Major U.S. corporations are punishing Republicans in Congress who tried to overturn President-elect Joe Biden’s electoral victory, vowing to pull their campaign contributions after a right-wing mob stormed the U.S. Capitol last week.
The rapid retreat of financial support played out in an unprecedented series of announcements that began last week and picked up critical mass over the weekend and on Monday. They came from nearly every sector, stretching from Wall Street to the Texas oil patch to Silicon Valley.
Among the first to pull contributions from the objecting Republicans were the Blue Cross Blue Shield Association, Marriott International Inc. and Dow Chemical Co. They were quickly followed by Goldman Sachs Group, Airbnb, American Express Co., General Electric Co., MasterCard Inc., Verizon Communications Inc., AT&T Inc., Best Buy Co. and Comcast Corp.