GOP Lawmakers Hit by Boardroom Backlash for Bid to Undo Election
- Corporations backing away from those who cited election fraud
- BlackRock, JPMorgan suspend all federal contributions for now
This article is for subscribers only.
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.