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Judd Legum Profile picture
@JuddLegum
Jun 8, 2020 • 13 tweets • 10 min read • Read on X
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1. Companies publicly embracing the Black Lives Matter movement are among the largest corporate contributors to Tom Cotton

They're bankrolling a senator advocating a military occupation of cities where people are protesting

Will they stop funding him?

popular.info/p/these-compan…
2. @ATT has posted explicit support for the protests and messages on Twitter expressing solidarity with the Black Lives Matter movement

They've also one of the top 5 corporate contributors to Cotton, donating 21K

Will @ATT keep back backing Cotton?

popular.info/p/these-compan… Image
@ATT 3. I asked and @ATT sent me a long statement about their commitment to civil rights that did not say whether or not they would continue to financially support Cotton

It's easy to tweet a black square

It's harder to commit to political action

popular.info/p/these-compan… Image
4. @rashadrobinson of @ColorOfChange says corporations can't split the baby:

"You can’t say Black Lives Matter...and give your dollars and support to political leaders who unabashedly advance policies, people and practices that will kill us"

popular.info/p/these-compan…
5. This thread will continue but if you value independent accountability journalism, please sign up for my newsletter, Popular Information.

Don't rely on social media algorithms to surface important info.

Take control.

Sign up --> popular.info/subscribe
6. If corporations support racial justice, deciding whether to donate to Cotton shouldn't be hard. He's to the right of Trump on criminal justice. He's rated 6% by the NAACP. He believes America has an "under-incarceration problem"

popular.info/p/these-compan…
7. @PwC (PricewaterhouseCoopers) tweeted a black square on June 2 in support of Black Lives Matter

The company has also donated $22.5K to Cotton

In a statement to popular.info, PwC did not say whether they would donate to Cotton in the future

popular.info/p/these-compan… Image
@PwC 8. @CocaCola tweeted its support for Black Lives Matter, saying it was committed to joining "the effort to end systemic racism."

It has also donated $19.5K to Cotton

Asked whether the company would continue to donate to Cotton, it did not respond Image
@PwC @CocaCola 9. Walmart's CEO said the company has an obligation to combat racial inequality and create "lasting change."

It has also donated 18.5K to Cotton

Asked whether the company would continue to donate to Cotton, Walmart did not respond

popular.info/p/these-compan… Image
@PwC @CocaCola 10. @BankofAmerica says it has a "true sense of urgency" to address "the racial injustices we have seen."

It has also donated 15K to Cotton.

Asked whether the company would continue to donate to Cotton, Bank of America did not respond

popular.info/p/these-compan… Image
@PwC @CocaCola @BankofAmerica 11. @WellsFargo says it is committed to "making a substantive change to address racial inequality and injustice."

It has also donated 15K to Cotton.

Asked whether the company would continue to donate to Cotton, Wells Fargo did not respond

popular.info/p/these-compan… Image
12. If you reach out to any of these companies and get a response. Let me know.

My DMs are open and my email is in my bio.
13. UPDATE: I just heard back from @WellsFargo on whether the company will continue to donate to Tom Cotton in light of their public support for Black Lives Matter protests

"We have no comment at this time," a company spokesperson tells me.

popular.info/p/these-compan…

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More from @JuddLegum

Judd Legum Profile picture
Mar 25
1. Yesterday, the NYT dropped a bombshell: Saudi Prince Mohammed bin Salman (MBS) has been aggressively lobbying Trump not to end the fighting and pushing him to launch a ground operation.

Why would Trump listen?

Follow the money. Image
2. Oddly, the NYT does not mention that earlier this year the Saudi government financed a $7 billion development with the Trump Organization.

These licensing deals are essentially all profit for Trump. It's putting money right in his pocket.

popular.info/p/update-after…
3. The NYT story also does not mention that Trump’s chief negotiator, his son-in-law Jared Kushner, is being paid tens of millions annually by the Saudi Public Investment Fund (PIF), which is controlled by MBS.

And Kushner is actively soliciting MBS for billions more right now. Image
Read 7 tweets
Judd Legum Profile picture
Mar 23
1. HealthEquity, the nation's largest administrator of health savings accounts, just donated $1 MILLION to Trump's Super PAC.

Previsouly, the company had never donated more than 5K to any political committee

WTF is going on?

🧵 Image
2. Today, Americans are facing dramatically increased health care costs, with millions losing coverage and 1 in 3 cutting daily living expenses to cover medical bills.

For the HSA ndustry, however, these are boom times

popular.info/p/one-companys…
3. In a triumphant March 17 earnings call, HealthEquity, the nation’s largest administrator of HSAs, reported “accelerating earnings power… significant margin expansion, and record HSA sales.”

Founder Stephen Neeleman attributed the success to Trump policy, including the "Big Beautiful Bill"
Read 8 tweets
Judd Legum Profile picture
Mar 17
1. A few months before it started a war in Iran, the Trump administration decommissioned the last of its four mine countermeasure ships. These ships were “capable of finding, classifying and destroying moored and bottom mines.”

Now the Strait of Hormuz is closed.
2. The anti-mine vessels were to be replaced with three more advanced ships. But those ships have been plagued with technical problems. And two of the three ships were just spotted in Malaysia.

popular.info/p/planning-to-…
3. Had the Trump administration been competently preparing for Iran to try to close the Strait of Hormuz, it would not have begun operations without an effective anti-mine fleet in the region.
Read 5 tweets
Judd Legum Profile picture
Mar 16
1. Jared Kushner said that, to prevent conflicts and corruption, he would not raise any funds for his private equity fund during Trump's second term.

HE LIED. Image
2. Kushner is currently seeking $5 billion from investors, including foreign governments.

Kushner reportedly tried to drum up cash while in Davos as part of the official Trump admin delegation.

popular.info/p/kushner-brea…
3. Kushner is seeking billions in additional funding from the Saudi government as he serves as one of Trump’s top negotiators with Iran. Notably, “Saudi Crown Prince Mohammed bin Salman [MBS] made multiple private phone calls to Trump” in February, advocating a U.S. attack"
Read 5 tweets
Judd Legum Profile picture
Mar 12
1. CONSUMERS paid most of Trump's tariffs, which the Supreme Court ruled were illegal.

But CORPORATIONS will receive the refunds.

Will they pass that cash back to consumers? Or pocket the money?

We asked them.

🧵
2. Popular.info contacted 18 companies that: 1. Admitted they raised consumer prices due to tariffs, and 2. Sued for tariff refunds.

We asked whether they would compensate customers via refunds or discounts.

popular.info/p/consumers-pa…
3. These are the companies we contacted:

Abercrombie & Fitch
Columbia Sportswear
GoPro
Uniqlo
Steve Madden
Crocs
EssilorLuxottica (Ray-Ban)
Lululemon
Deckers (UGG, Hoka)
Dollar General
Trek
Yeti
Helly Hansen
Brooks Running
Allbirds
Dyson
Puma
Nintendo
Read 5 tweets
Judd Legum Profile picture
Mar 9
WE STILL DON'T HAVE A CLEAR ANSWER ON THE MOST BASIC QUESTION ABOUT THE IRAN WAR

WHY did the U.S. go to war?

A Popular Information review of public statements over the last 9 days found 17 DIFFERENT EXPLAINATIONS. Many of which contradict each other.

🧵
Here is a sampling:

1. Iran’s nuclear program was “obliterated” last June, but the U.S. started the war because Iran refused to abandon its “nuclear ambitions.”

popular.info/p/9-days-in-th…
2. Absent an attack, Iran would have had a nuclear weapon within two weeks. Image
Read 10 tweets

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