Just remove their names as donors, or have they actually STOPPED their donations? Wondering why it was worded so unclearly.
Several companies yesterday refuted having having donated to PP directly from corporate charitable giving including Coke, Ford and Xerox.
PP’s corporate sponsors, about half, released statements saying that they matched employee contributions to any 501(c)3 charity. It could have been PP, it could have been Wounded Warrior etc. They didn’t discriminate. If the organization was tax qualified they matched employee giving.
The only alternative these companies had/have was to discontinue all corporate charitable matching of employees if they wanted to cut out PP from its list. We’d have a field day with companies that started tossing out matching funds for charaties we approved of or endorsed. The only alternative in this day in age of hyper partisanship is to grant all or nothing.
In all fairness to those corporate listed sponsors the following fall into the “We match employee contributions but do not specifically donate to PP out of corporate charitable funds.” Or released statements refuting general contributions to PP.
Avon, Clorox, Levi’s, American Cancer Society, United Way, Macy’s, ExxonMobil, Verizon and American Express. Interestingly enough that’s only 6 for profit enterprises that released statements to the general effect of what I’ve listed.
Adobe, AT&T, Bank of America, Bath & Body Works, Ben & Jerry’s, Converse, Deutsche Bank, Dockers, Energizer, Expedia, Groupon, Intuit, Johnson & Johnson, La Senza, Liberty Mutual, Microsoft, Nike, Oracle, PepsiCo, Pfizer, Progressive, Starbucks, Susan G. Komen, Tostitos and Unilever were all companies or organizations that have released no statements on the controversy or how corporate money ended up with PP.
I think you can bet that several of the easily identified “progressive” leaning companies have zero crisis of conscience and several more of those are shaking in their boots thinking “By God, what have we done.”
Flat out one of those companies is going to get crushed in a wave of bad PR and the market will react accordingly. Probably in a fashion that makes Carbonite’s woes seem tame in comparison.
I don’t know if more companies have released statements but there is my source.
I’m wondering the same thing.