Amazon

Amazon Execs Donated To Antitrust Investigator’s Campaign

Amazon Execs Donated To Antitrust Investigator

Amazon’s top executives allegedly made donations to the chair in charge of investigating the eCommerce giant, CNBC reported on Sunday (Aug. 18).

The donations were reportedly made two months before lawmakers were planning to interrogate Amazon as part of a bigger antitrust probe that also involved Apple, Facebook and Google.

The main benefactor of the campaign funds was reportedly Rep. David Cicilline (RI), the head of the House antitrust investigation. He allegedly started getting donations in late May from five Amazon senior executives, the article said.

Amazon’s CEO of Worldwide Consumers Jeff Wilke, general counsel David Zapolsky, SVP of Worldwide Operations Dave Clark, and SVP of North America Consumer Doug Herrington contributed $2,800 each, the maximum donation allowed. CFO Brian Olsavsky donated $1,500.

CNBC said there were no 2019 donations to Cicilline’s campaign from the other tech companies involved in the antitrust probe.

Experts said the timing of Amazon executives’ payments likely reflects the company’s heightened urgency over growing regulatory scrutiny, the article said.

“It suggests a greater sense of pressure or threat of regulation from Congress, especially given the growing bipartisan attention being directed to this issue,” Alexander Hertel-Fernandez, a political science professor at Columbia University, told CNBC.

CNBC said an Amazon spokesperson declined to comment. Cicilline’s representative emailed the news outlet and said that when the antitrust probe was launched, the chairman put a formal policy in place “of refusing campaign contributions from companies and executives that may be subject to scrutiny.”

The donations by Amazon executives were made before the antitrust probe announcement, and before the July hearing was scheduled.

Representatives from Amazon, Apple, Facebook and Google appeared before the House Antitrust Subcommittee last month to discuss “dominant platforms and innovation.” The hearing involved policy executives, including Amazon’s Associate General Counsel Nate Sutton; Apple’s Chief Compliance Officer Kyle Andeer; Facebook’s Head of Global Policy Development Matt Perault; and Google’s Director of Economic Policy Adam Cohen.

——————————

PYMNTS LIVE ROUNDTABLE: TUESDAY, JULY 14, 2020 AT 12:00 PM (ET)

Digital transformation has been forcefully accelerated, but how does that agility translate into the fight against COVID-era attacks and sophisticated identity threats? As millions embrace online everything, preserving digital trust now falls mostly on banks and FIs. Now, advances in identity data and using different weights on the payment mix afford new opportunities to arm organizations and their customers against cyberthreats. From the latest in machine learning for fraud and risk, to corporate treasury teams working in new ways with new datasets, learn from experts how digital identity, together with advances like real-time payments, combine to engender trust and enrich relationships.

TRENDING RIGHT NOW