Sometimes companies do the right thing because it’s the right thing to do. Sometimes expediency rules the day. Not infrequently, legal compulsion provides the motivation.
Whatevs. The Detroit News reports that New Chrysler has donated Old Chrysler’s Political Action Committee (PAC) lobbying fund to the United Way. The semi-nationalized automaker will write checks to local chapters totaling $525,000. This also means that New ChryCo will not use union/taxpayer money to support/reward the election/re-election campaigns of politicians friendly to the unions/federal bailouts.
Chrysler gets props for avoiding an obvious conflict of interest. Or it that confluence The ball’s now in their fully nationalized cross-town rival’s court.
“GM transferred its PAC from the bankrupt Motors Liquidation Co. — the GM entity that remains in bankruptcy — to the new GM. The fund had $418,000 in cash through May 31. GM has said political contributions will not resume until next year at the earliest.”
I’ve got an idea: how about never?