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FOR IMMEDIATE RELEASE
JANUARY 3, 2001
4:18 PM
CONTACT:  Center for Responsive Politics
Larry Makinson 202-857-0044
Larry Noble 202-857-0044
Returning The Favor:
Bush Huddles With Big Campaign Donors
 
WASHINGTON - January 3 - President-Elect George W. Bush’s economics meeting today with 36 key business leaders was studded with major donors to the Bush presidential campaign and the Republican Party, an analysis of contributions by the non-partisan Center for Responsive Politics has revealed. In all, the business leaders gave a combined $1.7 million in personal contributions to federal candidates and political parties – 93 percent of it to the GOP.

Totals include only the contributions made by the executives themselves. Contributions from their family members, or from their corporations, are not included.

All but five of the business leaders contributed $1,000 or more in the recent elections, based on data released by the Federal Election Commission on Dec. 1, 2000. Sixteen of them gave $10,000 or more, and six gave $100,000 or more. The Bush presidential campaign received $26,655 from the executives.

The top donors in the economic group were:

John T. Chambers of Cisco Systems - $372,500. Included in that total is $68,500 that went to the Democrats – the most given to that party by any of the executives in the group.

Kenneth L. Lay of Enron Corp. - $318,050.

Michael S. Dell of Dell Computer - $266,000.

Gerald Parsky of Aurora Capital Partners - $237,755.

John M. Hennessy of Credit Suisse First Boston - $147,000.

Robert E. Rich Jr. of Rich Products Corp (and chairman of Grocery Manufacturers of America) - $105,300.

The only executive in the group who gave more money to Democrats than Republicans was Ivan Seidenberg of Verizon Communications. Seidenberg gave $16,000 to Democrats and just $9,000 to Republicans. He was the only one in the group who donated to Al Gore’s presidential campaign. (He gave $2,000 to Gore and $2,000 to Bush).

Complete list of participants in President-elect Bush's economics meeting, and their contribution totals:

Name

Organization

Total

To Dems

To Repubs

To Bush

Craig R. Barrett

CH2M Hill

$19,000

$1,000

$18,000

$1,000

Steven Brobeck

Consumer Federation of America

$0

$0

$0

$0

Daniel A. Carp

Eastman Kodak

$0

$0

$0

$0

John T. Chambers

Cisco Systems

$372,500

$68,500

$304,000

$1,000

Philip M. Condit

Boeing Co

$5,000

$1,000

$4,000

$0

Richard K. Davidson

Union Pacific Corp

$1,000

$0

$1,000

$1,000

Michael S. Dell

Dell Computer

$266,000

$0

$266,000

$2,000

Thomas J. Donohue

Chamber of Commerce of the US

$5,000

$1,000

$4,000

$1,000

Stanley F. Druckenmiller

Duquesne Capital Management

$5,000

$1,000

$4,000

$1,000

Donald V. Fites

Retired CEO of Caterpillar Inc

$4,250

$0

$4,250

$2,000

Raymond V. Gilmartin

Merck & Co

$33,000

$1,000

$32,000

$1,000

Carlos Gutierrez

Kellogg Corp

$1,000

$0

$1,000

$0

John M. Hennessy

Credit Suisse First Boston

$147,000

$0

$147,000

$2,000

Harvery Karp

Mueller Industries

$4,000

$0

$4,000

$0

Charles Knight

Emerson Electric

$14,000

$0

$14,000

$1,000

Bruce Kovner

Caxton Corp

$0

$0

$0

$0

Floyd Kvamme

Kleiner, Perkins et al

$73,500

$0

$73,500

$1,000

Kenneth Langone

Invemed Assoc

$14,000

$5,000

$9,000

$0

Kenneth L. Lay

Enron Corp

$318,050

$8,000

$310,050

$2,000

Nancy Lazar

International Strategy & Investments

$0

$0

$0

$0

James Morgan

Applied Materials

$35,500

$7,500

$28,000

$1,000

Gerald Parsky

Aurora Capital Partners

$237,755

$0

$236,755

$755

Robert E. Rich Jr.

Rich Products Corp

$105,300

$0

$105,300

$2,000

H. Lee Scott

Wal-Mart Stores

$12,000

$0

$12,000

$1,000

Ivan Seidenberg

Verizon Communications

$25,000

$16,000

$9,000

$2,000

John Snow

CSX Corp

$11,000

$0

$11,000

$1,000

Solomon D. Trujillo

US West Inc

$5,400

$3,000

$2,400

$900

G. Richard Wagoner Jr.

General Motors

$7,000

$2,000

$5,000

$1,000

Darcy L. Walker

Discover Financial Services

$0

$0

$0

$0

Jack Welch

General Electric

$10,000

$3,000

$7,000

$1,000

Miles D. White

Abbott Laboratories

$1,000

$0

$1,000

$0

Michael W. Wright

Supervalu Inc

$5,850

$0

$5,850

$1,000

*Based on FEC data downloaded 12/1/00

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