Share this page!

Judd Legum Profile picture
Twitter logo
12 May, 6 tweets, 4 min read
1. One of the reasons I spend time talking about corporate PAC donations is that PAC donations are transparent.

But most corporate political spending is kept SECRET.

But there are some shareholders trying to change that.

popular.info/p/shareholders…
2. While 5K donations from corporate PACs are public, corporations can spend millions of dollars supporting trade associations and non-profits and keep those expenditures completely secret

popular.info/p/shareholders…
3. Most major companies send very large sums of money to the U.S. Chamber which the group uses to oppose a $15 wage and federal protections for voting rights.

This is all kept secret.

popular.info/p/shareholders…
4. Shareholders have introduced resolutions calling on companies to disclose all their political spending.

Shareholders for @Amazon, for example, will consider a transparency resolution on May 26.

The company opposes the resolution.

popular.info/p/shareholders…
5. Other companies, including @Walmart, @Lyft, and @UPS will consider similar shareholder resolutions in the next few weeks.

If these resolutions pass, it would give the public a much clearer understanding of how these companies operate politically

popular.info/p/shareholders…
6. The success of these resolutions hinges on how @Vanguard_Group and @blackrock vote, since they own so many shares.

Popular.info contacted both companies and they said they don't discuss their position on shareholder resolutions in advance

popular.info/p/shareholders…

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Judd Legum

Judd Legum Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @JuddLegum

Judd Legum Profile picture
12 May
"A Michigan lawmaker who's been at the center of efforts to question the 2020 election introduced a bill Tuesday that would require "fact checkers" to register with the state."

detroitnews.com/story/news/pol…
"The bill requires qualifying fact checkers to file proof of a $1 million fidelity bond with the Secretary of State's office"
"An 'affected person' could bring a civil action in any county district court to claim the bond for 'any wrongful conduct that is a violation of the laws of this state.'"
Read 4 tweets
Judd Legum Profile picture
12 May
1. One result of talking about this story with @chrislhayes on TV is that @MikeDuHaime, the GOP operative and crisis communications consultant advising these corporate PACs, finally responded

And his response is extremely revealing
@chrislhayes @MikeDuHaime 2. DuHaime emphasized that he was publicly "critical of member of the Republican Party who voted against certifying the election results" and "strongly condemned the attack on our democracy."

I'm sure this is true.

But it also COMPLETELY MISSES THE POINT
3. Whatever DuHaime has said publicly, behind closed doors he is helping Republicans who voted to undermine the democratic process get corporate cash.

His actions speak louder than his words.
Read 5 tweets
Judd Legum Profile picture
11 May
1. In the United States, there is a light at the end of the tunnel. It really looks like we can control COVID if more people get vaccinated.

But a UNITED STATES SENATOR, @SenRonJohnson, is actively undermining this effort.

WTF

popular.info/p/senator-anti…
@SenRonJohnson 2. On Fox News this Sunday, @SenRonJohnson warned against the "indiscriminate vaccination of everybody."

Last week Johnson went on a radio show and, using faulty data, falsely claimed that 3,000 people had died shortly after taking a COVID vaccine

popular.info/p/senator-anti…
3. On the same radio show, @SenRonJohnson falsely claimed it was dangerous to get vaccinated if you've already contracted COVID.

He's previously said that he didn't need the vaccine because he had COVID.

popular.info/p/senator-anti…
Read 7 tweets
Judd Legum Profile picture
10 May
1. I've obtained video, emails, and other docs that reveal how corporate PACs are plotting to "move beyond" 1/6 and start donating to the Republicans who voted to overturn the election

And how they'll spin it to the public

Follow along if interested

popular.info/p/exclusive-ho…
2. The trove of information comes from @nabpac, the trade association for corporate PACs.

Board members include @Microsoft, @KraftHeinzCo, @LillyPad, @HomeDepot, and @Cigna.

It's an unprecedented look behind the curtain.

popular.info/p/exclusive-ho…
@nabpac @Microsoft @KraftHeinzCo @LillyPad @HomeDepot @Cigna 3. A March @nabpac webinar featured GOP operative @MikeDuHaime

DuHaime said corps should not feel pressured to withhold money from GOP objectors but should "do what's right for your organization" and "deal with the fallout."

popular.info/p/exclusive-ho…
Read 11 tweets
Judd Legum Profile picture
9 May
Just FYI, Jeff Bezos is building a $500 million BOAT

bloomberg.com/news/features/…
Jeff Bezos is paying about twice as much to build this boat as he paid for The Washington Post
The $500 million boat has sails so they can't fit a helipad so Bezos has "commissioned a support yacht" which will have a helipad
Read 5 tweets
Judd Legum Profile picture
6 May
1. I've been a longtime skeptic of the Facebook @OversightBoard and remain one but I was pretty impressed with the decision it released yesterday.

Here's why.

popular.info/p/facebooks-pr…
@OversightBoard 2. First the @OversightBoard called out Facebook directly for trying to use the Oversight Board as a mechanism to avoid accountability.

There were direct: "Facebook seeks to avoid its responsibilities. The Board declines Facebook’s request"

popular.info/p/facebooks-pr…
@OversightBoard 3. The @OversightBoard also understood that this is not just about Trump. IT'S ABOUT THE ALGORITHM.

So the Board asked Facebook about the algorithm and how it amplified Trump and all the lies that set the stage for January 6

Facebook REFUSED TO ANSWER

popular.info/p/facebooks-pr…
Read 10 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @JuddLegum has new unrolls!

Check out other threads from @JuddLegum!

Read all threads by @JuddLegum

:(