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| Home Front: Politix |
| It's still early - call your broker and dump your Progressive Stock now! |
| 2004-08-21 |
| Peter Lewis, longtime Chairman of insurance giant, Progressive, gives to a variety of groups that oppose the re-election of George W. Bush. Lewis gave more than $14 million dollars to 527 committees, putting him at the top of the big individual donor lists so far in this cycle and in all time. snip. More staggering is when we step back and look at the forest, not the trees. Of the top forty-nine 527 organizations: • Forty one (84%) are supported by Democrats and push Democrat causes.Yeah, ok
like, wow, man. I'm totally sure that the stockholders and policy holders, who wake up to read that their Chairman is investing money in the Marijuana Policy Project are pleased. NOT! It's early, if you dump it now you can still cut your losses. |
| Posted by:B |
| #3 keep scrolling down. CF, you are right, but if I was a stockholder, I would not be particularly pleased by this for two reasons...1. I wouldn't like to think that the chairman was soo into pot, that he felt compelled to spend this type of money on this cause; 2. If I was looking for insurance, I'd prefer that the name "Progressive" referred to their business practices, not to legalizing drugs; 3. It's just not good press, in these divisive times, to be pissing off half of your customers and stockholders on political issues like this. |
| Posted by: B 2004-08-21 3:51:18 PM |
| #2 The link goes to a FrontPage article on 'Kerry fights back' so I cant find the article for this :(. Hmm... I disagree. Lewis, the CEO can spend his own money however he pleases. On Marijuana Policy or whatever. Its his money. Now if he was using the Progressive Corprate funds, like, for example, the Unions who use compulsary union dues, then there is a problem. |
| Posted by: CrazyFool 2004-08-21 12:51:59 PM |
| #1 How much sympathy would a Progressive Insurance agent have if I were to get into an accident while under the influence of marijuana? |
| Posted by: eLarson 2004-08-21 9:29:42 AM |