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NYSE withdraws support for Jesse Jackson conference

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katinmn Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 05:25 PM
Original message
NYSE withdraws support for Jesse Jackson conference
http://releases.usnewswire.com/GetRelease.asp?id=41495

Check out this press release. It's very dirty. They are getting back at him for fighting vote fraud. We need to fight back. :-(

NLPC Welcomes Cut-Off of Jesse Jackson Support by New York Stock Exchange

1/11/2005 8:11:00 AM
-------------------------------------------------------------------

To: National Desk, Legal Reporter

Contact: Peter Flaherty of National Legal and Policy Center, 703-237-1970; Web: http://www.nlpc.org

WASHINGTON, Jan. 1 /U.S. Newswire/ -- Peter Flaherty, president of the National Legal and Policy Center (NLPC), today reacted to the New York Stock Exchange's decision not to provide funds for Jesse Jackson's 2005 Wall Street Conference, opening today in New York City. The NYSE had helped underwrite the event in previous years.

The NYSE action is in apparent response to requests made by NLPC, and is reported by CNSNews.com today

Flaherty commented, "I am encouraged that the NYSE has now apparently met our request to cut off Jackson. It looks like the Exchange takes corporate ethics seriously. One of the last vestiges of Richard Grasso's failed legacy has been swept away."

On September 29, 2003, NLPC urged then-interim NYSE Chairman John Reed to "cease and desist" from further NYSE support for Jackson. On October 23, 2003, media reports indicated that the NYSE had denied Jackson use of the Exchange floor for a fundraising gala connected to the 2004 Wall Street Conference, but that it would remain a financial supporter.

On January 12, 2004, Flaherty wrote incoming NYSE CEO John Thain applauding the denial of Jackson's use of the Exchange floor, but stating that continued financial support of Jackson's groups was "unacceptable."

Flaherty continued, "This move is significant because once an institution has been successfully shaken down by Jackson, it is difficult to escape him in future years. Jackson can never really be bought, only rented."

"Jesse Jackson has made repeated trips to Ohio in an attempt to overturn the results of the presidential election. He led a march on the Ohio Supreme Court and demand it award Ohio's electoral votes to John Kerry. These are the actions of a demagogue. It is inappropriate to force the customers and shareholders of American corporations to subsidize these activities."

"The NYSE cut-off is a dramatic step that puts the individual companies that bankroll Jackson on the spot. It is a lot harder for the Verizons and PepsiCos to argue that there's nothing wrong with supporting Jackson's groups. We plan to intensify our campaign against these companies and several others."

In recent weeks, NLPC has filed shareholder resolutions with Verizon, PepsiCo and Fannie Mae to end their support of Jackson's groups. Verizon and PepsiCo have appealed to the Securities and Exchange Commission to exclude NLPC's proposals.

In 2001, NLPC filed a formal IRS Complaint against the so- called Citizenship Education Fund (CEF), Jesse Jackson's largest nonprofit group. The Complaint alleges that Jackson, his family and friends have become wealthy through the operation of the CEF. The Complaint cites news articles detailing Jackson's "opulent lifestyle."

In 2003, NLPC organized and led a widely publicized protest of NASCAR's support for Jesse Jackson's organizations. NASCAR acknowledged on its own website that it was the most heated protest it had ever faced.

---

NLPC promotes ethics in public life, and sponsors the Corporate Integrity Project.

http://www.usnewswire.com /

-0-

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PROGRESSIVE1 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 05:27 PM
Response to Original message
1. NYSE = Racists
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The Backlash Cometh Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 05:37 PM
Response to Reply #1
5. Did you expect less? What I can't believe is how they project.
Jessie is all about fighting corruption, and the stupid organization applauds the NYSE because their attack on Jessie is a sign that they're correcting Grasso's corrupt legacy?

Oh, how I laughed!
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mattclearing Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 05:28 PM
Response to Original message
2. Looks like we have some letter writing to do.
Anyone have a link to Jesse's sponsor list?
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katinmn Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 05:32 PM
Response to Reply #2
3. not yet. The Rainbow/Push coalition?
I'm pulling up the website.
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katinmn Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 05:36 PM
Response to Reply #2
4. according to the release, these are the companies targeted
In recent weeks, NLPC has filed shareholder resolutions with Verizon, PepsiCo and Fannie Mae to end their support of Jackson's groups. Verizon and PepsiCo have appealed to the Securities and Exchange Commission to exclude NLPC's proposals.

