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MAR - Marriott International Inc News Story

$143.29 4.0  2.9%

Last Trade - 14/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £33.10bn
Enterprise Value £39.90bn
Revenue £5.82bn
Position in Universe 267th / 6846

UPDATE 1-Ford resumes political donations after review

Thu 1st April, 2021 11:21pm
(Adds details from letter, background)
    By David Shepardson
    WASHINGTON, April 1 (Reuters) - Ford Motor Co  F.N  will
resume making political donations and will not rule out
donations to those lawmakers who voted on Jan. 6 against
certifying President Joe Biden's election win, according to a
letter from Ford seen by Reuters.
    The No. 2 U.S. automaker was among many companies that
suspended political donations earlier this year pending a
review, including some that opted to halt all donations to the
147 House and Senate members who voted against Biden's
certification, including Walmart Inc, Marriott Inc, AT&T Inc,,
Amazon.com Inc, Comcast and American Express. 
    In the letter seen by Reuters, Ford said its political
action committee (PAC) was resuming donations to lawmakers
effective April 1, and had opted against imposing a blanket ban
on the Republican lawmakers who voted against certification.
    Five people died when supporters of former President Donald
Trump attacked the Capitol on Jan. 6 to prevent the U.S.
Congress from certifying Biden's win. Trump had urged them to
protest the results of the Nov. 3 election, which he falsely
claimed was rigged.  
    Microsoft Corp said in February its PAC would suspend all
donations through 2022 to the 147 lawmakers who voted against
certification, as well as contributions through the same period
for state officials and organizations who suggested the election
should be overturned.
    Alphabet Inc's Google and General Electric Co PACs also
suspended donations through 2022, while Dow Inc said it would
extend its suspension to senators voting against certification
for up to six years.
    It was not immediately clear whether any of those other
companies had reversed those plans. 
    In the letter to company employees donating to its PAC,
Chief Government Relations Officer Mitch Bainwol said Ford would
strengthen principles it used for supporting candidates "by
adding a new principle related to 'public service and
integrity.'"
    Bainwol added that the candidates Ford supports must
"demonstrate public service consistent with building trust and
acting with competence, integrity and serving others."
    Ford noted it and the industry "are in a period of massive
disruption that is deeply connected with policy issues.
Participation in the political process has been a constant over
our 118-year history and is central to navigating Ford’s global
priorities in a world of competitive voices."

 (Reporting by David Shepardson; Editing by Leslie Adler and
Sonya Hepinstall)
 ((David.Shepardson@thomsonreuters.com; 2028988324;))
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