From Business Insider by Julie Bort:

Apple is the rare corporation that keeps its pocketbook out of political elections by having no formal political action committee (PAC), CEO Tim Cook said on Tuesday, speaking at the Time 100 event.

“We do not focus on politics,” Cook said. “Apple doesn’t have a PAC. Apple is probably the only large company, I would think, or one of the very few that doesn’t have a PAC. I refuse to have one because it shouldn’t exist, right? This should not. I think the people that should be able to donate are the people that can vote.”

Apple’s lack of a PAC is verified by Open Secrets, the organization that tracks money in politics. Although people from Apple are credited with donating $2.4 million total to Democrats and Republicans in 2016, and nearly $1.7 million in 2018, these donations came almost entirely from individuals, not from a formal PAC, Open Secrets says.

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