October 31, 2013 12:43
The secret group of billionaires who tried to limit the power of labor unions in California’s Prop 32 fight last year has been unmasked.
Prop 32, which would have stopped the ability of labor unions to collect political money, was resoundingly defeated by five million voters in California.
Now a special investigation has revealed a list of billionaires who were connected to the campaign to thwart labor unions in the Golden State.
Owners of the Gap, Charles Schwab and philanthropist Eli Broad all gave money to groups that supported the measure to get Prop 32 passed.
The Fisher family, which owns the Gap, gave more than $9 million to Americans for Job Security, which eventually ended up in the California campaign.
Schwab gave more than $6.2 million to the same group. Broad gave $1 million to the effort.