James I. Kaplan quoted in article "When Bankers Run for Office, Balancing Commitments Gets Tricky"

Media Mention
American Banker

Below is an excerpt:

A bank could also face losing business if their employee and elected official votes a certain way on hot-button issues, Kaplan warned. Bankers may seek out municipal roles that are part time and nonpartisan as a way to help avoid this risk, or they could just shy away from highly contested races.

"There could be a lot of people who don't agree with you," Kaplan said. "You don't want to discourage potential customers over an issue that is not at the heart of the financial business, and you don't want [to lose a potential customer] because of your views on controversial political issues like same-sex marriage or abortion."

Originally published in American Banker, April 10, 2015


Related People

Related Capabilities

Follow Quarles

Subscribe Media Contact
Back to Main Content

We use cookies to provide you with the best user experience on our website and to analyze statistics related to our website. To understand more about how we use cookies, or for instructions to change your preference and browser settings, please see our Privacy Notice. Please note that if you choose to reject cookies, doing so may impair some of our website's functionality.