April 28, 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.
If a company is spending money on something toxic then it is their duty to inform their shareholders (whose money they are spending) that they are doing it. Each person defines toxic differently, a CEO might find eugenics the best use of the money while another might like anarchy, should we allow them to pursue these ends in secret? If they want to pursue something, they should be forthright about it. Allowing them the ability to hide their actions from their shareholders and the public is asking them to do something morally (in each and every person's definition of the ideal) questionable, "absolute power corrupts absolutely" and you are telling them they aren't accountable for their "tastes".
Thank you for considering my comment.