Why are businesses spending $3.5 billion a year on lobbyists? Can companies afford not to invest in lobbying? The truth is that lobbying, more often than not, pays off. Gillian Tett of the Financial Times, who moderated the afternoon discussion at the Sanford C. Bernstein & Co. Center's recent conference on "Business and Politics: Which Drives Which?", explores the role of lobbyists and how these connections pay.
See the Financial Times article here.