How Sharpton gets paid to not cry ‘racism’ at corporations In 2008, Plainfield Asset Management, a Greenwich, Conn.-based hedge fund, made a $500,000 contribution to New York nonprofit Education Reform Now. That money was immediately funneled to the National Action Network. Sharpton raised $1 million for NAN at his 60th birthday bash in October, with donations rolling in from unions and a corporate roster of contributors including AT&T, McDonald’s, Verizon and Walmart. Companies have long gotten in line to pay Sharpton. Macy’s and Pfizer have forked over thousands to NAN, as have General Motors, American Honda and Chrysler. Two months later, car-company leaders met with Sharpton, and Honda began to sponsor NAN’s events. The protests stopped. Sharpton landed a gig as a $25,000-a-year adviser to Pepsi after he threatened a consumer boycott of the soda company in 1998, saying its ads did not portray African-Americans. He held the position until 2007.
Posted on: Mon, 05 Jan 2015 01:15:22 +0000
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