Black Executives Form a PAC to Back Them Up
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Wednesday, October 25, 2017
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[The organizers of a political action committee backed by black executives include from left, Karen and Charles Phillips, Robyn and Tony Coles, and Marva Smalls. They were at the Colesâ house on Kiawah Island, S.C., in August.]
The organizers of a political action committee backed by black executives include from left, Karen and Charles Phillips, Robyn and Tony Coles, and Marva Smalls. They were at the Colesâ house on Kiawah Island, S.C., in August. Kate Thornton for The New York Times
By [Kate Kelly](
Dozens of black executives and their spouses joined Senators Cory Booker and Kamala Harris, as well as Eric H. Holder Jr., the former attorney general, for a private dinner in July in Bridgehampton, N.Y. Over kale salad and sea bass on the grounds of a hotel, the executives sought advice about their intermittent fund-raising efforts to address political and social issues, and for the candidates who support those causes.
Ronald Kirk, a former mayor of Dallas and a lawyer who served in the Obama administration, had the bluntest message. âYouâre wasting your money,â he recalled saying. âMy advice is: Get organized.â
It was a crystallizing moment. Many attendees had long been part of an informal group of friends and associates who raised money for philanthropies or policy issues on an ad hoc basis. At the dinner, they decided it was time to use their wealth and stature in a more formal way.
By early 2018, the group hopes to start a political action committee, creating a new fund-raising model for corporate executives of color. The group would support candidates of any political party who fit the PACâs agenda.
The main organizers â including Charles Phillips, chief executive of the software company Infor; Tony Coles, head of the biotech firm Yumanity Therapeutics; Marva Smalls, global head of inclusion strategy for Viacom; and William M. Lewis Jr., co-chairman of investment banking at Lazard â are still in the planning stages for the PAC.
They are focused on areas like access to education and employment, as well as voter participation. But they are still trying to find consensus. Many donât want to narrowly define the mandate around race, since initiatives like improving school quality and job training are as much about geography and income level.
[Edith Cooper, head of human capital management at Goldman Sachs, spoke out on LinkedIn to say she was âoutraged and frightened by what took place in Charlottesville and by President Trumpâs response.â]
Edith Cooper, head of human capital management at Goldman Sachs, spoke out on LinkedIn to say she was âoutraged and frightened by what took place in Charlottesville and by President Trumpâs response.â Graham Morrison/Bloomberg, via Getty Images
The 10 or so core organizers, who meet every other Sunday in Manhattan, have hired a lawyer to get the paperwork ready but havenât started to raise money. They plan to create three structures: a âsuper PACâ to run political ads or host events; a federal PAC to support candidates; and a 501(c)(4) group, or social welfare nonprofit, that will do a mix of the two.
âWhat weâve been doing is just writing checks for years, and we donât know what happenedâ once the money was received, Mr. Phillips said. âWeâve got to learn from the Koch brothers, do what they do, have them sign pledges.â
The core organizers plan to reach out to a group of roughly 100 black executives, lawyers and other professionals who attended the July dinner. They have mutual friends. They meet socially in places like East Hampton, N.Y., and Kiawah Island, S.C. They attend the same charitable functions, like the annual fund-raising dinner in New York City for the N.A.A.C.P. Legal Defense and Educational Fund.
The group has been increasingly stepping into the national debate about race and inequality. Two years ago, it funded screenings so that 320,000 students across the country could see âSelma,â the movie about a crucial moment in civil rights history. After the police shootings of black people in Ferguson, Mo., and other cities, [the group raised $1 million in 48 hours]( to fund a police reform initiative. And in August, it supported Kenneth C. Frazier, the chief executive of Merck and a member of the extended network, after [President Trump criticized him](.
âWe have now entered more the ranks of corporate America with the financial wherewithal, with the thought leadership, to now engage around the issues,â said Ms. Smalls, who while growing up in South Carolina in the 1960s watched her parents help organize get-out-the-vote rallies and fight for equality in local schools.
The election last November, Ms. Smalls said, was an âinflection point.â The question now, she said, is âdefining a narrative, politically, that matters to our community.â
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Dennis M. Rivera Pichardo for The New York Times
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