In 2003, NLPC organized and led a widely publicized protest of NASCAR's support for Jesse Jackson's organizations. NASCAR acknowledged on its own website that it was the most heated protest it had ever faced.

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RevCheesehead Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 05:56 PM
Response to Reply #4
10. I think I need to write a thank-you to Pepsi,
and tell them how much I like their product.
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Carolab Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 08:15 PM
Response to Reply #10
15. Yes, We should write to Verizon as well.
Edited on Tue Jan-11-05 08:19 PM by Carolab
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Laurab Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-13-05 10:51 AM
Response to Reply #15
21. Just wrote and thanked Verizon
Thanks for the info. I use them for both phone & internet, so I was happy to see that.
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Carolab Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 08:28 PM
Response to Reply #10
16. Pepsi increased donations to Dems while Coke increased $ to Repukes
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katinmn Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 05:38 PM
Response to Original message
6. Here's a link to the conference info
http://www.rainbowpush.org/FMPro?-db=RPOfrontpage.fp5&-...

It's going on from today through the 13th.
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katinmn Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 05:43 PM
Response to Original message
7. Last year's sponsors
http://www.thewallstreetproject.org/2004%20Wall%20Stree...

I wonder how many bowed out this year because of pressure from the NLPC?

:thumbsdown:
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Mojorabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 05:46 PM
Response to Original message
8. What exactly is
the National Legal and Policy Center?
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katinmn Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 05:56 PM
Response to Reply #8
11. A fascist group. Visit their website if you dare
Edited on Tue Jan-11-05 05:57 PM by katinmn
topics:
"The case against slave reparations"
"Union corruption update"
"NLPC Exposes Soros Hypocrisy"

http://www.nlpc.org/index.asp
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anaxarchos Donating Member (963 posts) Send PM | Profile | Ignore Tue Jan-11-05 08:08 PM
Response to Reply #8
14. Far Right "Think Tank". n/t
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Mojorabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-05 12:52 AM
Response to Reply #14
18. Thanks!
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New Earth Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 05:51 PM
Response to Original message
9. wtf?
Edited on Tue Jan-11-05 05:52 PM by Faye
when did Jesse Jackson 'demand' that the Ohio vote be turned over to Kerry? I thought he was just 'demanding' an investigation and free/fair/clean honest elections? :wtf:

:eyes: Poor Jesse man, he always takes the fall for shit. He really does take the shit no one else seems to want to handle, and he just gets damned for it.

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katinmn Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 05:59 PM
Response to Reply #9
12. I know. Isn't it sick?
I think that racism is alive and well in the good ol USA and when push comes to shove, the good corporatae citizens always follow the money and the power.
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smartvoter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 06:26 PM
Response to Reply #9
13. You are right. This is horse shit. nt
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4democracy Donating Member (285 posts) Send PM | Profile | Ignore Tue Jan-11-05 08:43 PM
Response to Original message
17. I went to their contact page and told them exactly how outrageous
this action is. I said they should be looking at people like Gonzales if they are worried about ethics in public life. I told them I would be thanking Verizon and PepsiCo while boycotting the others.
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Peace Patriot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-12-05 02:08 AM
Response to Original message
19. I am speechless...
...really, just sitting here with my jaw hanging down. We are all "Niggas" now. If you didn't know, before, what it felt like, and could only imagine, now you know. And we aren't even allowed to fight for our right to vote. Just like blacks were told in the 1960s: wait, wait, wait til Massa takes care of this in Washington. Don't push. Don't demand.

I'm so bummed.

But at least it tells us that our vote has VALUE and POWER. They are SO SCARED we will take back our right to vote and begin dealing out true justice.
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katinmn Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-13-05 09:59 AM
Response to Reply #19
20. We're getting organized and groups like this are going to have
to answer for their hatred and bigotry in the months to come. First we'll expose them and then we'll put them out of commission.



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