n\n

\n

\"When you've got an institution like Harvard, say one thing and do another, I think that sends a double standard to the public and to other institutions, corporations or even academic institutions broadly in the United States,\" <\/p>\n<\/blockquote>\n\n\n\n

Cochrane said <\/p>\n\n\n\n

\n

\"They're an example for not just the United States, but the world,\" <\/p>\n<\/blockquote>\n\n\n\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

\"They're kind of normalizing and empowering this company to do business with Musk and DOGE who are among the largest threats on climate in general today,\" <\/p>\n<\/blockquote>\n\n\n\n

Browning stated. <\/p>\n\n\n\n

Harvard representative Amy Kamosa did not respond to Harvard's collaboration with Tremont Strategies.<\/p>\n\n\n\n

Harvard is working<\/a> in association with Tremont Strategies presently on the Allston I-90 Multimodal Project, an infrastructure development project to replace existing highway ramps with a new grid system permitting development on University-owned land.<\/p>\n\n\n\n

Meanwhile, Harvard has made its own climate commitments. Harvard aims to be fossil fuel neutral by 2026, according to the University's Sustainability Office. Browning indicated that he thinks it's \"incompatible with Harvard's values\" to hire Tremont Strategies.<\/p>\n\n\n\n

F Minus has effectively pushed universities to sever their relationships with lobbying companies previously. They pushed John Hopkins University out of its relationship with a \"coal lobbyist,\" Browning reports. But he acknowledged Harvard might be reluctant to switch lobbying companies since the I-90 project is still in planning stages.<\/p>\n\n\n\n

Cole A. Cochrane '27, Policy Director of the Harvard Undergraduate Clean Energy Group, added that he wishes Harvard would sever its ties with Tremont Strategies to make a statement regarding their top \"interests, priorities, and principles.\"<\/p>\n\n\n\n

\n

\"When you've got an institution like Harvard, say one thing and do another, I think that sends a double standard to the public and to other institutions, corporations or even academic institutions broadly in the United States,\" <\/p>\n<\/blockquote>\n\n\n\n

Cochrane said <\/p>\n\n\n\n

\n

\"They're an example for not just the United States, but the world,\" <\/p>\n<\/blockquote>\n\n\n\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n
\n

\"They're kind of normalizing and empowering this company to do business with Musk and DOGE who are among the largest threats on climate in general today,\" <\/p>\n<\/blockquote>\n\n\n\n

Browning stated. <\/p>\n\n\n\n

Harvard representative Amy Kamosa did not respond to Harvard's collaboration with Tremont Strategies.<\/p>\n\n\n\n

Harvard is working<\/a> in association with Tremont Strategies presently on the Allston I-90 Multimodal Project, an infrastructure development project to replace existing highway ramps with a new grid system permitting development on University-owned land.<\/p>\n\n\n\n

Meanwhile, Harvard has made its own climate commitments. Harvard aims to be fossil fuel neutral by 2026, according to the University's Sustainability Office. Browning indicated that he thinks it's \"incompatible with Harvard's values\" to hire Tremont Strategies.<\/p>\n\n\n\n

F Minus has effectively pushed universities to sever their relationships with lobbying companies previously. They pushed John Hopkins University out of its relationship with a \"coal lobbyist,\" Browning reports. But he acknowledged Harvard might be reluctant to switch lobbying companies since the I-90 project is still in planning stages.<\/p>\n\n\n\n

Cole A. Cochrane '27, Policy Director of the Harvard Undergraduate Clean Energy Group, added that he wishes Harvard would sever its ties with Tremont Strategies to make a statement regarding their top \"interests, priorities, and principles.\"<\/p>\n\n\n\n

\n

\"When you've got an institution like Harvard, say one thing and do another, I think that sends a double standard to the public and to other institutions, corporations or even academic institutions broadly in the United States,\" <\/p>\n<\/blockquote>\n\n\n\n

Cochrane said <\/p>\n\n\n\n

\n

\"They're an example for not just the United States, but the world,\" <\/p>\n<\/blockquote>\n\n\n\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Browning stated that in collaborating with lobbyist companies affiliated with Tesla, Harvard and other institutions are sanctioned the company's work with Musk. <\/p>\n\n\n\n

\n

\"They're kind of normalizing and empowering this company to do business with Musk and DOGE who are among the largest threats on climate in general today,\" <\/p>\n<\/blockquote>\n\n\n\n

