Jacobs Suspends All Political Contributions

Rhea-AI Summary

On January 13, 2021, Jacobs (NYSE:J) announced the suspension of all political contributions following the violence at the U.S. Capitol. CEO Steve Demetriou emphasized that the peaceful transition of power is fundamental to democracy and expressed concern for the events that undermined democratic principles. Jacobs, with approximately $14 billion in revenue and a workforce of over 55,000, provides a range of professional services across various sectors, advocating for unity in Congress.

Positive

• Company maintains strong revenue base with $14 billion in revenue.
• Demonstrates commitment to democratic principles and corporate responsibility.

Negative

• Suspension of political contributions may impact future lobbying efforts and influence.

DALLAS, Jan. 13, 2021 /PRNewswire/ -- Jacobs (NYSE:J) has suspended all political contributions in the wake of last week's violence that took place at the United States Capitol.

In a statement from Chair and CEO Steve Demetriou, he said "The peaceful and respectful transition of power is fundamental to our democracy. The disturbing events at the U.S. Capitol put our elected leaders at risk and undermined the fundamental democratic principles of free speech, peaceful protest, and open and free elections. In light of these events, Jacobs' Good Government Fund is suspending all political contributions." Demetriou continued, "We have a long history of supporting the U.S. Government and urge Congress to work together to unify our great nation."

About Jacobs

At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $14 billion in revenue and a talent force of more than 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.

For additional information contact:

Investors
Jonathan Doros, 817-239-3457
jonathan.doros@jacobs.com

Media
Marietta Hannigan, 214-920-8035
marietta.hannigan@jacobs.com 

 

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SOURCE Jacobs

FAQ

Why did Jacobs suspend political contributions?

Jacobs suspended political contributions in response to the violence at the U.S. Capitol, as stated by CEO Steve Demetriou.

What is Jacobs' revenue?

Jacobs has approximately $14 billion in annual revenue.

What is the stock symbol for Jacobs?

Jacobs is traded under the stock symbol 'J' on the NYSE.

Who is the CEO of Jacobs?

The CEO of Jacobs is Steve Demetriou.

When did Jacobs announce the suspension of political contributions?

Jacobs announced the suspension of political contributions on January 13, 2021.