Financial Services Industry
Industry: Email Alert RSS FeedPolitical contributions by fund industry soar; Politics, legislation and scandal sparked firms to seek influence.(News)
Investment News, February, 2006
Byline: Frederick P. Gabriel Jr. and Aaron Siegel BOSTON - The mutual fund industry, led by Fidelity Investments, has finally discovered an age-old secret for making friends and influencing people in Washington: money. Facing a slew of key legislation and struggling to recover from a loss of face in some political circles, the $8.9 trillion fund industry has spread big bucks around Capitol Hill.
Employees at the nation's 10 largest fund companies made $1.3 million in political contributions during the 2004 presidential-election-year cycle, a nearly 240% increase from $391,938 in contributions by employees from the same companies during the 2000 cycle, federal records show. Of that, more than 80% of the contributions were made during the nearly...
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Getting the global view: Nestle, led by Peter Brabeck-Letmathe, climbs to the #1 spot in this year's Best Companies for Leaders
