Hey, Big Spender! Fred Eshelman Donates Over $3M to Conservative Group
Newly-filed financial reports show that last month, Eshleman has contributed a total of $3.38 million to a conservative group called RightChange.com. According to "Open Secrets," the 527 political group has "made a flurry of negative independent expenditures in some of the country's hottest U.S. Senate races." Records indicate Ehsleman gave $1.85 million last month and $1.5 million more this month. All told, his contributions account for most of the RightChange.com funds raised this year.
Eshelman started his company, PPD, in Maryland in 1985 as a single-person consulting firm. It grew to 10,000 employees and operations in 38 countries and has major operations in North Carolina. Analysts consider it "one of the world's top life science contract research organizations." During the economic downturn, PPD shares fell dramatically. Eshelman has donated millions to charitable causes. That includes a $20 million+ gift to the school from which he graduated in 1972: UNC-Chapel Hill School of Pharmacy.
According to Open Secrets, in the past two weeks, RightChange.com has spent over $1.9 million assisting its candidates of choice. This includes opposition to Senate Candidate Charlie Crist in Florida and incumbent Senators Patty Murray of Washington, Sen. Maj. Leader Harry Reid in Nevada and Sen. Michael Bennet in Colorado.
Popular in Politics
- IRS' Lerner: "I have not done anything wrong" 666 Comments
- Obama to view Oklahoma tornado damage Sunday
- Christie: Keep politics out of Oklahoma disaster relief
- Former Miss America might challenge McConnell
- Anthony Weiner comeback try begins: Running for NYC mayor 120 Comments
- Officials on Benghazi: "We made mistakes, but without malice"
- Major immigration overhaul passes first big test 68 Comments
- WH says criticism of its handling of IRS story is "legitimate"