WASHINGTON — Like other industries and organizations, retailers rely on voluntary contributions from executives and managers to help fill their political action committees. The PACs, in turn, direct money into the political-giving machine, regulated by the government, which is used to try and elect candidates deemed to be industry-friendly on issues and ideology.
This story first appeared in the October 23, 2002 issue of WWD. Subscribe Today.
The PAC data is reported through the Federal Election Committee, while the percentage of funds directed to the Democrat and Republican parties in federal elections is derived from the Center for Responsive Politics. Here are the retail industry’s top 10 wealthiest PACs for the two-year election cycle ending on Nov. 5, Election Day. Information is current through Oct. 15.