As the Nov. 3 election sparks record campaign contributions, the CEOs of S&P 500 companies are helping to fund the war chests of President Donald Trump and challenger Joe Biden, while also contributing to other Republican and Democratic politicians.
In their political giving as individuals, these chief executives have combined to give more to Trump than Biden. Some 15 CEOs whose companies are components of the S&P 500 (SPX) have donated a total of $2.489 million to Trump’s principal campaign committee, its joint fundraising groups with the Republican National Committee or pro-Trump super PACs.
Meanwhile, 30 chief execs have contributed $536,100 to Biden’s main campaign committee, its joint groups with the Democratic National Committee or pro-Biden super PACs. These figures come from a MarketWatch analysis of processed Federal Election Commission data on individual contributions made between January 2019 and August 2020. Anyone who held the CEO job in 2019 or 2020 at a company that was part of the S&P 500 is included.
As shown in the table below, the S&P CEOs giving the most to Trump were Intercontinental Exchange’s (ICE) Jeffrey Sprecher, whose wife, Republican Sen. Kelly Loeffler of Georgia, faces a tough Senate race, and Las Vegas Sands’s (LVS) Sheldon Adelson, a longtime major GOP donor. Also ranking high in dollar amounts donated were Vornado Realty Trust’s (VNO) Steven Roth and Oracle’s (ORCL) Safra Catz.
S&P 500 CEOs giving their own money to Trump’s campaign
|1. Jeffrey Sprecher||Intercontinental Exchange||$1,000,000.00||America First Action||Financials|
|Jeffrey Sprecher||Intercontinental Exchange||$290,300.00||Trump Victory||Financials|
|Jeffrey Sprecher||Intercontinental Exchange||$5,600.00||Donald J. Trump for President||Financials|