Microsoft says it’s halting all political donations until after it assesses the ‘implications of last week’s events’ (MSFT)

Summary List Placement

Less than a week after a right-wing mob stormed the US Capitol, Microsoft announced a suspension of political donations for at least one fiscal quarter. 

“Microsoft’s political action committee decided last Friday that it will not make any political donations until after it assesses the implications of last week’s events,” a spokesperson said in a statement to Insider. “The PAC regularly pauses its donations in the first quarter of a new Congress, but it will take additional steps this year to consider these recent events and consult with employees.”

Microsoft follows other big firms that said they would modify political spending after a mob broke into the House and Senate chambers to stop Congress from certifying president-elect Joe Biden’s election. The violence resulted in at least five deaths and dozens of arrests.

Facebook halted all political donations for at least three months, Axios reported on Monday. JP Morgan and Citibank previously announced they would stop political donations as well.  

Read more: Google is reportedly monitoring staff emails for ‘disruptive’ language after 400 employees set up a union

Marriott, Morgan Stanley, and Dow cut off funding for all Republican lawmakers who objected to certifying Biden’s election.

Microsoft recently donated an undisclosed amount to Biden’s January 20 inauguration ceremony, according to the president-elect’s team. A Microsoft spokesperson did not comment on whether it would still donate to Biden’s inauguration. 

SEE ALSO: JPMorgan, Citibank, Microsoft, and Facebook are pausing all political donations to both Republicans and Democrats after the Capitol siege

Join the conversation about this story »

NOW WATCH: Why electric planes haven’t taken off yet

…read more

Source:: Business Insider


(Visited 10 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *