May 5, 2012
Dear members of the Securities and Exchange Commission:
I am writing to urge the SEC to issue a rule requiring publicly traded corporations to publicly disclose all their political spending.
Both shareholders and the public must be fully informed as to how much the corporation spends on politics and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC's web site.
There was a man who knew that money could sway elections to his benefit. He bought and paid for many a politician in his time. So that he could continue with his felonious business practices. That man was Al Capone. He understood what unchecked finances could do to elections and therefore laws passed in his favor. Don't you think that these "businessmen" have it figured out like Capone did?
Thank you for considering my comment.