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Jeff Connaughton’s “The Payoff: Why Wall Street Always Wins” – A Book Review

Jeff Connaughton’s new book, “The Payoff: Why Wall Street Always Wins”, is a must read during the Presidential election season.

Put Your Money Where Your Money Is: The Auditors and the US Midterm Elections

The Big 4 audit firms prefer to contribute to candidates who are in powerful positions rather than focus on their party politics. It’s purely opportunistic largesse. They typically donate heavily to those in legislative leadership positions and to those in the position to take over leadership roles.

To use a hockey metaphor: The audit firms put their money more often where the puck is rather than where it’s going and hardly ever chase the puck for strictly ideological reasons.