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Sunday, May 27
2012, 9:05 AM
Though academic research suggests that the stocks of companies that make political donations...
Though academic research suggests that the stocks of companies that make political donations perform worse than ones that don't, this year's elections could see corporate political spending skyrocket with a Supreme Court ruling having opened the door for unlimited spending on campaigns. Shareholders at Boeing (BA), IBM, PepsiCo (PEP) and BofA (BAC) seem to get the picture - having put forward motions to curb political spending. But their resolutions failed, so execs may squander more resources on campaigns with no benefit to investors.