Disney CEO asks employees to chip in to pay copyright lobbyists
arstechnica.com
arstechnica.com
The idea of suggesting employees donate to your PAC is tacky, but payroll deductions are just over the top.
While they're at it, they should ask their employees to donate to a fund to help the company purchase office supplies.
Yeah. It's my understanding that similar issues are what led to the secret ballot.
And it makes no sense that employers would even want to retaliate. All PACs want from employees is money, and individual donors are limited to $5,000/year. Anyone who can afford to donate $5,000, would probably cost more than $5,000 to replace, in recruiting, training, and lost productivity.
You know sometimes people think those who disagree with them must be stupid? You know how not everyone being paid the same wage is actually worth the same to the business? You know how managers want to lose the "dead wood." You know how we see firing as a part of corporate culture and it comes up here often. "If you aren't willing to fight to keep them you should fire them." Optimal staff turnover ratios that managers are judged on etc.
That.
"I just don't think you're really committed to the goals and ideals of Disney corporation and would be better suited working elsewhere."
https://www.opensecrets.org/pacs/pacgave2.php?cycle=2014&cmt...
* Normal salary employee: $100 a year
* Mid level pointy hair boss: $1000 a year
* Double level pointy hair boss: $10,000 a year
I can't remember exact numbers but was that ballpark.. what they asked for the normal guy making 100k was small, what they wanted form the double pointy boss making 300k was a lot more.
Either way, SuperPACs are out of control and we need some mad finance reform. When have lobbyists ever helped the consumer?
Can you explain more?
From a business standpoint, the leadership wants the stock price to go up. Their stock is worth more, and they make more money.
Historically, money going to lobbying has a very good return. Say $1 spent lobbying can give your business a $100 return or more if the right laws pass or don't pass. So I hardly thing the executives are "idiots" for telling their workforce to contribute. Do I have moral issues with it? Yes. But I think they are smart and working within the law. The only solution is to fix the law.
SuperPACs are very different from PACs, despite the similar-sounding name--sort of like the Javascript vs. Java.
Now, if the company made around $5bn profit a year, $180m is a mere 3.6% of their profits - why is such a move funded out of the pockets of employees, and not the company profits (i.e. the shareholders). I know why, but if it's really that important, shouldn't it be a company investment and not an employee investment?
Of course my figures are extremely exaggerated, as the actual money raised is in the low millions.
What I find odd is that PACs only seem to accept contributions from a company's employees. Like, why can't just anyone contribute to the Apple PAC, or the Google PAC, the way that they can contribute to the Wikimedia Foundation or to the EFF to make political change?
As you say, why only employees can donate and not other people seems odd as the whole point that it's not a corporation flexing it's muscles, but real genuine people with care for the cause.
They legally can't ask anyone else for money.
As for why PACs exist--they exist for the reason any other organization exists. People can have a greater social impact if they pool their resources, than if they act individually. This is the fundamental basis for nonprofits, corporations, partnerhips, newspapers, churchs, clubs, etc... basically any collection of people brought together by a mission.
The specific thing that ONLY a PAC can do is give money directly to candidates. No other type of organization can give money to political candidates.
Previous discussion: https://news.ycombinator.com/item?id=10969721