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:
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

New York Congressman's Trial Put Off Until 2015

Tuesday, 21 Oct 2014 17:59 PM

A New York congressman's tax evasion trial has been put off until next year.U.S. District Judge Pamela Chen told lawyers . . .

Hillary: Dems Must Get Out and Vote in Midterms

Tuesday, 21 Oct 2014 17:03 PM

Hillary Clinton, in a passionately political speech, accused Republicans of national "amnesia" about failed GOP policies . . .

Former President Clinton Stumps for Quinn, Durbin

Tuesday, 21 Oct 2014 16:45 PM

Former President Bill Clinton became the latest high-profile Democrat to back the re-election bids of Gov. Pat Quinn and . . .

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