In Minnesota's tight race for the Senate, Norm Coleman is depending on millions of dollars from CEOs and wealthy business interests to fund his campaign. CEOs of Target, Supervalu, Best Buy, 3M, General Mills, and Pepsi all flooded Coleman's campaign with cash. Meanwhile, his challenger Al Franken maintains a healthy base of support from in and out of the state, without receiving a dime from Minnesota's CEOs.
It looks like the Twin Cities business community wants to give Sen. Norm Coleman a second term, at least if campaign contributions are any indication.
The Republican incumbent has drawn far more financial support from local executives than Democratic challenger Al Franken has, according to campaign finance records. In fact, CEOs from the state's 50 largest public and 50 largest private companies combined to donate more than $100,000 to Coleman and not a penny to Franken [...]
Business political action committees (PACs) also overwhelmingly supported Coleman. These groups gave $2.5 million to Coleman and just $15,000 to Franken.
Why the disparity between CEOs support for this Senate seat? It turns out CEOs are banking on Coleman to protect their veto powers in the workplace, while Franken supports rebuilding the middle class.
