Morgan Stanley CEO James Gorman sent out a company-wide advisory email today with a few pointers for his people.
Specifically, he had some words of wisdom for those who want to make the bank’s life a little easier on the regulation front.
Here are his political pearls, via Dealbreaker:
By law corporations cannot contribute directly to candidates for federal office. However, we are permitted to maintain a political action committee, MSPAC, which pools together employee contributions to support candidates.
By banding together to participate in the political process, we can educate lawmakers as they prepare to draft new rules addressing taxes, wealth management and other critical financial services issues. MSPAC helps elect candidates who support our business objectives.
And then came the sliding scale of recommended gifts…
- Management committee: $5,000
- Managing Director: $2,500-5000
- Executive Director/SVP: $1,000-2,500
- VP: $500-1,000
For those who are wondering, Gorman has been a pretty loyal Democratic donor.