Global Crossing - Political Contributions

Political Contributions

Winnick helped Democratic National Committee chairman Terry McAuliffe turn a $100,000 stock investment into $18,000,000. Winnick later donated $1 million to President Bill Clinton's presidential library. In 1998, former U.S. president George H. W. Bush gave a speech in Tokyo on behalf of Global Crossing, for which he was compensated with $50,000 of Global Crossing stock, which he sold in 1999 and 2000 for more than $4.5 million.

Global Crossing's political contributions were fairly evenly distributed between Republican and Democratic parties; Winnick tended to favor Democrats and co-chairman Cook Republicans. In 2000, the company gave $250,000 each to the Republican and Democratic Conventions. In 1999, the company hired former assistant attorney general Anne Bingaman, married to Democratic New Mexico Senator Jeff Bingaman, as a Washington lobbyist, paying her $2.5 million between January and June 1999 to try to block licensing of an AT&T, MCI, and Sprint consortium cable from the U.S. to Japan. The large donations have been suggested as a reason why investigations against the company's upper management did not result in criminal charges, despite the size of the bankruptcy and the large amount of circumstantial evidence that some sort of malfeasance had occurred.

Read more about this topic:  Global Crossing

Other articles related to "political contributions, political, contributions":

Morton Mower - Personal Life - Political Contributions
... In 2008, Mower contributed $2,000 to the political action committee of Republican Andy Harris (U.S ... In 2007, Mower contributed $2,600 to the political action committee of Republican Michael Steele (U.S ... In 2000, Mower contributed $1,000 to the political action committee of Republican Paul Rappaport (U.S ...
Skadden, Arps, Slate, Meagher & Flom - Political Contributions
... Skadden partners and employees tend to support and contribute more to Democratic political candidates than to Republicans ...
Robert W. Harrell, Jr. - South Carolina Legislature - Political Contributions
... In 2010, Harrell received the largest amount of political contributions – $47,425, or nearly 22 percent – from lawyers and lobbyists, according to the ... In 2008, Harrell received $361,053 in contributions ...
Mikael Ljungman - Political Contributions
... Ljungman has formally endorsed and made campaign contributions to Antonio Villaraigosa's Antonio R ... Ljungman has also made campaign contributions to Hillary Rodham Clinton's HillPac organization and John Yarmuth's YARMUTH FOR CONGRESS ...

Famous quotes containing the word political:

    America is a nation with no truly national city, no Paris, no Rome, no London, no city which is at once the social center, the political capital, and the financial hub.
    C. Wright Mills (1916–1962)