Big Companies Try To Distance Themselves From Trump—While Still Paying Him Rent Millions In Rent

  • 📰 Forbes
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The president's tenants include Bank of America, Goldman Sachs, JPMorgan Chase, Microsoft and Morgan Stanley.

fter Donald Trump’s supporters stormed the U.S. Capitol last week, Bank of America sent a memo to employees who had donated to the company’s political action committee. The note made it clear there would be financial consequences for legislators who had voted against certifying the 2020 election results. “For upcoming elections,” the message said, “We will take into account the appalling events of January 6 before making any PAC decisions regarding those members.

Bank of America isn’t the only company caught in an awkward position—pledging financial consequences for Trump’s acolytes while continuing to pay the president rent. Many of Trump’s tenants are locked into longstanding lease agreements, which makes severing those ties more challenging than simply pledging to withhold future political donations.

It’s a similar story at Microsoft, which decided on Friday that it would freeze political giving through its PAC. “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,” a spokesperson said in a statement. The technology firm also did not answer whether it will be seeking to change its lease inside 555 California, where it pays an estimated $3.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Betrayal of your own government and America as a whole

That’s a mistake. We’ve seen the Trump effect on “businesses” like Twitter and Facebook

A *GROTESQUE* injustice will occur unless we protest right now! Don't let the Trumps weasel their way out of answering for their crimes with a pardon! SPREAD THE WORD!!! 'NO PARDONS FOR THE TRUMPS!' NOPARDONSFORTRUMP

He's big mad rn

I pray Forbes is sued until eternity.

Welcome to GULAG, America! 🤣

HappyImpeachmentDay IMPEACHMENT 2:THE COUP KLUX KLAN

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Big Companies Try To Distance Themselves From Trump—While Still Paying Him Millions In RentAfter Donald Trump’s supporters stormed the U.S. Capitol last week, Bank of America sent a memo to employees who had donated to the company’s political action committee. But what about the consequences for the president? by DanAlexander21 DanAlexander21 I follow back instantly DanAlexander21 Usually evidence comes before consequences. Be careful what you wish for, because it might come true and be applied to you too one day. 👊
Source: Forbes - 🏆 394. / 53 Read more »

Big Companies Try To Distance Themselves From Trump—While Still Paying Him Millions In RentSeveral corporations that are reconsidering whether to fund Trump’s acolytes are in the awkward position of simultaneously serving as the president’s tenants. DanAlexander21 They are just lip servicing DanAlexander21 DanAlexander21 If that is the case he should raise their rent.
Source: Forbes - 🏆 394. / 53 Read more »

Big Companies Try To Distance Themselves From Trump—While Still Paying Him Millions In RentSeveral corporations that are reconsidering whether to fund Trump’s acolytes are in the awkward position of simultaneously serving as the president’s tenants. DanAlexander21 DanAlexander21 So? DanAlexander21 Someone suggest that the president should be robbed?
Source: Forbes - 🏆 394. / 53 Read more »