Browning stated. <\/p>\n\n\n\n

Harvard representative Amy Kamosa did not respond to Harvard's collaboration with Tremont Strategies.<\/p>\n\n\n\n

Harvard is working<\/a> in association with Tremont Strategies presently on the Allston I-90 Multimodal Project, an infrastructure development project to replace existing highway ramps with a new grid system permitting development on University-owned land.<\/p>\n\n\n\n

Meanwhile, Harvard has made its own climate commitments. Harvard aims to be fossil fuel neutral by 2026, according to the University's Sustainability Office. Browning indicated that he thinks it's \"incompatible with Harvard's values\" to hire Tremont Strategies.<\/p>\n\n\n\n

F Minus has effectively pushed universities to sever their relationships with lobbying companies previously. They pushed John Hopkins University out of its relationship with a \"coal lobbyist,\" Browning reports. But he acknowledged Harvard might be reluctant to switch lobbying companies since the I-90 project is still in planning stages.<\/p>\n\n\n\n

Cole A. Cochrane '27, Policy Director of the Harvard Undergraduate Clean Energy Group, added that he wishes Harvard would sever its ties with Tremont Strategies to make a statement regarding their top \"interests, priorities, and principles.\"<\/p>\n\n\n\n

\n

\"When you've got an institution like Harvard, say one thing and do another, I think that sends a double standard to the public and to other institutions, corporations or even academic institutions broadly in the United States,\" <\/p>\n<\/blockquote>\n\n\n\n

Cochrane said <\/p>\n\n\n\n

\n

\"They're an example for not just the United States, but the world,\" <\/p>\n<\/blockquote>\n\n\n\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Tremont Strategies did not comment on requests. Musk, the billionaire Tesla CEO, also leads the Department of Government Efficiency. DOGE has eliminated over $60 million from the Environmental Protection Agency's budget since Trump was sworn in in January, and cancelled over 400 grants aimed at air and water quality and extreme weather resilience of communities nationwide.<\/p>\n\n\n\n

Browning stated that in collaborating with lobbyist companies affiliated with Tesla, Harvard and other institutions are sanctioned the company's work with Musk. <\/p>\n\n\n\n

\n

\"They're kind of normalizing and empowering this company to do business with Musk and DOGE who are among the largest threats on climate in general today,\" <\/p>\n<\/blockquote>\n\n\n\n

Browning stated. <\/p>\n\n\n\n

Harvard representative Amy Kamosa did not respond to Harvard's collaboration with Tremont Strategies.<\/p>\n\n\n\n

Harvard is working<\/a> in association with Tremont Strategies presently on the Allston I-90 Multimodal Project, an infrastructure development project to replace existing highway ramps with a new grid system permitting development on University-owned land.<\/p>\n\n\n\n

Meanwhile, Harvard has made its own climate commitments. Harvard aims to be fossil fuel neutral by 2026, according to the University's Sustainability Office. Browning indicated that he thinks it's \"incompatible with Harvard's values\" to hire Tremont Strategies.<\/p>\n\n\n\n

F Minus has effectively pushed universities to sever their relationships with lobbying companies previously. They pushed John Hopkins University out of its relationship with a \"coal lobbyist,\" Browning reports. But he acknowledged Harvard might be reluctant to switch lobbying companies since the I-90 project is still in planning stages.<\/p>\n\n\n\n

Cole A. Cochrane '27, Policy Director of the Harvard Undergraduate Clean Energy Group, added that he wishes Harvard would sever its ties with Tremont Strategies to make a statement regarding their top \"interests, priorities, and principles.\"<\/p>\n\n\n\n

\n

\"When you've got an institution like Harvard, say one thing and do another, I think that sends a double standard to the public and to other institutions, corporations or even academic institutions broadly in the United States,\" <\/p>\n<\/blockquote>\n\n\n\n

Cochrane said <\/p>\n\n\n\n

\n

\"They're an example for not just the United States, but the world,\" <\/p>\n<\/blockquote>\n\n\n\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

We apply all those tags in order to begin to tell the story of the ways in which the fossil fuel<\/a> lobbying these companies are doing is hurting some of their other clients, or working against what their other clients are attempting to achieve on climate,\" James Browning, director and founder of F Minus, explained. \"Then there's also an advocacy piece where we call on these other clients to drop these fossil fuel lobbying firms,\" he added.<\/p>\n\n\n\n

