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16 Apr

Big U.S. donors diversify Super PAC donations

Las Vegas Sands Chairman and CEO Sheldon Adelson smiles during an interview in MacauWASHINGTON (Reuters) - Diversification has long been a preferred investment strategy for uncertain times - and now, U.S. political investors are diversifying, too. This season’s big political donors - casino mogul Sheldon Adelson, Houston homebuilder Bob Perry, Texas billionaire banker Harold Simmons and others - gained attention for feeding millions into Super PACs that can raise and spend unlimited money on presidential candidates. But the presidential Super PACs - spawned by a Supreme Court decision that loosened campaign spending restrictions - are not their only realm of influence. …

Original post by Reuters and software by Elliott Back



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