Skip to comments.Shareholder shove comes to PUSH ( Jesse Jackson Alert )
Posted on 05/04/2006 8:56:13 AM PDT by george76
A shareholder group is gaining momentum in its efforts to pressure companies to disclose charitable giving -- with donations linked to the Rev. Jesse Jackson...
The National Legal and Policy Center has stepped up efforts to require corporations to disclose more details about their donations...
The Rainbow/PUSH Citizen Education Fund, which in 2001 provided payments to Jackson's former mistress.
The Church Falls, Va.-based non-profit group hit two shareholders meetings this week -- Boeing on Monday and PepsiCo Inc. on Wednesday.
"Many shareholders would certainly object to their money going to a controversial and divisive figure like Jesse Jackson," said Peter Flaherty, NLPC president.
"Shareholders deserve to know where their money is going and for what purpose, especially if it is directly contrary to their interests as shareholders."
The proposal would have required PepsiCo to provide information semi-annually about contributions to non-profit groups, the benefits of the donations and the personnel making such decisions.
PepsiCo, which initially sought to exclude the proposal from the proxy, responded, saying last year it began providing more information on its Web site regarding its corporate giving.
since 1991 -- NLPC has been critical of Jackson, saying he uses his organizations to "shake down" U.S. corporations.
"We don't consider Jesse Jackson's groups legitimate charities, and we think it's not appropriate for big companies to bankroll him,"...
Last year, the Federal Election Commission fined the CEF and the Rainbow/PUSH Coalition $100,000 for campaign finance violations, saying the Democratic National Committee paid the groups $450,000 to offset the costs of a voter registration drive to get more Democrats to the polls during the 2000 presidential election.
Jackson refiled federal tax returns to reflect that money from the CEF was used to pay his mistress, Karin Stanford...
(Excerpt) Read more at suntimes.com ...
I ahve known Peter Flaherty and Ken Boehm since my days in Young Americans for Freedom, and this is excellent work that they are doing. Next maybe we can get Operation PUSHy audited.
When is charitable giving used for charity?
It is a protection fee. Get RICO on his case.
That is it.
No more Pepsi.
We are switching.
Sometimes it's cheaper to pay the scum you know than the scum you don't know...........
Tell Peter Flaherty and Ken Boehm that we wish them well.
PUSH should be audited.
I read a while ago, that PUSH was in trouble with the IRS for not filing annual tax returns on time.
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