Tremont Strategies did not comment on requests. Musk, the billionaire Tesla CEO, also leads the Department of Government Efficiency. DOGE has eliminated over $60 million from the Environmental Protection Agency's budget since Trump was sworn in in January, and cancelled over 400 grants aimed at air and water quality and extreme weather resilience of communities nationwide.<\/p>\n\n\n\n

Browning stated that in collaborating with lobbyist companies affiliated with Tesla, Harvard and other institutions are sanctioned the company's work with Musk. <\/p>\n\n\n\n

\n

\"They're kind of normalizing and empowering this company to do business with Musk and DOGE who are among the largest threats on climate in general today,\" <\/p>\n<\/blockquote>\n\n\n\n

Browning stated. <\/p>\n\n\n\n

Harvard representative Amy Kamosa did not respond to Harvard's collaboration with Tremont Strategies.<\/p>\n\n\n\n

Harvard is working<\/a> in association with Tremont Strategies presently on the Allston I-90 Multimodal Project, an infrastructure development project to replace existing highway ramps with a new grid system permitting development on University-owned land.<\/p>\n\n\n\n

Meanwhile, Harvard has made its own climate commitments. Harvard aims to be fossil fuel neutral by 2026, according to the University's Sustainability Office. Browning indicated that he thinks it's \"incompatible with Harvard's values\" to hire Tremont Strategies.<\/p>\n\n\n\n

F Minus has effectively pushed universities to sever their relationships with lobbying companies previously. They pushed John Hopkins University out of its relationship with a \"coal lobbyist,\" Browning reports. But he acknowledged Harvard might be reluctant to switch lobbying companies since the I-90 project is still in planning stages.<\/p>\n\n\n\n

Cole A. Cochrane '27, Policy Director of the Harvard Undergraduate Clean Energy Group, added that he wishes Harvard would sever its ties with Tremont Strategies to make a statement regarding their top \"interests, priorities, and principles.\"<\/p>\n\n\n\n

\n

\"When you've got an institution like Harvard, say one thing and do another, I think that sends a double standard to the public and to other institutions, corporations or even academic institutions broadly in the United States,\" <\/p>\n<\/blockquote>\n\n\n\n

Cochrane said <\/p>\n\n\n\n

\n

\"They're an example for not just the United States, but the world,\" <\/p>\n<\/blockquote>\n\n\n\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

F Minus, a 2023 climate accountability organization, releases lists of lobbying firms that represent both climate advocacy organizations and fossil fuel corporations to highlight the loyalties of these lobbying firms to conflicting client objectives.<\/p>\n\n\n\n

We apply all those tags in order to begin to tell the story of the ways in which the fossil fuel<\/a> lobbying these companies are doing is hurting some of their other clients, or working against what their other clients are attempting to achieve on climate,\" James Browning, director and founder of F Minus, explained. \"Then there's also an advocacy piece where we call on these other clients to drop these fossil fuel lobbying firms,\" he added.<\/p>\n\n\n\n

Tremont Strategies did not comment on requests. Musk, the billionaire Tesla CEO, also leads the Department of Government Efficiency. DOGE has eliminated over $60 million from the Environmental Protection Agency's budget since Trump was sworn in in January, and cancelled over 400 grants aimed at air and water quality and extreme weather resilience of communities nationwide.<\/p>\n\n\n\n

Browning stated that in collaborating with lobbyist companies affiliated with Tesla, Harvard and other institutions are sanctioned the company's work with Musk. <\/p>\n\n\n\n

\n

\"They're kind of normalizing and empowering this company to do business with Musk and DOGE who are among the largest threats on climate in general today,\" <\/p>\n<\/blockquote>\n\n\n\n

Browning stated. <\/p>\n\n\n\n

Harvard representative Amy Kamosa did not respond to Harvard's collaboration with Tremont Strategies.<\/p>\n\n\n\n

Harvard is working<\/a> in association with Tremont Strategies presently on the Allston I-90 Multimodal Project, an infrastructure development project to replace existing highway ramps with a new grid system permitting development on University-owned land.<\/p>\n\n\n\n

