DealBook: How Executives Vote With Their Wallets [The New York Times]
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Source: The New York Times
DealBook Business and Policy The Business Roundtable, the top lobbying organization for industry in Washington, is often characterized as a nonpartisan or bipartisan organization. It represents more than 200 large companies — from oil giants to sweethearts — with more than $7 trillion of revenue and more than 15 million workers of all political stripes. But nobody is truly apolitical, and in an age when we increasingly see our leaders filling the vacuum left by our political leaders So a team of Harvard professors set out to find the political inclinations of top executives — not just the 200 who make up the Business Roundtable, but all the executives of the S&P 1500, a stock index that covers 90 percent of the United States’ market capitalization. Rather than look at party affiliation or public statements, the researchers — Alma Cohen, Moshe Hazan, Roberto Tallarita and David Weiss — looked at the truest measure of political leanings: They followed the money. For the study, to be r
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