FFC Urges EBay To End Support For ALEC

December 31, 2014

Over the last several months FFC, along with other investors, has urged leading tech companies to sever their associations with the American Legislative Exchange Council (ALEC). ALEC, a conservative lobbying group, denies climate change, fights against collective bargaining rights, and opposes carbon pollution regulations. Frequently the lobbying done by ALEC directly contradicts these companies’ public positions on the same issues.  Google, Facebook, Microsoft, and Yahoo! have already ended their association with ALEC. FFC is now calling for eBay leadership to end the company’s relationship with ALEC.  Concerned investors believe eBay may run the risk of damaging its reputation through its support of and association with ALEC. We believe that ALEC’s policy initiatives run counter to eBay’s stated corporate values. eBay has long stood for transparency and accountability. FFC believes that eBay’s leadership should maintain the company’s strong brand reputation and act swiftly to end its support for ALEC.   To view the letter, click here.