Corporations

Vulture Capitalism Gets a Makeover

"Vulture" CapitalistThe candidacy of Mitt Romney for President of the United States has drawn scrutiny to the practices of the "private equity" industry. Tired of being bashed as greedy "vulture capitalists," the industry has launched an effort to polish its image.

The Private Equity Growth Capital Council (PEGCC), a trade group representing many of the most powerful firms in the venture capital and private equity industry, recently announced its intention to begin a new media initiative called "Private Equity At Work" to correct what it views as "a real lack of understanding about private equity."

Senator Grothman Tries to Mask WI Campaign Contributors

Photo via ShutterstockA bill moving through the Wisconsin Legislature would make it more difficult to track and accurately tabulate campaign donations from businesses and industries in state elections. Critics say it could also hinder investigations of illegal campaign fundraising like the one that resulted in the conviction of a Wisconsin railroad executive last year and others that could be part of the current "John Doe" investigation into Governor Scott Walker's staff.

As Governor Walker sets a pace to collect more campaign money, from more corners of the country, than any candidate in Wisconsin history, State Senator Glenn Grothman (R-West Bend) is sponsoring Senate Bill 292 to no longer require that individuals donating to political campaigns disclose their employer. Current law requires that all donations of $100 or more include the donor's occupation and employer so that organized streams of special interest money to candidates can be identified and made transparent.

The Battle for Vermont's Health -- and Why It Matters for the Rest of the Country

Wendell Potter, CMD Fellow and former head of PR for CIGNAMONTPELIER, Vermont — You can't see them. They're hidden from view and probably always will be. But the health insurance industry's big guns are in place and pointed directly at the citizens of Vermont.

Health insurers were not able to stop the state's drive last year toward a single-payer health care system, which insurers have spent millions to scare Americans into believing would be the worst thing ever. Despite the ceaseless spin, Vermont lawmakers last May demonstrated they could not be bought nor intimidated when they became the first in the nation to pass a bill that will probably establish a single-payer beachhead in the U.S.

When he signed Act 48 into law on May 27, surrounded by dozens of state residents who worked for many years to achieve universal coverage, Governor Peter Shumlin expressed great pride in what had been accomplished.

Syngenta's Paid Third Party Pundits Spin the "News" on Atrazine

Documents obtained by the Center for Media and Democracy, recently unsealed as part of a major lawsuit against Syngenta, reveal that the global chemical company's PR team had a multi-million dollar budget to pay surrogates and others who helped advance its messages about the weed-killer "atrazine." This story is part two of a series about Syngenta's PR campaign to influence the media, potential jurors, potential plaintiffs, farmers, politicians, scientists, and the U.S. Environmental Protection Agency (EPA) in the midst of reviews of the weed-killer's potential to act as an endocrine disruptor.

Syngenta's puppetsThese documents reveal a string of money going from Syngenta to pundits, economists, scientists, and others. Below is a sample of some of the "third party" surrogates who have been financially supported by Syngenta.

ACSH's Elizabeth Whelan: "A Great Weapon"

Elizabeth Whelan is founder and President of the American Council on Science and Health (ACSH). ACSH is a network of scientists whose stated mission to "ensure that the coverage of health issues is based on scientific facts – not hyperbole, emotion and ideology." Whelan has used hyperbole to advance her agenda, for example, calling the New York Times reporting on atrazine "All the news that's fit to scare."

Some of ACSH's published materials have a disclaimer saying it accepts corporate donations but it "does not accept support from individual corporations for specific research projects." Documents obtained by CMD show (PDF) that Syngenta has been a long-term financial supporter of ACSH and that in the midst of reports about spikes in atrazine levels reported by the New York Times, the Natural Resources Defense Council, and the Huffington Post Investigative Fund, ACSH sought an additional $100,000 to produce more materials about atrazine in addition to seeking increased funding in general by Syngenta.

Syngenta PR’s Weed-Killer Spin Machine: Investigating the Press and Shaping the "News" about Atrazine

Documents obtained by the Center for Media and Democracy, recently unsealed as part of a major lawsuit against Syngenta, reveal how the global chemical company's PR team investigated the press and spent millions to spin news coverage and public perceptions in the face of growing concerns about potential health risks from the widely used weed-killer "atrazine."

ALEC's Influence in Ohio Runs Deep

The influence of the American Legislative Exchange Council (ALEC) in Ohio runs deep, according to a new report released by Progress Ohio, together with the Center for Media and Democracy (CMD), People for the American Way, and Common Cause. The report shows how Ohio's legislators are working in tandem with corporate leaders to deregulate key industries, privatize education and dismantle unions.

The Super Nonprofits Influencing Elections, Under the Radar

While the popular understanding of the U.S. Supreme Court's Citizens United decision is that it opened the door to unlimited corporate spending, last week's FEC filings showed that many of the millions that Super PACs received in 2011 came not from corporations, but from deep-pocketed individuals and corporate CEOs. What remains unknown is just how much corporate money is secretly flowing through another vehicle being used to influence political outcomes, the 501(c)(4) nonprofit.

Notably, the Tea Party-affiliated FreedomWorks Super PAC received more than $1.3 million in contributions from its associated 501(c)(4). Under current law, the FreedomWorks (c)(4) is not required to disclose its donors to the public -- unlike a Super PAC -- suggesting one way that corporate donors can disguise their political spending.

ALEC Education "Academy" Launches on Island Resort

Today, hundreds of state legislators from across the nation will head out to an "island" resort on the coast of Florida to a unique "education academy" sponsored by the American Legislative Exchange Council (ALEC). There will be no students or teachers. Instead, legislators, representatives from right-wing think tanks and for-profit education corporations will meet behind closed doors to channel their inner Milton Friedman and promote the radical transformation of the American education system into a private, for-profit enterprise. (ALEC has claimed no corporate reps will be there but it has refused to let the press attend to see this claim for itself.)

What is ALEC Scoring on Its Education "Report Card?"

ALEC Exposed - A project of CMDLittle is known about the agenda of the ALEC education meeting taking place at the Ritz Carlton on Amelia Island. The meeting is not open to the public and recently even the press has been kicked out of meetings and barred from attendance. So to understand the ALEC agenda with regard to education, it is important to examine ALEC's education "scorecard."

Imagine getting a report card from your teacher and finding out that you were graded not on how well you understood the course material or scored on the tests and assignments, but rather on to what extent you agreed with your teacher's strange public policy positions. That is the best way to understand the American Legislative Exchange Council's 17th Report Card on American Education released last week.

Pages

Subscribe to Corporations