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Q. Does Tellabs make political contributions?

Yesterday, the Center for Political Accountability released its study of corporate political spending for the largest U.S. companies. It finds that voluntary disclosure of political spending is becoming a mainstream corporate practice.

Answer: No, Tellabs does not make political contributions. Never has. Tellabs believes that directing our resources to core business activities best serves our stakeholders.

And, while we're on the subject, Tellabs has never had a Political Action Committee. We don't directly lobby, but we are a member of industry organizations that do.

In 2009 Tellabs formalized its long-standing practices with a political spending policy.  Earlier this month we released the policy on our website.

Because, when it comes to corporate political spending, more and more people want to know who, what, when, where and why.

Growing call for transparency
Transparency on corporate political contributions became a hot topic following the U.S. Supreme Court case, Citizens United v. Federal Election Commission. This controversial ruling in January 2010 gave companies and unions more freedom to influence election campaigns.

Tellabs has no political contributions to disclose. If that ever changes, we've pledged to make such contributions public information. You can read more details in our political spending policy.

Companies have different approaches to engaging in politics. Transparency needs to be part of that approach.

Comments:
Today Si2 and IRRC Institute released a new report on political spending in the S&P 500.

Tellabs is one of 17 companies that have a 'no spending' policy and did not spend any money in 2010.

You can see the report here: http://www.irrcinstitute.org/pdf/Political_Spendin...
Meredith Hilt — November 10, 2011 9:39 AM
finally got around to checking out your blog. I hope to be a regular reader in the future.
Kay Kendall — December 5, 2011 12:50 PM
Thanks, Kay!

If you want to subscribe to Tellabs' blog, you can subscribe via email on the blog homepage, or by RSS here: http://www.tellabs.com/news/feeds/.

I post more frequently on my personal blog: www.mhilt.wordpress.com, focused on giving and corporate responsibility topics.

Great to hear from you; thanks for reading!
Meredith Hilt — December 5, 2011 3:00 PM