The New Yorker: “During the final weeks of the Trump Presidency, dozens of companies announced that they would be halting political donations in response to the Capitol riots. Hallmark Cards, which is based in Missouri, asked Senators Josh Hawley and Roger Marshall to return its donations of seven thousand dollars and five thousand dollars, respectively. Others, such as Amazon, AT&T, and Marriott, said that they were stopping donations to any lawmakers who voted against certifying President Biden’s victory. Several other companies, including 3M and American Airlines, said that they would pause all donations to either party and review their strategy for the future. One company, the brokerage firm Charles Schwab, said that it would permanently disband its PAC.”
“All of this suggests that leaders of large corporations are struggling to acknowledge, and perhaps mitigate, the damage caused by their past support of Trump and his party. Many businesspeople never liked Trump, finding his manner and way of communicating repugnant. But he offered them something that big-company executives desperately wanted: the promise of reductions in regulation and tax cuts. Only now, after the riots, has this compromise been broadly questioned within the business community. The question at the moment is whether the changes that companies make in response will be simply emergency measures to repair reputational damage, or something more lasting.”