James Gorman Invites Morgan Stanley Employees To Help Educate, Elect Politicians Who Support The Bank’s Business ObjectivesBy Bess Levin
Email to all staff from the Morgan Stanley CEO sent today:
By law corporations cannot contribute directly to candidates for federal office. However, we are permitted to maintain a political action committee, MSPAC, which pools together employee contributions to support candidates. By banding together to participate in the political process, we can educate lawmakers as they prepare to draft new rules addressing taxes, wealth management and other critical financial services issues. MSPAC helps elect candidates who support our business objectives.
Suggested giving levels:
* Management committee $5,000
* Managing Director $2,500-5000
* Executive Director/SVP $1,000-2,500
* VP $500-1,000