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 If Olbermann's Donations Are Bad, What About GE's?     :      Information Clearing House: ICH

If Olbermann's Donations Are Bad, What About GE's? : Information Clearing House: ICH: "November 06, 2010 'Fair' - - MSNBC host Keith Olbermann has been placed on indefinite suspension without pay in the wake of a Politico report (11/5/10) that revealed Olbermann had donated $7,200 to three Democratic candidates, in violation of NBC's standards barring employees from making political contributions.

A journalist donating money to a political candidate raises obvious conflict of interest questions; at a minimum, such contributions should be disclosed on air. But if supporting politicians with money is a threat to journalistic independence, what are the standards for Olbermann's bosses at NBC, and at NBC's parent company General Electric?

According to the Center for Responsive Politics, GE made over $2 million in political contributions in the 2010 election cycle (most coming from the company's political action committee). The top recipient was Republican Senate candidate Rob Portman from Ohio. The company has also spent $32 million on lobbying this year, and contributed over $1 million to the successful 'No on 24' campaign against a California ballot initiative aimed at eliminating tax loopholes for major corporations (New York Times, 11/1/10).


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