BUSINESSWEEK ONLINE : NOVEMBER 15, 1999 ISSUE
GOVERNMENT

Good Thing Steve Forbes Doesn't Need CEOs' Cash


Publisher Steve Forbes may refer to his magazine as "The Capitalist Tool," but he's clearly not the capitalists' choice in the 2000 Presidential election.

According to a Business Week analysis of campaign contributions by the chief executives of the 1,000 largest companies in America, Forbes has received nary a contribution from the boardroom set. Fortune instead has smiled on Texas Governor George W. Bush, who shuts out the New Jersey media magnate, 292-0. Among Forbes's problems with Corporate America: his slashing criticism of the Republican Establishment, his aggressive outreach to religious conservatives, his unwavering supply-side dogma, and his lack of electoral experience.

Looking to put the best face on the situation, a Forbes aide says the numbers prove that Forbes is not a captive of the wealthy and powerful. The special interests are lining up behind Bush, the Forbes team argues, while the grass roots are siding with Forbes.

By Richard S. Dunham in Washington

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ONLINE ORIGINAL: Good Thing Steve Forbes Doesn't Need CEOs' Cash



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