Simons didn't give money to Ted Cruz, so far as I know. He's always been a Democrat. It was one of his colleagues, the present Co-CEO who gave to Cruz.
The company's been having trouble with taxes, so the bosses there are making extra-large donations to both parties.
But no, Simons and Robert Mercer, the Cruz donor, know that Hillary and Ted aren't the same, and neither donor is swinging from party to party.
For $13m in ‘donations’ just to Cruz, those must be some SERIOUS tax problems they’re trying to avoid.
Ping to 184. Another explanation for what the real story is. People jumping to conclusions is so much more fun!
So, as you dig more into the story, as x has done, you find that it’s not exactly correct. James Simons (net worth estimated around $15.5 billion) is the founder of Rennaisance Technologies, he is a long time democrat donor. He was the CEO but semi-retired in 2009 and retained a board chair. Robert Mercer is the current co- CEO with Peter Brown. Robert Mercer is a long time republican donor. So the company, led by a republican donor, is making large donations to Cruz. Simons is making large donations to Hillary. And is reported in this article in a way that leads you to believe that once Cruz dropped out that the person who was making large donations to Cruz is now making large donations to Hillary.