100 Business Leaders Pledge Not to Donate to Incumbents

Thursday, 25 Aug 2011 12:16 PM

  Comment  |
   Contact  |
  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.

  Comment  |
   Contact  |
  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:
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

Next Partisan 'War' in New Congress Will Be Over Science

Friday, 28 Nov 2014 19:58 PM

After midterm battles, an immigration standoff and amid a switch of power in Congress, the next political fight in Washi . . .

Dems Add Warner to Leadership to Balance Warren

Friday, 28 Nov 2014 19:35 PM

Senate Democrat leaders have added Virginia Sen. Mark Warner to their team as a policy development advisor in hopes of a . . .

It's Beginning to Look a Lot like 2016 to GOP Govs

Friday, 28 Nov 2014 11:40 AM

A half-dozen potential Republican presidential contenders spent last week peacocking through the sprawling, manicured gr . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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