April 5, 2004 -- Money
talks and, well, we all know what walks.
And in the world of politics, especially in an election year,
money speaks volumes. It's not surprising then to find that
America's business elite is solidly lined up behind President George
W. Bush.
A search of Federal Election Commission records, conducted
through FundRace.org, found that the vast majority of
technology, telecommunications and media executives have donated to
the Bush campaign.
The calculations, according to FundRace.org, are based on records
filed with the FEC of $200-and-up contributions to a single campaign
between January 1, 2003, and February 29, 2004.
In Telecom Land, Bush is king. The chief executives of
AT&T Wireless, Verizon, BellSouth,
SBC, Sprint, Lucent and AT&T, and
the chairman of IDT, all gave to Bush. So did financier Carl
Icahn, who controls XO Communications, and Jeffrey Citron,
chief executive of upstart voice-over-Internet-protocol player
Vonage.
Qualcomm CEO Irwin Jacobs bucked the trend, donating money
to Democrats John Kerry and Howard Dean.
The tech world is also firmly behind Bush. Microsoft
Chairman Bill Gates, IBM Chairman and CEO Sam Palmisano,
Hewlett-Packard's Carly Fiorina and Dell namesake
Michael Dell all contributed money to Bush's campaign. Craig
Barrett, chief executive of Intel, apparently hedged his bets
- he gave both to the Bush campaign and to Joe Lieberman's.
RealNetworks' Rob Glaser, meanwhile, toed the Democrat
line, ponying up campaign contributions to both John Edwards and
Kerry.
It's in Big Bucks Country where Bush apparently isn't well liked.
Billionaire George Soros - who has publicly acknowledged that his
goal is to see Bush shown the door - gave to Kerry, General Wesley
Clark, Dean and Bob Graham.
Berkshire Hathaway's Warren Buffet opened his checkbook
for Clark and Graham. (And the unrelated singer Jimmy Buffett also
gave to Graham.)
Graham, whose campaign never got off the ground, was also the
recipient of a contribution from Yankees owner George Steinbrenner.
Guess that proves that friends in high places don't mean much when
it comes to political campaigns.
Internet executives wound up somewhat split.
EBay CEO Meg Whitman, Yahoo! CEO Terry Semel and
Yahoo! founder Jerry Yang all gave to Bush. But
InterActiveCorp Chairman Barry Diller donated to Dick
Gephardt's campaign. No records of contributions exist for
Amazon.com's Jeff Bezos. Bush support is strong among media
players.
Among the media giants, Comcast's Brian Roberts gave to
Bush, as did NBC's Bob Wright, Time Warner's Dick
Parsons and Steve Case, and News Corp. Chairman and CEO
Rupert Murdoch (News Corp. is the parent company of The Post).
Cablevision's James and Charles Dolan gave to Bush as well,
but CEO James also gave to Lieberman's campaign.
So does the support of all these business titans help Bush and
mean doom for Kerry? Not really. By law, individuals can only give a
candidate's campaign $2,000 - and while many spouses also equaled
their husbands' or wives' contributions, money collected by
company-sponsored political action committees and local party
representatives easily outweighs a $2,000 contribution from one
mogul.
And while it may be telling that America's business titans
overwhelmingly support the president, it also may show that the gap
between America's workers - underemployed and underpaid - and their
bosses is wider than ever.
If nothing else, the president can count on the support of some
big names. But like the rest of us, they only get one vote.
* Please send e-mail to:
bsilverman@nypost.com