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Business in Focus – Olympic Edition for Samsung

2nd Vote takes a 2nd Look at Samsung, the official wireless communications company of the Olympics since 1998.

Samsung has been the official wireless communications company of the Olympics since the 1998 Nagano games, and they will continue to be a sponsor until 2016.  This year, Samsung is providing a Galaxy Note 3 smartphone to every Olympic athlete, which is the first time a sponsor has given away a free phone.

Samsung employs 206,000 people in 72 countries and had revenues of over $143 billion in 2011.

Samsung has an overall score 2nd Vote score of 6, making it a neutral company.  A breakdown of their scorecard is below (all scores are based on a 10-point scale). To learn how we score, please click here.  To view research citations, click here.

2nd Amendment – 6

Samsung remains neutral on 2nd Amendment Issues.

Environment – 6 

Samsung has remained neutral on environment issues.

Marriage – 6

Samsung has remained neutral on marriage issues.

Pro-Life – 6

Samsung has remained neutral on life issues.

CEO Activism – 

Samsung’s Board of Directors officially appointed Dr. Oh-Hyun Kwon, who is a citizen of South Korea, Chief Executive Officer of Samsung Electronics Co. on June 8, 2012. According to U.S. Federal Campaign Finance Laws, foreign citizens are forbidden to contribute to American political parties, candidates, committees, and PAC’s. (http://fec.gov/law/feca/feca.pdf#page=139, page 86)

Corporate PAC – 

Samsung does not have a Corporate Political Action Committee.

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