A new campaign, Corporate Backers of Hate is looking to expose the role some U.S. corporations are playing in profiting from the abuses suffered by the communities of color under the Trump administration.
The website, created by the Center for Popular Democracy and Make the Road NY in coalition with 20 community organizations, was launched on Apr 27 is aimed at making these corporations accountable.
"Major corporations stand to profit from Trump's hateful agenda. That's why we call them Backers of Hate," the website states. Companies such as JP Morgan Chase, Wells Fargo, Goldman Sachs, Uber, Disney, Booing, and BlackRock are on the list that are boosting Trump's agenda and are benefitting from the current administration.
The site provides with detailed facts of how deep the ties run between these corporate giants and the current administration. For instance, the CEO of IBM, one of the corporations listed on Backers of Hate, is Ginni Rometty who sits on Trump's Business Council. The company is also a contractor for immigration enforcement agency and publicly refused to join over 100 tech companies in signing a legal brief condemning Trump's Muslim ban.
According to the website, since 2008, IBM has received US$1.7 billion in contracts from the Immigration Customs and Enforcement (ICE) and Customs Border Patrol (CBP). Rometty is an executive committee member of a Business Roundtable, an association of about 200Fortune 500 members, the committee is vying for "compliance flexibility" in rules that would affect the workers' safety, environment and transparency in the business practice.
JP Morgan and Wells Fargo finance the debt of two of the largest prison companies in the United States, CoreCivic, and GeoGroup. While Wells Fargo has invested over US$30 million in shares in these companies, the share prices of which have soared after Trump's election. BlackRock, an investment company has nearly US$700 million worth of shares in CoreCivic and GeoGroup. Goldman Sachs is the 9th largest shareholder in CoreCivic and 33rd largest in Geogroup.
Another company listed is Boeing, which has become one of the major players in the construction of the border walls and has received US$ 1 Billion since 2008 in contracts by the U.S. Customs and Border Control to support the policing along the U.S.-Mexico border. The company also donated US$1 million to Trump's inaugural committee.
Other organizations including Presente and The Partnership for Working Families are supporting the campaign, which is based on the information obtained on the investments of each of the companies listed.
As part of their first organized action, over 500 protesters marched to the New York offices of JPMorgan Chase and Wells Fargo in a bid to push the companies to detach themselves from Trump's agenda.
The Center for Popular Democracy's communications manager, Asya Pikovsky, told Colorlines that the campaign will gear towards organizing more actions against the companies in the coming months.