Depressing government-and-business datum

by Walter Olson on October 10, 2011

Notwithstanding the observation the other day that Apple didn’t make it by being a political concern, the Economist reports that according to an index produced by Strategas, an investment-research firm, the stocks of American firms that do a lot of lobbying substantially outperform the broader market.

{ 1 comment }

1 Robert 10.10.11 at 8:56 am

They _didn’t_?

This is the company that had AL GORE on its board.

They also did a lot of political maneuvering during their back-dated stock options scandal.

Jobs wouldn’t have gotten away with his $1/year salary (paying only 15 cents a year in payroll tax) and taking the bulk of his money in stock options–backdated or otherwise–if he didn’t have deep political connections.

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