THE BLOG
03/28/2008 02:47 am ET Updated May 25, 2011

Fortune's 50 Most Powerful Women in Business: Filling the Coffers of Democratic Candidates

The following piece was produced by the Huffington Post's OffTheBus.

Clinton may feel comfortable in the kitchen, but it's the women in the board room that are beginning to pull out their checkbooks for 2008's presidential candidates - and their support thus far is overwhelmingly for the senator from New York and her fellow Democrats. A recent dissection of FEC campaign finance disclosures revealed that, as of Nov. 7, fourteen of the 50 Most Powerful Women in Business - as ranked by Fortune - have contributed directly to a 2008 presidential candidate, representing a hefty total of $77,200.

It should be noted that the above figures do not include donations to more general, qualified non-party PACs (which most of the companies represented on the list maintain). A great majority of the fifty women on Fortune's list do participate in such PACs, but it does not say much about the personal political decisions being made by some of America's most powerful businesswomen.

Initially evident in evaluating the data is the enormous disparity between contributions to Democratic candidates and contributions to Republican candidates. Overall, the numbers are vastly skewed, with the 50 women collectively contributing $68,900 to Democrats and just $8,300 to Republicans. Such a staggering divide is further augmented by the fact that many of the same women contributed heavily to President Bush's re-election campaign in 2004. Zoe Cruz, 16th on the list and co-president of Morgan Stanley, contributed $2,000 dollars toward the president's re-election in 2004 but is thus far banking on the Democrats in 2008, giving $4,300 to Clinton, $2,000 to Dodd and just $2,200 to Giuliani. Of the fourteen women contributing, eleven supported strictly Democratic candidates, one (Anne Livermore, an executive vice president at Hewlett-Packard) supported only Republican candidates, and the three others supported candidates from both parties.

Of the $68,900 going to Democrats, $40,300 went to Senator Clinton. Senator Obama came in a distant third at $9,000 after Senator Dodd, who raked in $17,500 from such notables as Anne Mulcahy, ranked 2nd as chairman and CEO of Xerox; and Cruz.

Of the $8,300 going to Republican candidates, $6,100 went to Romney and the remaining $2,200 went to Giuliani. Top contributors include Livermore, who gave $2,300 to Romney; Cruz, who gave $2,200 to the same candidate; and CEO of ING's U.S. Wealth Management division Kathleen Murphy, who is ranked 40th and gave $2,300 to the governor of Massachusetts. Of the 50 women, only Cruz gave to Giuliani's campaign.

Clinton's $40,300 in contributions was distributed rather evenly among her group of eight supporters. Leading contributors to Clinton's campaign were 27th-ranked Heidi Miller, CEO of Treasuries and Securities Services at J.P. Morgan Chase, who gave $8,800 through two PACs; Mulcahy gave $4,600; and Ursula Burns, the 11th-ranked president of Xerox, gave $4,200.

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