Meanwhile, Harvard has made its own climate commitments. Harvard aims to be fossil fuel neutral by 2026, according to the University's Sustainability Office. Browning indicated that he thinks it's \"incompatible with Harvard's values\" to hire Tremont Strategies.<\/p>\n\n\n\n

F Minus has effectively pushed universities to sever their relationships with lobbying companies previously. They pushed John Hopkins University out of its relationship with a \"coal lobbyist,\" Browning reports. But he acknowledged Harvard might be reluctant to switch lobbying companies since the I-90 project is still in planning stages.<\/p>\n\n\n\n

Cole A. Cochrane '27, Policy Director of the Harvard Undergraduate Clean Energy Group, added that he wishes Harvard would sever its ties with Tremont Strategies to make a statement regarding their top \"interests, priorities, and principles.\"<\/p>\n\n\n\n

\n

\"When you've got an institution like Harvard, say one thing and do another, I think that sends a double standard to the public and to other institutions, corporations or even academic institutions broadly in the United States,\" <\/p>\n<\/blockquote>\n\n\n\n

Cochrane said <\/p>\n\n\n\n

\n

\"They're an example for not just the United States, but the world,\" <\/p>\n<\/blockquote>\n\n\n\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

<\/p>\n","post_title":"The hidden lobby: How corporations use charities to shape policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-hidden-lobby-how-corporations-use-charities-to-shape-policy","to_ping":"","pinged":"","post_modified":"2025-04-13 11:52:41","post_modified_gmt":"2025-04-13 11:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7537","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":42},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Climate responsibility firm F Minus will publish a report linking Harvard to Tesla <\/a>via a common lobbying firm, Tremont Strategies, and is calling on the University to distance itself from the lobbyists.<\/p>\n\n\n\n

F Minus, a 2023 climate accountability organization, releases lists of lobbying firms that represent both climate advocacy organizations and fossil fuel corporations to highlight the loyalties of these lobbying firms to conflicting client objectives.<\/p>\n\n\n\n

We apply all those tags in order to begin to tell the story of the ways in which the fossil fuel<\/a> lobbying these companies are doing is hurting some of their other clients, or working against what their other clients are attempting to achieve on climate,\" James Browning, director and founder of F Minus, explained. \"Then there's also an advocacy piece where we call on these other clients to drop these fossil fuel lobbying firms,\" he added.<\/p>\n\n\n\n

Tremont Strategies did not comment on requests. Musk, the billionaire Tesla CEO, also leads the Department of Government Efficiency. DOGE has eliminated over $60 million from the Environmental Protection Agency's budget since Trump was sworn in in January, and cancelled over 400 grants aimed at air and water quality and extreme weather resilience of communities nationwide.<\/p>\n\n\n\n

Browning stated that in collaborating with lobbyist companies affiliated with Tesla, Harvard and other institutions are sanctioned the company's work with Musk. <\/p>\n\n\n\n

\n

\"They're kind of normalizing and empowering this company to do business with Musk and DOGE who are among the largest threats on climate in general today,\" <\/p>\n<\/blockquote>\n\n\n\n

Browning stated. <\/p>\n\n\n\n

Harvard representative Amy Kamosa did not respond to Harvard's collaboration with Tremont Strategies.<\/p>\n\n\n\n

Harvard is working<\/a> in association with Tremont Strategies presently on the Allston I-90 Multimodal Project, an infrastructure development project to replace existing highway ramps with a new grid system permitting development on University-owned land.<\/p>\n\n\n\n

Meanwhile, Harvard has made its own climate commitments. Harvard aims to be fossil fuel neutral by 2026, according to the University's Sustainability Office. Browning indicated that he thinks it's \"incompatible with Harvard's values\" to hire Tremont Strategies.<\/p>\n\n\n\n

F Minus has effectively pushed universities to sever their relationships with lobbying companies previously. They pushed John Hopkins University out of its relationship with a \"coal lobbyist,\" Browning reports. But he acknowledged Harvard might be reluctant to switch lobbying companies since the I-90 project is still in planning stages.<\/p>\n\n\n\n

Cole A. Cochrane '27, Policy Director of the Harvard Undergraduate Clean Energy Group, added that he wishes Harvard would sever its ties with Tremont Strategies to make a statement regarding their top \"interests, priorities, and principles.\"<\/p>\n\n\n\n

\n

\"When you've got an institution like Harvard, say one thing and do another, I think that sends a double standard to the public and to other institutions, corporations or even academic institutions broadly in the United States,\" <\/p>\n<\/blockquote>\n\n\n\n

