Tech bets on Obama with campaign donations

13.10.2012
The tech industry's 2012 campaign donations show for President Barack Obama, and industry executives believe he will win reelection, according to a new survey.

Obama has raised $5.07 million from the tech sector, with campaign donations coming from political action committees at tech firms, employees and even immediate families. Donors associated with contributed $544,445; those related to Google, $526,000; and IBM-related contributions totalled $218,800, according to data collected by the Center for Responsive Politics.

Republican presidential nominee Mitt Romney has received just over $2 million from the tech industry, with EMC Corp.-related donors contributing the largest chunk: $257,250.

In a survey of 222 C-level executives at tech firms, law firm DLA Piper found that 76% believe Obama will win the Nov. 6 election, with the balance, 24%, predicting a win for Romney.

This survey was conducted between Sept. 13 through Oct. 4, the day after the debate between Obama and Romney that Romney is widely seen to have won.

Of those responding, 33% were CEOs or presidents, 16% were senior vice presidents or vice presidents, and 31% were managing partners. The balance included general counsels and CFOs.