No more money for you Jesse!
Posted on 01/11/2005 3:52:42 PM PST by Next_Time_NJ
"The NYSE cut-off is a dramatic step that puts the individual companies that bankroll Jackson on the spot. It is a lot harder for the Verizons and PepsiCos to argue that there's nothing wrong with supporting Jackson's groups. We plan to intensify our campaign against these companies and several others."
(Excerpt) Read more at releases.usnewswire.com ...
Jackson will one day be ashamed of his brazen extortion at the expense of those who honestly seek racial balance... ...or he will not be ashamed...and that unwillingness to repent will put Jesse in a eternally dangerous position.
Fess up Jesse, fess up...come clean while you are still able.
a eternally = an eternally
bttt
WASHINGTON, Jan. 1 /U.S. Newswire/ -- Peter Flaherty, president of the National Legal and Policy Center (NLPC), today reacted to the New York Stock Exchange's decision not to provide funds for Jesse Jackson's 2005 Wall Street Conference, opening today in New York City. The NYSE had helped underwrite the event in previous years.
The NYSE action is in apparent response to requests made by NLPC, and is reported by CNSNews.com today
Flaherty commented, "I am encouraged that the NYSE has now apparently met our request to cut off Jackson. It looks like the Exchange takes corporate ethics seriously. One of the last vestiges of Richard Grasso's failed legacy has been swept away."
On September 29, 2003, NLPC urged then-interim NYSE Chairman John Reed to "cease and desist" from further NYSE support for Jackson. On October 23, 2003, media reports indicated that the NYSE had denied Jackson use of the Exchange floor for a fundraising gala connected to the 2004 Wall Street Conference, but that it would remain a financial supporter.
On January 12, 2004, Flaherty wrote incoming NYSE CEO John Thain applauding the denial of Jackson's use of the Exchange floor, but stating that continued financial support of Jackson's groups was "unacceptable."
Flaherty continued, "This move is significant because once an institution has been successfully shaken down by Jackson, it is difficult to escape him in future years. Jackson can never really be bought, only rented."
"Jesse Jackson has made repeated trips to Ohio in an attempt to overturn the results of the presidential election. He led a march on the Ohio Supreme Court and demand it award Ohio's electoral votes to John Kerry. These are the actions of a demagogue. It is inappropriate to force the customers and shareholders of American corporations to subsidize these activities."
"The NYSE cut-off is a dramatic step that puts the individual companies that bankroll Jackson on the spot. It is a lot harder for the Verizons and PepsiCos to argue that there's nothing wrong with supporting Jackson's groups. We plan to intensify our campaign against these companies and several others."
In recent weeks, NLPC has filed shareholder resolutions with Verizon, PepsiCo and Fannie Mae to end their support of Jackson's groups. Verizon and PepsiCo have appealed to the Securities and Exchange Commission to exclude NLPC's proposals.
In 2001, NLPC filed a formal IRS Complaint against the so- called Citizenship Education Fund (CEF), Jesse Jackson's largest nonprofit group. The Complaint alleges that Jackson, his family and friends have become wealthy through the operation of the CEF. The Complaint cites news articles detailing Jackson's "opulent lifestyle."
In 2003, NLPC organized and led a widely publicized protest of NASCAR's support for Jesse Jackson's organizations. NASCAR acknowledged on its own website that it was the most heated protest it had ever faced.
Good news but I'll wait for the NYSE to issue a statement as to why.
Oh darn, now we'll never solve the problems of African Americans!
I dont know the reason the NYSE stopped backing jackson, I would guess they just got tired of paying the extortion.
I know Dick Grasso always wanted to pay off Jackson, I notice in the article, they even link the 2.
My guess, they have always wanted to cut off Jackson but were scared to, now with the "if grasso did it, then its evil and corrupt" attitude (or cosmetic attitude), they have cover to cut off Jackson, and put him in a spot where he has to defend Grasso's decision to pay him.
Another reason - enough shareholders were demanding to see Jackson's accounting for how the money was spent and not getting the information. O'Reilly's been after Jackson to disclose how the money's being spent for years and has gotten nowhere.
Better late than never I suppose, but that horse got out of the barn a very long time ago.
I'd like to challenge every single black person in America to tell me how their life is better because of Jesse's extortion movement? Then ask the same question, but insert "democRAT".
Its the IRS that should be asking for an accounting.
Heck with that, it's the prosecutors who should be doing the questioning.
Correct, but the IRS won't touch JJ with a ten foot pole. That's been one of O'Reilly's pet peeves -- nobody will go after JJ -- afraid of being tarred and feathered as racists.
Like Jesse James wondered in his latter days, "where did the train go"?
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