Washington Watch: Here are the S&P 500 CEOs spending the most on the midterm elections

by | Nov 3, 2022 | Stock Market

S&P 500 chief executive officers have opened up their wallets for this month’s midterm elections, and none more than Reed Hastings. The Netflix
NFLX,
-4.80%
co-CEO‘s political spending in the current midterm election cycle is more than five times the outlay by any other current or recent boss of an S&P 500
SPX,
-2.50%
company.

Hastings, who is also co-founder of the Silicon Valley-based streaming video giant, contributed a total of $3.05 million of his own money to Democratic groups, according to MarketWatch’s analysis of processed Federal Election Commission data for the 2022 cycle as of Oct. 31. That’s far ahead of the chief executive officer ranked second in political spending, as shown in the graphic below that lists the top 20 donors. At No. 2 is Steven Roth at Vornado Realty
VNO,
-1.51%,
a real estate investment trust based in New York. He contributed a total of about $608,000 of his money to Republican groups.

MarketWatch

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