Summary:

Americas Network :: How much money the telecommunications industry has contributed to various Congressional campaigns. Top recipients have included Chip Pickering (R-Miss.) and Billy Tauzin (R-La.) in the House and Max Cleland (D-Ga.), John Kerry (D-Mass.) and Jean Carnahan (D-Mo.) in the Senate; not surprisingly, all […]

Americas Network :: How much money the telecommunications industry has contributed to various Congressional campaigns. Top recipients have included Chip Pickering (R-Miss.) and Billy Tauzin (R-La.) in the House and Max Cleland (D-Ga.), John Kerry (D-Mass.) and Jean Carnahan (D-Mo.) in the Senate; not surprisingly, all are members of the two telecom-related subcommittees. According to the Center for Responsive Politics, telecom carriers have given $9 million thus far in the current election cycle.

According to his financial disclosure forms, John Dingell (D-Mich.), a member of the House telecom and Internet subcommittee, holds as much as $15,000 in WorldCom stock, as does John Breaux (D-La.), a member of the Senate’s communications subcommittee. Three members of the Senate subcommittee own stock in AT&T, as do three members of the House subcommittee, including Chairman Fred Upton. Upton also owns stock in SBC, Verizon and BellSouth, albeit as part of a family trust. And Sen. Kerry owns up to $1 million in stock in CenturyTel and Williams Communications. WorldCom alone has given more than $1 million of that windfall, including $10,000 to John Ashcroft before his appointment as attorney general.

By Om Malik

You're subscribed! If you like, you can update your settings

Related stories

Comments have been disabled for this post