April 24, 2013
Dear SEC Commissioners:
I am writing to urge the Securities and Exchange Commission (SEC) to issue a rule requiring publicly traded corporations to report to their stockholders any and all financial contributions to political organizations.
Much has been made about treating corporate political contributions as "speech," subject to the constitutional guarantee of free speech.
I want you to know that I think there is no good reason to treat corporate political contributions as "speech," when those contributions are not made in public. To do otherwise makes a mockery of the very idea of "speech." The very reason for protecting any kind of speech is to guarantee that the government cannot by any means suppress or inhibit public speech. If so-called "speech" is conducted in secrecy, it is not speech and there is no reason for a constitutional protection. True "speech" is public speech; it is needed to be made in public for good reasons of public discourse and debate. So-called "speech" conducted in secrecy by secret political contributions by corporations (and not by natural persons speaking publicly) should properly be called by its true name: "CONSPIRACY."
Corporate stockholders deserve to be informed what is being done with their property, and in their name, by those bearing a fiduciary responsibility to such stockholders.
Sincerely yours,David B Hack