July 25, 2013
The Securities and Exchange Commission should require publicly traded corporations to disclose all their political spending – what politicians they have supported and what issues they have lobbied for or against - and to do so this year before this spending can distort next year's congressional elections. The money the corporate managers are using for politics does not belong to them; it belongs to the stockholders. The stockholders have a right to know what their agents, the managers, are doing with their money.
I understand that the SEC has the authority to stop secret political spending by corporations. Failure to exercise this authority would be gross negligence.