Staples

From SourceWatch
Revision as of 15:28, 20 February 2013 by Katie Lorenze (Talk | contribs)

(diff) ←Older revision | Latest revision (diff) | Newer revision→ (diff)
Jump to: navigation, search

Learn more about Pete Peterson-funded astroturf projects at the Fix the Debt Portal.

Staples was founded in 1986 by Tom Stemberg and is now the largest office supply chain in the U.S.[1] The company has stores in about 20 other countries selling office supplies as well as office furniture, computers, and copying services.[2]

In 2011, Staples reported total sales of $25,022,192,000.[3]

Ties to Pete Peterson's "Fix the Debt"

The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Staples is part of the Campaign to Fix the Debt as of February 2013.

This article is part of the Center for Media and Democracy's investigation of Pete Peterson's Campaign to "Fix the Debt." Please visit our main SourceWatch page on Fix the Debt.

About Fix the Debt
The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Through a special report and new interactive wiki resource, the Center for Media and Democracy -- in partnership with the Nation magazine -- exposes the funding, the leaders, the partner groups, and the phony state "chapters" of this astroturf supergroup. Learn more at PetersonPyramid.org and in the Nation magazine.

Personnel

Executives as of 2013:[4]


Key executives and 2007 pay: [5]          Options
exercised
Ronald L. Sargent, Chairman and Chief Executive Officer    $2,590,000    $0
John J. Mahoney, Chief Financial Officer    $1,210,000    $0
Michael A. Miles, Jr., Chief Operating Officer    $1,210,000    $0
Demos Parneros, President of U.S. Stores    $807,000    $617,000

Political contributions

Thomas G. Stemberg, then CEO and Chairman and Founder of Staples, was a Bush Pioneer having raised at least $100,000 for Bush in both the 2000 and 2004 presidential elections. [6]

In the 2006 election, Staples gave $8,200 to federal candidates through its political action committee - 100% to Democrats, 0% to Republicans. [7]

Lobbying

The company spent $160,000 for lobbying in 2006. One lobbying firm was used - DLA Piper. [8]

Contact details

500 Staples Drive[9]
Framingham, MA 01702
Phone: 508-253-5000
Fax: 508-253-8989
Web: http://www.staples.com

Resources and articles

Featured SourceWatch Articles on Fix the Debt

Related Sourcewatch

References

  1. Staples Profile, Hoovers, accessed September 2007.
  2. Staples Profile, Hoovers, accessed September 2007.
  3. Staples 2012 Annual Report, Staples, accessed February, 8 2013.
  4. Board of Directors, Staples, accessed September 2007.
  5. Staples Key Executives, Yahoo Finance, accessed October 2007.
  6. Bush Pioneer Thomas G. Stemberg, Texans for Public Justice, accessed September 2007.
  7. 2006 PAC Summary Data, Open Secrets, accessed September 2007.
  8. Staples lobbying expenses, Open Secrets.
  9. "Staples", E-Corporate Headquarters, Accessed February 13, 2013.
This article is a stub. You can help by expanding it.