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Is it time for a GeekPAC? | |
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||
| Time: 09:25 EST/14:25 GMT | News Source: News.com | Posted By: Robert Stein | ||
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Jonas Neihardt, Qualcomm's director of government relations and co-creator of the council, says that the tech industry isn't spending enough money to make it possible to punish enemies. "Some of the old economy companies do that and they have big enough PACs and enough political activity to go after incumbents," Neihardt says. "The tech community hasn't been active enough politically on a whole to be that aggressive. In my view, the technology community needs to focus first on helping people who help us. By and large, we're not there yet." He's right. Take Microsoft, one of the world's richest companies, with a market capitalization of $311 billion. As of Oct. 16, its PAC spent $1,176,926 in the last election cycle, according to records filed with the government. That's just $232 more than the PAC for--I am not making this up--the Outback Steakhouse restaurant chain spent during the same period. | ||
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