October 10, 2013
Securities and Exchange Comm.
Dear Securities and Exchange Comm.,
I write to urge the SEC approve rules requiring public disclosure of political spending by publicly-held companies.
The SEC exists to protect shareholders, and since shareholders are basically good people, I'd think they'd want to know how their CEOs are spending their money. The SEC must ensure investors have the information they need to make sound decisions about when and where to put their money, and corporate political campaign contributions matter to shareholders these days, so shareholders deserve to know about the contributions made with their money. Shareholders also have a right to know how companies in their investment portfolios are investing that money, particularly when the spending falls outside the company’s normal business activity.
Thank you for considering my comment.