100 Business Leaders Pledge Not to Donate to Incumbents

Thursday, 25 Aug 2011 12:16 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
More than 100 business leaders have signed Starbucks CEO Howard Schultz’s pledge to withhold donations to incumbent political candidates until Washington demonstrates real progress in reining in deficit spending, reports Politico.


“As many of our political leaders campaign and vacation, the U.S. economy remains in a cycle of fear and uncertainty,” Schultz wrote in a letter addressed to his “fellow leaders.”


Schultz has received a swell of support since launching his effort last week. His pledge calls not only for a bipartisan, long-term debt deal but also for acceleration in job growth rate and the economy as a whole.


Those who have signed the pledge include Tim Armstrong, chairman and CEO of AOL; Mickey Drexler, chairman and CEO of J.Crew Group; Duncan Niederauer, CEO of NYSE Euronext; and billionaire investor Pete Peterson.


“We can provide strong leadership on the employment challenges our nation faces,” Schultz insists. “While economic headwinds affect each of our companies in distinct ways, we can all think creatively about how to accelerate job creation and growth as a collective engine for the country. We have to pull this economy forward. We have to lead.”


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Democrats Keep Obama at Distance Ahead of Mid-Term Elections

Friday, 29 Aug 2014 22:00 PM

Barack Obama's Democrats are walking a tightrope 10 weeks before US congressional elections: do they solicit the unpopul . . .

Mitch McConnell's Campaign Manager Resigns Amid Iowa Scandal

Friday, 29 Aug 2014 21:55 PM

Senate Minority Leader Mitch McConnell's campaign manager resigned Friday amid fallout from a scandal in Iowa involving  . . .

Obama: GOP Captive to Ideologically Rigid Group

Friday, 29 Aug 2014 21:17 PM

President Barack Obama on Friday blamed dysfunction in Congress on a Republican Party he said is captive to an ideologic . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved