Top Clinton Donor Wants a Law Against $1 Million Gifts Like His
- `PACs are a bad thing,' says super-PAC donor Bernard Schwartz
- Loral's ex-CEO also gave $2.5 million in soft money since 2010
Hillary Clinton speaks during a campaign event in Portsmouth, New Hampshire, on Feb. 6, 2016.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Mickey Mouse figurines and photos of grinning politicians surrounded the 90-year-old investor Bernard Schwartz in his Manhattan office on Thursday. Four days earlier, new federal filings showed he gave $1 million to a super-PAC supporting presidential candidate Hillary Clinton, making him one of her top backers and part of the campaign-finance system that her rival Bernie Sanders calls undemocratic and corrupt.
Schwartz, a former head of satellite maker Loral Space & Communications who’s no stranger to hefty political donations and was once a target of suspicion about the favors they buy, mostly agrees with the Vermont senator.