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Donors embrace mergers Obama bashes

President Barack Obama has been bashing companies that pursue offshore mergers to reduce taxes. He hasnt talked about the people behind the deals -- some of whom are his biggest donors.

By Richard Rubin, Annie Linskey | Updated on August 13, 2014
President Barack Obama. (AP Photo/Jacquelyn Martin)
Aug. 13 (Bloomberg) — President Barack Obama has been bashing companies that pursue offshore mergers to reduce taxes. He hasn’t talked about the people behind the deals — some of whom are his biggest donors.

Executives, advisers and directors involved in some of the tax-cutting transactions include Blair Effron, an investment banker who hosted Obama for a May fundraiser at his two-level, 9,000-square-foot apartment on Manhattan’s Upper East Side.

Others are Jim Rogers, co-chairman of the host committee for the 2012 Democratic National Convention; Roger Altman, a former senior Treasury Department official who raised at least $200,000 for Obama’s re-election campaign; and Shantanu Narayen, who sits on the president’s management advisory board.

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