100 CEOs pledge no more campaign contributions til Washington begins to cooperate!
August 25, 2011
Starbucks CEO has gotten more more than 100 CEOs to sign a pledge to halt all political campaign contributions until lawmakers, as Schultz puts it, “stop the partisan gridlock in Washington, D.C.”
CNN Money reports:
Last week, he mounted a one-man bull rush against a political culture that has “chosen to put partisan and ideological purity over the well being of the people.”
Schultz said he was going to stop writing checks, and he asked other CEOs to join him.
They have. AOL’s Tim Armstrong, Frontier Communications’ Maggie Wilderotter, Zipcar’s Scott Griffith, Whole Foods’ Walter Robb and Intuit’s Bill Campbell have all signed up.
The goal is to hit lawmakers right where it hurts: the pocketbook. “All it seems people are interested in is re-election,” Schultz told CNNMoney last week. “And that re-election — the lifeblood of it is fundraising.”
While Schultz’s original appeal was to CEOs, he hopes that everyday Americans will join in.
“This is just the beginning of what I think is going to be a groundswell of support to hold back contributions,” he said Tuesday.