Monday, April 16, 2007

Bloomberg.com:U.S.

Follow the money trail ... [pertains to the two posts below]
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"Another client, Schering-Plough Corp., set aside time during a sales conference last July to hold a reception for PAC donors, featuring Chairman Fred Hassan.

"We're one of the most highly regulated industries, and we have to pay attention to what government is doing,'' says Paul Ehrlich, manager for legislative affairs for the Kenilworth, New Jersey-based company, which spent $760,000 between January and June 2005 to lobby the federal government. One target: legislation that would allow consumers to import drugs from Canada.

While Schering's PAC last year donated $210,000, more than 25 percent over what it gave in 2001, the company's overall contributions were reduced by the soft-money ban and were less than half those of four years earlier.

To build its contributions back up, the company is urging employees to give more to its PAC.

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