Cochrane said <\/p>\n\n\n\n

\n

\"They're an example for not just the United States, but the world,\" <\/p>\n<\/blockquote>\n\n\n\n

he continued. <\/p>\n\n\n\n

\n

\"We ought not to have hypocrisy as an institution that is all about being honest.\"<\/p>\n<\/blockquote>\n","post_title":"Harvard faces pressure to drop fossil fuel-linked lobbying firm","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"harvard-faces-pressure-to-drop-fossil-fuel-linked-lobbying-firm","to_ping":"","pinged":"","post_modified":"2025-04-18 18:44:07","post_modified_gmt":"2025-04-18 18:44:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7554","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7561,"post_author":"7","post_date":"2025-04-17 20:30:02","post_date_gmt":"2025-04-17 20:30:02","post_content":"\n

Corporate America\u2019s strongest opponent is initiating a lobbying group focused on \u201clong-term corporate oversight\u201d of diversity policies in companies.<\/p>\n\n\n\n

Robby Starbuck, labeled a boardroom boogeyman for pushing companies like Walmart, Lowe\u2019s, and Harley-Davidson to drop their DEI initiatives, informed Semafor about his intention to establish a lobbying group \u201cto make sure this never occurs again.\u201d<\/p>\n\n\n\n

Starbuck said he has gotten a \u201cblank check\u201d offer from at least one big Republican donor. \u201cThe catch is: they want the ability to kill stories\u201d \u2014 Starbuck said he considers himself a journalist \u2014 \u201cand pick targets. And I just don\u2019t work that way.\u201d<\/p>\n\n\n\n

In an extensive interview on his Tennessee farm, Starbuck looked back at his campaign, which started around X last year and has subsequently pushed huge overhauls in at least more than a dozen firms with a total market capitalization of over $2 trillion. His efforts are precise and his reach has been propagated by individuals such as Elon Musk<\/a>:<\/p>\n\n\n\n

\n

\"I get along well with Elon,\" <\/p>\n<\/blockquote>\n\n\n\n

he states \u2014 and far-right celebrities.<\/p>\n\n\n\n

His advances often begin with a LinkedIn message to the CEO, and he said he treats seriously the non-disclosure contracts he signs with companies in order to permit honest discussions. How honest? \"I can't tell you how many times I've had [CEOs] say, 'No way, we're not going to do that\u2026 and then, 'Oh, crap, we're going to do that.'\"<\/p>\n\n\n\n

Starbuck indicated he's counseled some agency leaders as they seek to meet a White House directive to name DEI \"worst offenders.\" But he indicated he wouldn't work for the administration, and cited a number of places where he differs with its policies, including expediting the bird flu vaccine (he ran against mandates regarding masking and the Covid-19 vaccine) and the administration's attack on free speech in the name of combating censorship.<\/p>\n\n\n\n

They need to be careful with that,\" he said. \"If it's individuals doing nasty things, seizing schools, sure, go ahead\u2026 but you need to set precedent that you will be fine with down the road.<\/p>\n\n\n\n

Starbuck indicated that he's advocating for \"corporate neutrality\" alone. \"I don't want to make the Fortune 500 <\/a>right-wing companies,\" he stated. He indicated that he's attempting to avoid \"a situation where we have totally parallel economies,\" with blue brands and red brands, because \"it's going to hurt our economy, and it's going to hurt our country.\"<\/p>\n","post_title":"Robby Starbuck plans lobbying group to challenge corporate DEI policies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robby-starbuck-plans-lobbying-group-to-challenge-corporate-dei-policies","to_ping":"","pinged":"","post_modified":"2025-04-18 20:35:48","post_modified_gmt":"2025-04-18 20:35:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7546,"post_author":"7","post_date":"2025-04-14 19:46:21","post_date_gmt":"2025-04-14 19:46:21","post_content":"\n

An activist investor has asked IBM to report on its lobbying activities, which he claims involve the expenditure of \"dark money\" on groups that campaign against climate change reporting and bills.<\/p>\n\n\n\n

In advance of IBM's April 29 annual meeting of stockholders, Big Blue shareholder and activist investor John Chevedden filed a letter<\/a> this week through the Securities and Exchange Commission urging fellow investors to support a proposal that would urge IBM to \"improve\" its lobbying disclosure, both directly to the government and, allegedly, through \"dark money.\"<\/p>\n\n\n\n

