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No more GSK money for pols

Executive Summary

GlaxoSmithKline is ending all corporate political contributions. "We need to ensure that there is no implication whatsoever that corporate political contributions provide us with any special privileges," CEO Andrew Witty explains. Direct corporate donations to federal candidates are not allowed in the U.S., but can be made to state candidates and "527" organizations that conduct issue advocacy. During 2008, GSK made contributions of $585,425 in the U.S. The company will continue its political action committee to facilitate contributions by individual employees to federal candidates. Data from the Federal Elections Commission for the 2008 election cycle indicates that GSK employees contributed $1,119,342 as individuals or through the PACs, according to the Center for Responsive Politics

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