March 21, 2012
I am more than deeply concerned about the influence of corporate money on our electoral process. I own stock and would certainly reconsider investing in a company that I felt did not have my best interest at heart. I invest monies for various reasons and one of those reasons is the ultimate goals of the corporation. spending my hard earned money on agendas that I may be opposed to would certainly cause me to reconsider my investment. This should be my right, not just an afterthought.
In particular, I am appalled that, because of the Supreme Courtís ruling in Citizens United v. Federal Election Commission, publicly traded corporations can spend investorís money on political activity in secret.
I am writing to urge the Securities and Exchange Commission 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 SECís web site.
Thank you for considering my comment.
chapel hill, NC