The letter criticises IBM's disclosure of lobbying as insufficient and risky to shareholders. \"Dark money\" spending on trade associations and social welfare organisations poses unidentified dangers, he says, and urges IBM to include information on its lobbying in a shareholder annual report.<\/p>\n\n\n\n

For instance, IBM belongs to the Business Roundtable that has been in opposition to the Securities and Exchange Commission's rules requiring disclosure of climate risk. IBM also belongs to the Chamber of Commerce, which is said to be a \"central actor\" in discouraging climate legislation for two decades.<\/p>\n\n\n\n

Internationally, IBM claims it wishes to reduce the risk of climate change. In its 2023 Environmental, Social and Governance (ESG) report, it reported that IBM had been \"committed for decades to addressing climate change through the company's energy conservation and climate protection programs.<\/p>\n\n\n\n

Requirements over spending on business associations imply companies can donate limitless sums to independent groups who then spend<\/a> millions engaging in lobbying as well as frequent, not-yet-disclosed grassroots efforts, the letter maintains.<\/p>\n\n\n\n

Chevedden states, \"IBM stockholders are a victim of a trade association blind spot, because IBM does not disclose its trade association payments, nor the percentage of these payments spent on lobbying<\/a>. IBM's memberships in 13 trade associations, such as the Business Roundtable and US Chamber of Commerce, have collectively spent more than $2.3 billion in federal lobbying since 1998. But stockholders have no way of knowing how much of IBM's payments to each is spent on lobbying.<\/p>\n\n\n\n

In lobbying to US Federal Government, IBM invested $78.2 million between 2010 and 2024, and $22.2 million between 2021 and 2024, the letter adds.<\/p>\n\n\n\n

Yet lobbying on a state level is less transparent. Chevedden's letter states that 98 percent of the S&P 500 did not report state-specific lobbying figures to stockholders, a 2023 study found. In California alone, where it is required to disclose, IBM spent $1.28 million between 2010 and 2024 on lobbying, it states. \"IBM's existing lobbying disclosures are insufficient to safeguard stockholder interests,\" the letter asserts.<\/p>\n\n\n\n

Chevedden has spent decades agitating the US corporate titans such as General Motors, eBay, and Google on their governance. While critics say such efforts are a waste of time, his proposals have passed shareholder approval at Netflix and Texas Instruments, reports say.<\/p>\n","post_title":"Shareholder says IBM\u2019s lobbying lacks transparency & oversight","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"shareholder-says-ibms-lobbying-lacks-transparency-oversight","to_ping":"","pinged":"","post_modified":"2025-04-14 19:46:21","post_modified_gmt":"2025-04-14 19:46:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7546","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7515,"post_author":"7","post_date":"2025-04-13 10:48:57","post_date_gmt":"2025-04-13 10:48:57","post_content":"\n

The leader of France's Medef business lobby group cautioned on Wednesday that extensive U.S. tariffs might adversely affect economic growth and potentially trigger a recession. He called on authorities to implement measures that would enhance the competitiveness of French businesses.<\/p>\n\n\n\n

\n

\"The risk is that growth will stall and that we go into a recession,\" <\/p>\n<\/blockquote>\n\n\n\n

Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on French businesses.<\/p>\n\n\n\n

On Wednesday, U.S. President Donald Trump's \"reciprocal\" tariffs <\/a>came into force for multiple countries, featuring a substantial 104% duty on imports from China, intensifying his international trade conflict as he geared up for talks with several nations.<\/p>\n\n\n\n

\n

\"We must very rapidly act to improve the competitiveness of French businesses... This means protecting consumption, notably not over-burdening taxpayers, households as well as businesses,\" <\/p>\n<\/blockquote>\n\n\n\n

Martin said.<\/p>\n\n\n\n

In response to inquiries regarding Martin's demand, Marc Ferracci, the French industry minister, stated on Franceinfo radio: <\/p>\n\n\n\n

\n

\"We are addressing this in parliament, which involves discussing the possibility of lowering taxes, especially production taxes.\"<\/p>\n<\/blockquote>\n\n\n\n

Ferracci once again urged French companies to halt investments in the United States, citing the tensions between France, Europe, and Trump's administration regarding tariffs.<\/p>\n\n\n\n

