State Street Corp. on Monday became the latest local company to denounce the violent attack that occurred at the US Capitol last week, and said it is taking a closer look at its own political spending decisions.
The firm said in a statement on its website that it will “not support lawmakers or candidates who demonstrate views or engage in activities that are intended to undermine legitimate election outcomes.”
“As we continue to learn more about the assault on our Capitol on January 6, it has become clear that these attempts to subvert our democracy are much broader than the horrifying events of that day,” the company wrote, adding that it will set up a process to evaluate future political contributions. “While we are respectful of and encourage diverse political beliefs, any attempt to overturn the results of a legitimate election subvert the very system in which we live and conduct business and must be universally condemned. "
State Street joins Boston Scientific Corp., which said in a statement it has suspended all political donations in response to the attack. The temporary pause will allow the Marlborough-based medical device manufacturer to review its “approach to future contributions.”
“We believe in respecting the integrity of the democratic process, the election outcome and the peaceful transition of power,” Boston Scientific said.
Several other big companies including JPMorgan Chase & Co. and the Blue Cross Blue Shield Association have taken similar actions.