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The blue-chip political investment for big business is Clinton Inc.
Twenty-nine of the 30 Dow Jones (INDU)Industrial Average index companies have given money or in-kind support to projects branded by Bill, Hillary and Chelsea Clinton, according to a review of Clinton Foundation and U.S. State Department reports.
The main gates to Clintonworld are the Clinton Foundation, an umbrella group overseeing the former president’s causes such as raising money to help earthquake-ravaged Haiti, and its spinoff Clinton Global Initiative, which recruits corporate sponsors for international charitable projects. Major corporations also responded to a call for cash from the State Department during Hillary Clinton’s tenure.
Twenty-five of the Dow’s 30 corporations have contributed directly to the Clinton charities; 27 announced philanthropic projects through the Global Initiative; and 16 helped underwrite a $60 million U.S. pavilion at the 2010 Shanghai Expo.
The companies listed on the Dow Jones Industrial Average, which are leaders in their industries, collectively spent $193 million last year lobbying the federal government and the U.S. Congress, according to the Washington-based Center for Responsive Politics. Issues they advocated on varied from tax breaks to clean water regulations to curbing government surveillance and data-collection programs.
As Hillary Clinton considers a 2016 presidential bid, the symbiotic relationship between her family and corporate givers has shareholders, consumer advocates and ethics watchdogs wary about conflicts of interest.
Read the full story: www.bloomberg.com
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