\"We are saying suspend your investments given this very complicated moment in time. We are currently in a situation of high confusion. Investments that had been foreseen have now been made uncertain,\" Ferracci said.<\/p>\n\n\n\n

Ferracci, who met with representatives from French industry late Tuesday, emphasized the importance of analyzing the potential effects of tariffs on sectors like aerospace, cosmetics, aeronautics, and luxury goods to<\/a> fine-tune the European Union's response. That response must be \"firm and proportionate\" to avoid an escalation that would hit jobs, he added.<\/p>\n","post_title":"French business lobby warns of economic chill amid U.S. trade war","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"french-business-lobby-warns-of-economic-chill-amid-u-s-trade-war","to_ping":"","pinged":"","post_modified":"2025-04-13 10:48:57","post_modified_gmt":"2025-04-13 10:48:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7515","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7537,"post_author":"7","post_date":"2025-04-12 11:43:36","post_date_gmt":"2025-04-12 11:43:36","post_content":"\n

Charities with corporate leaders on their boards spend $130,000 annually lobbying on behalf of their affiliated corporations. That's based on a groundbreaking study that reveals how corporations reap the rewards of their charitable activities \u2014 and how charities might be more-than-too-willing to help out their influential board members in exchange for well-paying affiliations.<\/p>\n\n\n\n

The authors of the study tell the BBC the research could enable policymakers and stakeholders at charities to monitor a hitherto unknown way in which politics can infiltrate charities, but that these types of agreements are entirely lawful at present.<\/p>\n\n\n\n

\n

\u201cCharities have something to gain by acting this way. It doesn't always have to be corporations forcing charities to act the way they don't want to,\" <\/p>\n<\/blockquote>\n\n\n\n

commented Sehoon Kim, Ph.D., a finance professor at the University of Florida and senior author of the new study. <\/p>\n\n\n\n

\"It's a natural quid pro quo relationship that emerges from the incentives that corporations and charities have.<\/p>\n\n\n\n

The American Medical Association (AMA) reveals one such instance of these incentives at work. During the 2010s, they vehemently lobbied against measures by federal authorities to limit prescriptions of opioids. This helped players such as Purdue Pharma, the manufacturer of OxyContin, blamed extensively for aggravating the U.S. opioid crisis.<\/p>\n\n\n\n

It so happened that the company's top executive, Richard Sackler, was a member of the AMA Foundation board, a tie many considered problematic at the time. But Sackler had set up millions in donations to the foundation, and other charities are probably hoping corporate board members will assist in brokering big donations for their philanthropic efforts by bringing charities together with other companies and deep-pocketed leaders.<\/p>\n\n\n\n

A coordinated lobbying campaign on behalf of the<\/a> new friends, therefore, quite possibly is simply the most cost-effective means for guaranteeing such donations continue unabated. Kim worked with UF Professor Joel Houston, Ph.D., and Changhyun Ahn, Ph.D., Chinese University of Hong Kong, on the analysis that is soon to be published in the journal Management Science.<\/p>\n\n\n\n

They laboriously hand-sorted information on over 400 charities and over 1,000 corporations that reported board relationships, contributions and lobbying efforts that were both within and outside of the charities' normal political activity. Researchers selected larger charities that already do some lobbying on their own interests. The lobbying charities are three times more substantial than smaller nonprofits that never lobby.<\/p>\n\n\n\n

Once a new corporate board member was added, these charities altered their behavior. They were much more likely to lobby on behalf of issues outside of their own interests and to even work to pass or kill legislation that impacted their new board member's company, even when the legislation had nothing to do with their charitable cause. It translated to roughly a 14% increase in the charity's lobbying <\/a>budget.<\/p>\n\n\n\n

\n

\"These were the smoking guns that there's something going on that's not supposed to be happening,\" <\/p>\n<\/blockquote>\n\n\n\n

Kim said. <\/p>\n\n\n\n

Since lobbying is such a cost-effective utilization of resources, and since charities can lend their warm brand name to these lobbying efforts, such assistance from charities could greatly<\/a> work to the benefit of these tied corporations.<\/p>\n\n\n\n

These are heretofore unappreciated channels at work when it comes to corporate political power that policymakers should take into consideration when determining how powerful corporations will be,\" Kim said.<\/p>\n\n\n\n

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