UPS Buys More Congressmen Than Any Company

December 5, 2006: An academic study by three economists entitled “Corporate Political Contributions and Stock Returns” and reported in the New York Times indicates that in recent years UPS has donated PAC money to more Congressional candidates than any other corporation. UPS’s corporate PAC gave to 629 Congressional and Senate candidates from October 1999 to October 2004.


The study found that corporate buying of Congressional influence has a positive effect on stock price. It shows a statistical correlation between the number of candidates receiving money from a corporation, and increases in share value. It also indicates that corporations that spread their money around to many Congressional candidates get the most benefit.


Get Advice Join TDU Donate

Recent News

Zoom Call for IBT Election Volunteers on Saturday, August 14

TDU will hold a national zoom call on Saturday, Aug. 14 for Teamsters who are volunteering to elect the O’Brien-Zuckerman Teamsters United Slate. Join candidates, campaign coordinators and Teamster activists for an update and to make plans to Get Out the Vote and win this fall. Click here to register. 

Central States Assets Fall – But Relief is Coming!

The assets of the Central States Pension Fund fell to $9.8 billion at the end of March, a drop of $573 million in the first quarter.  The fund projects forward that it will pay $2.83 billion in pension benefits this year, while taking in $651 million in employer contributions.

View More News Posts